Established Leasehold Car Spares & Accessories Store Inclu Sav Price Reduced | | Greenford Middlesex | | Phoenix Business Transfer Agents are delighted to place onto the market this Long Established Car Spares and Accessories Store which has been established since the 1960’s. The business has been in the hands of the current owner since 1970. | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 58571
ADVERT IMPRESSIONS : 5,438 TIME(S) | | | | BUSINESS SECTOR: | Motor & Transport | | TRADE TYPE: | Motor & Car Accessories | | SALE: | Agent Sale | ASKING PRICE: | £110,000 | LEASEHOLD: | £110,000 | ANNUAL RENT: | £11,500 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Location
- Situated in the Perivale area of Greenford in Middlesex.
- Prominent location on main arterial road.
- Part of a parade of shops.
- Excellent free parking facilities.
- Industrial estates nearby.
- Surrounded by a densely populated residential area with schools and other local amenities.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- A commercially thriving area.
- Well linked with the A40 (Western Avenue), A4005 and B456.
- Ealing, Brent and Park Royal all lie close by.
- Area enjoying much growth and regeneration.
- A lifestyle area.
- Excellent local demographics for this type of area.
Business Details
The particular highlights of the business are:
- A well established business.
- Good loyal clientele.
- Fully equipped business with favorable lease terms (see below).
- Turnover is excess of £95,000 with a net profit of £35,000 (see financial summary below).
- A business with great potential which has not been fully exploited due to a lack of advertising and promotion in recent years.
- An easily run operation.
- A good first time buyers business.
- Low rent and rates.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation.
- The concern provides discount car spares & accessories, cycle parts, alarms & radios, a home & car key cutting service and number plates.
History
Phoenix Business Transfer Agents are delighted to place onto the market this Long Established Car Spares and Accessories Store which has been established since the 1960’s. The business has been in the hands of the current owner since 1970 and he now wishes to sell due to retirement.
Services
This very good business opportunity provides discount car spares & accessories, cycle parts, alarms & radios, a home & car key cutting service and number plates.
Staffing
The concern currently employs no staff.
Owners Role
The owner is solely involved in the day to day running of the business.
Marketing
No marketing or promoting of the business has recently been undertaken as the business is well known and is currently developing a website.
Competition
There is a similar business approximately ½ mile away.
Market
The client base consists of local and passing trade.
Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings including local and internet advertising.
• Increasing the opening hours to include Sunday trading.
• With the introduction of a website and e-commerce.
Training and Handover
The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The owner would also be happy for an on the job observation period to assess the business prior to offers being made.
Property Details
The property is terraced, part of a parade of shops and is approximately 1,000 sq ft. The front is branded with an attractive glass front. There is a CCTV system and an ADT Alarm system, covering the business 24 hours a day. The main customer service area is carpeted with middle aisles, shelving and racking to the walls. It is very well presented and is very conveniently laid out.
To the rear is a store room. There is a toilet, staff facilities and a small office.
External
To the rear is a small area with two car parking bays which has been used in the past for fitting spares and accessories.
Equipment with sale
All fixtures, fittings and equipment are included in the sale price and are valued at £15,000.
Financial Details
The present annual turnover is £100,000 with a gross profit of 58% and a net profit of £35,000. The present value of the stock is £50,000 which is included in the price.
The potential turnover of the business within the next 2 years is forecast to reach £200,000 pa given the changes that are required to be made to the business. Full financial disclosure is available on request after viewings and the signing of a confidentiality agreement.
Please note Phoenix do not guarantee the accuracy of these figures which are in many cases estimated and are not verified. Please do not rely on the accuracy of these figures and seek professional help before making any offers. Phoenix will not be held liable for any inaccuracies in these figures or any other statements contained in relation to this business.
Trading Hours
Monday to Saturday: 9.00 am – 6.00 pm.
Sunday: Closed.
Tenure
The original length of the lease was 20 years with 3.5 years remaining. The rent is £11,500 pa with a review in 2015. The lease may be renewable or negotiable for longer term if required. The rates are £4,900.
Viewings
The owners are available for viewings at any time by prior arrangement.
Price: £110,000 Including SAV
Ref: 1954
Disclaimer
These details do not constitute part of an offer or contract.
The statements and descriptions given are made without warranties by Phoenix Business Agents Limited who it should be noted have NOT verified the information provided.
Purchasers should in all cases undertake financial due diligence using their own professional advisors before committing themselves in contract rather than relying on illustrations, figures and information given on behalf of the seller.
| | | | | | FOR SALE | | | | | REFERENCE: | 1954 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
