Established Spare Parts Supplier Business in Shrewsbury Shropshire up for Sale
Shrewsbury, Shropshire
- Status
FOR SALE
- Date Submitted:
14/08/23
- Advert ID
518077
- Reference
13725_H / Rightbiz
- Call Agent:
- Leasehold: £95,000
- Turnover: £520,000 (£10,000 Per week)
- Net Profit: Not Applicable
Business Details
Respected & Well Stocked Spare Parts Supplier
BusinessThe business has been established for over thirty years and has many regular customers and is well known and respected in the area.
The current owner is selling albeit reluctantly because he wishes to pursue other business interests.
The business premises are crammed to the rafters with spares of all kinds for cars and trucks from service items, filters, oils, batteries, brake linings, hoses, electrical components, polishes, aerosol paints, gas canister, hi-vis safety gear and tools.
The business specialises in accessories for all types of car and truck and has an eBay shop which posts items out all over the country.
Scope to improve
E-commerce website
Advertising and marketing campaign
Maximise the use of social media
Merchandise the store and modernise the retail shop
Increase the signage from main road
Location
J.J Truck Parts Ltd is located in Wem, Shrewsbury, Shropshire.
Wem is a small market town in Shropshire, it lies nine miles to the north of Shropshire’s county town of Shrewsbury and sits on the rail line between that town and Crewe in Cheshire.
Wem is a vibrant town that prides itself on its selection of independent shops offering both residents and visitors alike a warm welcome, friendly service and a diverse range of products.
The business is situated just on the outskirts of the town in a detached position with lots of free parking immediately outside. The business is well signed and presented in good order.
Premises
The business is situated in a generous sized building.
Reception
Double doors to front, door to office, sales area with perimeter shelving and hook space for hanging and bagged items.
Office
Generously proportioned, dual aspect with windows to front and side, perimeter shelving and room for four desks and filing cabinets.
Shop
Pitched roof with skylights and fluorescent lighting, large retail space mainly laid out to Dexion type shelving and flooring displays, hooks for hanging and bagged items, bespoke timber counter with generous wrapping area, window to side.
Kitchen Area
With Belfast sink and Santon water heaters, space for fridge toaster and microwave oven, with a run of worktop.
Lean to
To the side of the main shop and accessed via double doors from the shop and also at the front is a generous sized lean to of corrugated iron construction and ideal for unloading deliveries, perimeter shelving and ample storage space for delivery cages.
Tenure
We are advised the business is being sold as a Leasehold.
The business is currently on a monthly rolling lease but the landlord we are told would be happy to provide a new lease for a new owner.
There are no business rates payable currently.
Hours
Opening hours
Monday to Friday 8am – 6pm
Saturday 8am – 1pm
Sunday Closed
Staff
The owner manages the business with the help of three full time members of staff.
Financial Profile
The vendor has stated a turnover in the region of £520,000 per annum. Price is plus stock at value but stock is negotiable.
Contact Agent
Listing Statistics
Contact the seller for more details, or book a viewing
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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.
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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.'.
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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.
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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.
Be safe, use a Rightbiz Solicitor
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