Wholesale And Retail Motor Factor Specialising In Psvs/hgvs | | Undisclosed West Yorkshire | | YORKSHIRE WHOLESALE AND RETAIL MOTOR FACTOR SPECIALISING IN PSVS/HGVS Established motor factor business specialising in HGV/PSV work Based in West Yorkshire Scope to develop through introduction of website Excellent supplier contacts 80 trade accounts A/T | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 70113
ADVERT IMPRESSIONS : 17,390 TIME(S) | | | | BUSINESS SECTOR: | Motor & Transport | | TRADE TYPE: | Motor & Car Accessories | | SALE: | Agent Sale | LEASEHOLD: | £225000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | LOCATION
• Trading from traditional industrial unit located on a large estate
• Off road parking for customers, staff and visitors
• Close to large conurbation and motorway network offering access to large customer base
• Many complementary businesses located on the estate
HISTORY
• Established by the vendors in 1983 as an independent motor factor originally as a franchise
• Reliable repeat customer base carefully nurtured
• Excellent supplier contacts built up over many years
• Business based upon service ethic
• Expansion into new premises in 1993 with long leasehold acquired
• Decision to specialise in HGV/PSV work
REASON FOR SALE
• Retirement
PRODUCTS AND SERVICES
• Full range of consumable and non consumable parts for HGV/PSV’s as well as traditional passenger cars and vans
• Excellent product knowledge allows expert advice and guidance to be offered
• 6,500 product lines offered with many items stocked and others available for next day delivery
CUSTOMERS
• Mainly drawn from a 15 mile radius of base in West Yorkshire
• Motor trade and related industries
• Fleet operators
• Bus companies
• Some private trade
• Approximately 80 live customer accounts maintained
• Approximately 80% of turnover relates to HGV/PSV work with remainder accounted for by cars and light vans
SUPPLIERS
• Consumables purchased from a variety of dealers and manufacturers
• Approximately 30 live trade contacts used regularly to supply the business
• Excellent relationships with next day delivery on almost all items
STAFF
• Two vendors work full time within the business
• 2 drivers
TRADING HOURS
• Monday to Friday 8.30am to 5.30pm
• Saturday 8am to 12 Noon
• Sunday closed
FINANCIALS
Turnover
2011 £250,258
2010 £230,593
2009 £296,107
2008 £327,613
2007 £300,965
• Gross profit margin 42%
• Stock holding approximately £50,000
• Adjusted net profit over £50,000 per annum
OVERHEADS
Premises costs £5,467 pa
Financial £3,162 pa
Motor costs £12,658 pa
General £41,945 pa
PREMISES AND EQUIPMENT
• A traditional industrial unit extending to approximately 1,200 square feet, comprising briefly:
o Parking to front for 4 vehicles allocated
o WC
o Sales counter
o Mezzanine floor with office and storage with racking and shelving appropriate to trade
o Ground floor storage/warehouse area with racking and shelving
o CCTV on estate
o Alarmed (ADT)
o Industrial estate is gated
• 2 delivery vans included within consideration price
STRENGTHS
• Enviable local reputation established over many years
• Good number of trade accounts
• Limited competition locally
• Low overheads
• Consistent financial performance with good level of profit seen for working owners
• Customer base substantial with high repeat rate
• Excellent supplier contacts
• Long leasehold
SCOPE
• Considerable scope for business development with advertising and marketing limited at present
• Focus on additional commercial contracts
• Introduction of website with fully functioning purchase facility
• Ideal acquisition as a family business
• Introduction of specialist or additional services
TENURE
• Long Leasehold
• Original Lease 121 years
• 80 years remaining
• Ground Rent £200 per annum
• Rates £1,000 per annum
VIEWINGS
• A non disclosure agreement will have to be signed and returned prior to any further information and viewing.
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: | 1231WF / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
