Established Car Services Business in Stafford Staffordshire for Sale - Retirement Sale
Stafford, Staffordshire
- Status
FOR SALE
- Date Submitted:
16/05/22
- Advert ID
295350
- Reference
B06890 / Rightbiz
- Call Agent:
- Leasehold: £160,000
- Turnover: £233,076 (£4,482 Per week)
- Net Profit: £59,519 (26% Profit margin)
Business Details
Well established Car Services business for sale
BusinessPlease quote reference B06890
Hilton Smythe welcomes to the market Penkridge Tyre & Exhaust Service located at Boscomoor Industrial Estate. Our clients have run the business for over 27 years, though the business has been a real labour of love for them, they are now heading for their well-deserved retirement.
The garage offers a range of services including tyres, wheel balancing, parts, brakes, exhaust work, engine diagnostic and servicing to name a few. Penkridge Tyre & Exhaust Service stocks a large range of tyres including leading brands such as Michelin, Goodyear and Pirelli.
Penkridge Tyre & Exhaust Service has an outstanding reputation and is extremely well known locally, with a strong online presence. The customer reviews include comments stating ‘The most amazing level of service along with terrific value, I will never go anywhere else. Well done guys’ and ‘I won't take my car anywhere else. They are so helpful and friendly and I always get fantastic service at a really good price.’
Our clients are offering a hand over period to ensure the continued success of the business.
Reasons to buy -
- Extremely knowledgeable staff member, considered a huge asset to the company by the current owners
- Well known
- Excellent reputation
- Low overhead with affordable rent term
- Handover period offered
- Good online presence with very informative website
- High quality assets included in the sale
- Turnkey business
The sale of the business includes the equiptment and the following -
- Office furniture
- Card reader
- Tyre shelving
- Balancer
- Tyre bay
- Trolly Jacks
- Drills
- Compressor
- Diagnostics machine
- Website
Location
Penkridge is a highly populated area, with fantastic road connections. The town centre is just a short walk from the business. Running through the town centre is the A449, this road connects Stafford and Wolverhampton. The business is just a short drive from the M6 motorway which runs across the country.
This is a lovely area to live and work as there is a beautiful canal just 2 minutes away. Around the area are several bus stops and in the town is Penkridge train station, giving this area great public transport links.
Premises
The garage consists of 2 units on Boscomoor Lane. The frontage has excellent eye-catching signage with ample parking. As you can see from the photos, the garage is well presented throughout.
Service area - With 2 fixed 2 post ramps, workstations, and tool storage.
Tyre bay - With ample tyre storage and fixed 2 post ramps.
Office and reception - WC.
Security - The business is secured with a metal roller shutters and door coverings.
Tenure
We are advised that the business is being sold on a Leasehold basis, with the landlord happy to negotiate a new lease with a buyer, subject to negotiation and approval. The rent is £936 per month.
Hours
The business hours are -
Monday – 08:00 – 17:30
Tuesday – 08:00 – 17:30
Wednesday– 08:00 – 17:30
Thursday – 08:00 – 17:30
Friday – 08:00 – 17:30
Saturday – 08:00 – 12:00
Sunday - Closed
Staff
We are advised that the business is run and managed by the 2 owners, with the help of 1 other full-time staff member.
Financial Profile
We are advised as per the 2021 accounts, the business generated a turnover in the region of £233,000, with an adjusted net profit in the region of £77,000. Full financials can be made available upon further request.
Please quote reference B06890
Contact Agent
Listing Statistics
Contact the seller for more details, or book a viewing
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Contact seller
Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
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