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Established Tyre Fitting Specialist in Oxfordshire

Banbury, Oxfordshire
Leasehold Price:
£90,000
Find more details, or book a viewing:
Status
FOR SALE
Advert ID
208269
Reference
6051 / Rightbiz

Details

    Trading On Thorpe Place Since 1987

    Latest Accounts To 30 April 2018

    Annual Turnover £295,195

    Gross Profit £62,368

    Accounts Available After Viewing

    Large Base of Repeat Customers

    Well Linked With The M40

    Close to Warwick and Coventry

    Retirement Sale

    Free Parking Directly Outside

Description:
REF 6051 – Leasehold Tyre Fitting Specialist
Blacks Business Brokers are proud to bring to the market this leasehold tyre fitting specialists located in the busy and much sought-after area of Banbury, Oxfordshire.

INTRODUCTION
Edgwick Tyres has been trading on Thorpe Place since 1987 with our client in ownership since 1997. During this time, the business has grown into a busy and thriving specialist with a large base of repeat customers and has firmly established itself within the local community and this sector. The business offers a high level of service to all its customers and prides itself on being approved by The National Tyre Distributors, National Fleet, Independent Tyre Distributors Network and Tyre Business Solutions. Edgwick Tyres also stocks all of the major tyre manufacturing brands such as Continental, Pirelli, Good Year, Dunlop, Michelin, Firestone etc. A full list of which can be found on the businesses website edgwicktyres.co.uk. The business offers a variety of other services as well as tyre changes such as; puncture repairs, balancing and tracking, servicing,tyre re-grooving and free safety and pressure checks.

LOCATION
Located on a medium sized industrial estate in Banbury, North Oxfordshire. Well linked with the M40 and close to Warwick and Coventry. This is a popular commercial area and the location has plenty of parking.

REASON FOR SALE
Edgwick Tyres is only being offered for sale due to our client’s retirement.

LEASE
The building is available on a competitive rent on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial property lease. The current lease is a rolling lease at a cost of £259 per week.

BUILDING LAYOUT AND DESIGN
Edgwick Tyres is housed within a single storey light industrial unit which is approximately 1,500 square feet in size. The property has high roller shutter doors to the left and a customer reception entrance to the right.The premises comprises of a large, open plan, workshop which is fully equipped and well presented. There is a private office and reception area to the right. Behind the office is a staff toilet facility and a kitchen area. There is a small mezzanine floor above the office and toilet used for storage.Ample free parking is available to the front with 3 to 4 designated spaces.

STAFF
Edgwick Tyres is currently operating with two members of full-time staff in employment.

FINANCIAL DETAILS
Financial details are available upon a viewing of the business and Edgwick Tyres has traded solidly over its trading history. The business generates an annual turnover of £275,590 with gross profit of £104,579.

SUMMARY
Edgwick Tyres is an excellent opportunity to acquire a well renowned, long established and profitable tyre fitting business in Banbury, North Oxfordshire with a regular and loyal client base. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. It may also be of interest to a similar business looking for expansion in this area. Early viewings are strongly advised.

Fixtures & Fittings:
2 Poster Ramp
2 Tyre Changers
Wheel Balancer
Compressor


Opening Hours:
MON - FRI: 08:30 - 17:30SAT: 08:30 - 12:30SUN: CLOSED


Weekly Rent:
£259 Per Week. Weekly Rent:
£259 Per Week.
Seller Details
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Listing Details
Leasehold Price: £90,000
Tenure: Leasehold
Sector: Tyre Businesses, Garage Businesses
Financials
Annual Turnover: £295,195
Location Statistics
What's nearbyi:
Moulding Contracts Ltd (approx. 0 mile)
Cromwell Lodge Hotel (approx. 0.1 mile)
Mercure Banbury Whately Hall Hotel (approx. 0.1 mile)
Costa Coffee (approx. 0.2 mile)
Clarks (approx. 0.3 mile)
Kwik Fit Banbury (approx. 0.4 mile)
Tricolour (approx. 0.4 mile)
B&Q (approx. 0.4 mile)
The Lismore Hotel Ltd (approx. 0.5 mile)
Hatton & Green (approx. 0.5 mile)
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