Tyre & Exhaust Centre With Motor Accessories Shop | | Undisclosed Leicestershire | | LEICESTERSHIRE TYRE & EXHAUST CENTRE WITH MOTOR ACCESSORIES SHOP Thriving retail shop Freehold opportunity with office space above A/T £801,000 with EBITDA in the range £80-£100,000 per annum Excellent repeat customer base Ideal family business or could be excellent "bolt on" for existing operator F/H: £675,000 + SAV REF: 9967LE | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 60311
ADVERT IMPRESSIONS : 14,578 TIME(S) | | | | BUSINESS SECTOR: | Motor & Transport | | TRADE TYPE: | Tire / Tyre Centre | | SALE: | Agent Sale | FREEHOLD: | £675000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | LOCATION
• Busy urban area with mixed residential and commercial use
• Well known local landmark
• Forecourt parking with unrestricted street parking
• Within easy striking distance of a range of complementary businesses
HISTORY
• Established as tyre and exhaust centre over 40 years ago
• Acquired by vendor 27 years ago
• Ongoing programme of investment maintained
• Large repeat customer base established
• Product mix and blend varied to ensure demands of customer base are met
• Excellent website introduced
• Consistent and reliable trading patterns
• Very much run as a family business
• Promoted as a large independent
REASON FOR SALE
• Retirement
• Vendor would be happy to assist with a handover in the short term
PRODUCTS
• Exhausts
• Full range of premium, mid range and economy tyres
• Batteries
• Motor accessories
o Cleaning and maintenance products
o Spares, components and service items
o Manuals
o Performance products
o Styling accessories
o Alloy wheels
o In car technology
o Car and caravan
o Holiday motoring
• Gift items
SERVICES
• Fitting of tyres and exhausts to customer requirements
• Advice and guidance with strong service ethos
• DIY helpline
CUSTOMERS
• Local private individuals
• Some commercial trade approximately 20% of turnover
• Reliable with high repeat rate
SUPPLIERS
• Consumables from a range of trade wholesalers
• Accounts with a wide range of suppliers ensure competitive pricing
• Excellent trade contacts
STAFF
• Business owner and spouse
• 9 staff members covering the shop and service bay
• High retention rate
TRADING HOURS
• Monday to Friday 8.30AM to 5.45 PM
• Saturday 8.30AM to 4.45PM
• Sunday (shop only) 9.30AM to 12.30PM
FINANCIALS
Turnover
2009 £801,812
2008 £775,686
2007 £788,586
2006 £755,712
• Gross profit margin
o 36% overall
o 45% shop
o 31% tyres
o 45% exhausts
o 30% batteries
• Stock holding (approximately)
o Shop £28,000
o Tyres £12,000
o Exhausts £3,000
• EBITDA in the range £80,000 to £100,000 annually
OVERHEADS
Staff £139,127 pa
Rent Nil
Rates £5,739 pa
Light/heat £2,760
PREMISES
• A freehold site comprising retail shop, service bay, storage and office space
• Workshop
o Office
o 2 work bays with ramps
o Tyre changing area
o Tyre and exhaust storage area
• Shop
o Sales counter
o Racking and shelving appropriate to trade
o Electronic point of sale system
o Kitchen/store
o Staff WC
• Second floor office space with 5 separate offices and WC
• Exterior
o Vehicle parking area
o Pavement area to front of shop
o Alarmed
EQUIPMENT
• 2 x 4 poster ramps (1 brand new)
• 4 tyre changing machines
• 2 wheel balancing machines
• Tyre racking
• Compressor
• Electronic tracking system
• Sundry tooling
STRENGTHS
• Freehold site
• Established as a garage business for many years
• Strong and consistent financial performance
• Customer base
• Excellent website
• Trade contacts
• No immediate investment required beyond consideration price
• Reliable and knowledgeable staff
SCOPE
• MoT preparation work
• Servicing
• Body repairs
• MoT station
• Rental of office space
• Business development activity limited
• Website development to include purchase facility
TENURE
• Freehold
Rates £5,739 per annum
DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967). | | | | | | FOR SALE | | | | | REFERENCE: | 9967LE / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
