Asking price: £48,000

Sales revenue: £296,000

Net profit: Undisclosed

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
Preferred Commercial is delighted to offer for sale this desirable and well established business, which was founded by our client in 1981 and has built up an enviable reputation and client base throughout North Devon, generating much regular repeat business. The business is being placed on the market due to our client's wish to retire and has been run at a pace to suit. A new owner could greatly build upon this already profitable business with the introduction of a web site and proactively looking for new custom, as the current owner does not actively market the business. The current split on turnover is 85% trade to only 15% retail, offering huge scope to develop. Currently the business has an average weekly turnover of £5,700 with a gross profit of 32.4%. There remains infinite scope to develop turnover further if so wished. The business's main products are fascia boards, soffits, polycarbonate roofing systems, guttering, decorative shutters, hygienic wall cladding and also a small amount of uPVC windows and doors. This, in our opinion, is a great business that offers a husband and wife team or partnership the opportunity to build upon what our client has achieved over the last 18 years. Preferred Commercial recommend viewing at your earliest convenience to fully appreciate.

Trading hours: Mon - Fri: 7.30am - 5.00pm Sat: 8.00am - 12.00pm Sun: Closed

Property: Leasehold

Lease terms
Original length: 24 years Remaining: 5.5 years Review: every 4 years Price plus stock at valuation

Location
PJC Plastics (Barnstaple) Ltd is located in Barnstaple, Devon, on a small industrial estate with two other businesses, just off the main road into Barnstaple from Braunton. The business is well sign posted and is located in an area containing other industrial estates. The business draws its trade from all parts of North Devon, with customers coming from locations such as Lynton, Lynmouth, Bideford, Bude and Okehampton to name but a few.