Tyre Specialists In Prime Trading Location Premium Advert

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Status
FOR SALE
Advert ID
200787
Reference
14080 H / RightBiz

Details

BUSINESS
Hilton Smythe welcomes to the market this very well-established tyre fitting and repair specialist known as PTL Tyres Ltd. The garage has an enviable loyal customer base and operate from a great location; receiving daily heavy footfall and passing trade.

The business itself has been run by the current owner for the last 8 years and is well known in the area. The owner is now looking towards other business interests.

Their main business is tyre fitting; offering new or part worn tyres. Repairs for both domestic and commercial vehicles are also available, although they will also carry out car repairs and offer an outsourced MOT service.

The purchaser could look to expand the services available to allow for an increase in turnover. Advertising on social media sites such as Facebook and Twitter would also be beneficial to expanding customer base. There is a website at www.ptltyresltd.co.uk.


LOCATION
PTL Tyres Ltd is situated less than a mile away from the centre of Gloucester, in the old Morelands match factory building. Offering a great location with good access to all surrounding areas, having close links to the M5 motorway for connections to the South and North and easy access to the M4 giving access to the East and West.

The Morelands trading estate itself, is a very busy site and well situated within the city which has a population of around 128,000.

The area is well served by the M5 motorway, which runs to the east of the city. The A38 runs north–south through Gloucester connecting the city with Tewkesbury and Bristol. The A40 runs west to east, connecting Gloucester with Cheltenham to the east (via a dual carriageway section known as The Golden Valley Bypass).

PREMISES
The premises are set within a very large building covering 494.37 sqm, offering plenty of space for further development and expansion if required.

Overall, we have 2 large working areas, one with ramp and storage area, the other being the main tyre change area with 2 wheel balance and 2 tyre change machines, together with air guns, jacks and compressor.

The building also offers an office, store room, toilets and plenty of storage for tyres etc with shelving and racking.

TENURE
We are advised that the business is being sold as a leasehold opportunity on a 1 year rolling lease.

Rent £18,000 per annum.

HOURS
Monday: 9:00a.m. to 6:00 p.m.
Tuesday: 9:00 a.m. to 5:00 p.m.
Wednesday: 9:00 a.m. to 6:00 p.m.
Thursday: 9:00 a.m. to 6:00p.m.
Friday: 9:00 a.m. to 6:00 p.m.
Saturday: 9:00 a.m. to 5:00 p.m.
Sunday: closed

STAFF
The business is currently run by the owner and some other part time members of staff.

FINANCIAL PROFILE
We believe from the owner that the business turnover was approximately £100,000 for the year ending 2015, which is a little bit down on previous years. The owner firmly believes that a higher turnover could be achieved again and probably exceeded.

According to the VOA website the current rateable value is £10,250; however, the business benefits from small business rate relief so has nothing to pay.


Listing Details
Leasehold Price: £49,950
Tenure: Leasehold
Sector: Tyre Businesses, Garage Businesses
Financials
Annual Turnover: £100,000
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