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Well Stocked Vehicle Car Spares Retail Store

Basildon, Essex
Leasehold Price:
£64,995
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Status
FOR SALE
Advert ID
239460
Reference
B05087 / Rightbiz

Details

Business
Hilton Smythe welcomes to the market Pound Lane Auto Discounts, which was established by our client, who is looking forward to retirement, in 1981 and is a well-established name in the area.

Covering Essex and much further via the websites www.car-spares-essex.com and www.carpartsbasildon.co.uk,  Pound Lane pride themselves in old style excellent customer service that is hard to find. It doesn't matter if the spares you want are for an early Ford Anglia or the latest BMW, they will most of the time have your part on the shelf ready to go and if not will be able to order it in.

The business has fantastic reviews being 4.7/5 on Google and 5* on Yell. There are many returning customers who are generally known by name by the experienced and long term staff.

Pound Lane Auto Discounts is a profitable business, however, there is still scope for development by considering opening longer hours or listing more products, especially for classic cars, on line.

There are many reasons to buy Pound Lane Auto Discounts including:-

  • Long established customer base
  • Loyal and knowledgeable staff
  • Strong and returning customer base
  • Location close to garages
Hilton Smythe highly advise early viewing to avoid disappointment

Location
Pound Lane Auto Discounts is located in Bowers Gifford, Essex.

Bowers Gifford is located just east of Basildon and the business itself is located on a main road within a semi-detached building and surrounded by many garages that serve the area.

The shop is easy accessed as it is located close to the A13, A127 and A130, making it accessible to Basildon, Chelmsford, Southend and many other areas.

There is customer parking directly outside the shop and there is a driveway to the side of the building that is ideal for staff parking

Premises
The shop is entered from the front to the reception area with shelving for oils etc and the staff counter.

Behind the counter is the computer system and numerous shelves and racking for stock, doorway to rear stock room and stairs to the first floor stock rooms

Rear stock room with more shelving and racking for stock

There is a lobby off here with a door to the staff toilet, a door to the kitchen and a door to the rear courtyard.

The rear courtyard is accessed by vehicles to the side and is long enough to park 3-4 cars. There is a covered area in the courtyard with a workbench and vice and a door to the rear two storey stock room.

The rear stock room has further shelving and racking for stock and has a ladder that leads to the first floor with more stock.

Past the outside stock room is another storage area.

On the first floor are two rooms with shelving and racking for stock and there is a loft space with further stock.

Tenure
We are advised the business is being sold as a leasehold business opportunity with a new lease to be written as our client is the freeholder.

The annual rent will be £15,000.

Hours
Monday - Friday: 8.00am – 5.30pm
Saturday: 8.00am – 2.00pm
Sunday: 9.00am – 12.30pm




Staff
The business is run and managed by our client, with the help of 2 long term full time members of staff.

Financial Profile
Pound Lane Auto Discounts generated an advised turnover of circa £260,199 as of the 2016 accounts, with a gross profit of £55,822 a net profit of £26, 947 and an adjusted net profit of £39,619

Previous years have had a gross profit of circa £300,000

The assets being sold with the business are worth in the region of £15,000

The stock is to be sold in the region of £60,000 - £80,000, however, our client believes the true stock value to be higher than this as there is a large amount of old stock for cars from the 70’s and 80’s etc.

Seller Details
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Listing Details
Leasehold Price: £64,995
Tenure: Leasehold
Location: Basildon, Essex
Sector: Garage Businesses, Accessory Businesses, E Commerce Businesses
Financials
Annual Turnover: £260,199
Location Statistics
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Basildon Electrics (approx. 0.3 mile)
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Pest Control Basildon (approx. 0.4 mile)
Grimston Road (approx. 0.4 mile)
Grimston Road (approx. 0.4 mile)
Listing Statistics
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