Property Information
Address:
Preston, Lancashire
Price: Property no longer available.
Size: SOA
Primary Category: Businesses For Sale
All Categories:
Businesses For Sale,
Property Ref/Movehut: MH489649
Property Ref/Agent: 1425-outstanding-model-and-hobby-business-for-sale-in-preston
*Please use the agent ref when calling the agent directly.
Property description
Hilton Smythe welcomes to the market Transport Models.
This is an excellent and nationally known model and hobby business.
It was established in 1989 and has been under the control of the present directors for the past 20 years.
This is a business which can truly be called 'a one stop shop'. There is over 400,000 worth of good quality stock at cost value, which includes model railways, collectable diecast, plastic kits from all the leading manufacturer, and a vast range of plastic soldiers, including the famous Armies in Plastic from America. All the ancillary items to build a model railway, to assemble and paint the plastic kits, as well as informative books and necessary tools, are stocked.
Customers can purchase items from the retail shop in the Mill, or via the website, . Transport Models also have a large presence on Ebay selling under the name of 'Kitlady', with over 6,000 items itemised. The current turnover from the shop and online is in the region of 771,000 with a gross profit circa of 33% as per 2016 accounts. The turnover is attributed equally via the shop 50% and Ebay 50%..
This is an excellent business with great potential for growth.TENUREWe are advised Leasehold.
Rental is via licence, when the rent is paid this includes services and is in the region of 1,500 per month.HOURSThe retail shop is open on weekdays Monday through to Friday from 8:30am to 4:30pm, and on Saturdays from 8:30am to 5:00pmSTAFFThere are 8 working staff, which includes the 2 company directors.FINANCIAL PROFILEThe business reports a very healthy turnover circa 770,000 with a gross profit circa of 33% as per 2016 accounts and is increasing 10% annually.
Reported gross profit is around 256,000.
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