| | | AL158 -HEREFORDSHIRE-£250,000-TYRES SUPPLIER AND REPAIRS, INDEPENDENT RETAIL OUTLET | | | BUSINESS FOR SALE ADVERT DETAILS ADVERT VIEWED : 8,374 TIME(S)
BUSINESS REFERENCE : AL158 / RightBiz | | | | | | Tyres Supplier and Repairs, Independent Retail Outlet Ref.AL158 Location Herefordshire Asking Price £250,000 | | | BUSINESS LOCATION: | Undisclosed Herefordshire UNITED KINGDOM | | BUSINESS SECTOR: | Motor & Transport | | TRADE TYPE: | Garages | | SALE: | Agent Sale | LEASEHOLD: | £250000 | | | | | | | | | | | BUSINESS DETAILS: | Business profile:
This business has been trading for approximately forty years and has been in the hands of its present directors for the last sixteen years. Its longevity make it one of the best known tyres supply, repair and battery companies in the region with a reputation for sound advice, superb customer care and pragmatic prices.
The business enjoys an excellent trading relationship not only with its retail customer base but also with many trade outlets who do not carry the broad range of tyres that this company has always invested in. As a rule of thumb the operation carries a stock of between three and three thousand five hundred tyres at any one time.
A significant amount of revenue is generated by supplying other tyre retailers in the region who have come to rely on this business to help them out when they are unable to source a specific tyre at short notice.
The business delivers tyres three days a week to garages and service and tyre centres all across the region.
In addition to fitment the business has invested in the very best laser alignment equipment that not only generates good profits but makes sure that every vehicle leaves the premises with its wheels perfectly aligned and balanced.
The company trades from well appointed and well presented premises that reflect the companies policy of quality and service.
Key Strengths:
• First Class Service providing tyres from all leading manufacturers
• Budget tyres, Tyre Repairs, Sell and Fit Alloy Wheels
• Long established
• Financially sound
• Retail and trade client base
• Huge range of stock immediately available
• Quality staff
Growth and Expansion:
The business does advertise itself in the Yellow Pages and has its own website. Because it has been in the area for so long it also benefits from ongoing adverts on the popular local radio station.
There are a number of additional profit centres that a new owner could add to the operation. There is the capacity to sell both exhaust systems and a range of alloy wheels. It may also be feasible to become licenced to carry out MOT’s. The agricultural sector could also be developed with the addition of a mobile unit to service the farming community.
Premises:
The premises are located in a residential area close to the town centre. They command an annual rental of twenty five thousand pounds. The director owns the property personally so the arrangement of an ongoing lease would be a formality.
Financial profile:
The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.
The company enjoys a turnover in the region of £950,000 which reflects a gross profit of circa £300,000. Net profit is around £68,000. The shareholders funds stand at around £80,000.
Employees:
The business has a very stable workforce led by a general manager who has been with the company for over nine years. He is supported by five fitters (one of whom is part time) and one part time admin clerk.
Support and Training:
The managing director is very keen to see this business continue to flourish and will be happy to provide a three month handover period with a further six months of ongoing consultancy. | | | | | | FOR SALE | | | | | SELLER: | TURNER BUTLER | | CONTACT: | 01895 25 6000 | | REFERENCE: | AL158 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
