16-Year-Old Alloy Wheel Repair Business in Reading Berkshire Seeks New Owner
Reading, Berkshire
- Status
WITHDRAWN
- Advert ID
629622
- Reference
B08727 / Rightbiz
- Call Agent:
- Leasehold: £69,995
- Turnover: £65,000 (£1,250 per week)
- Profit: £30,000 (47% Profit margin)
Business Details
Smooth Operator Wanted – Take Over This Sleek Repair Business!
BusinessPlease quote reference B08727
CoGoGo wants you to rev up your business portfolio with this dynamic alloy wheel repair enterprise, boasting 16 years of hands-on expertise.Â
Renowned for its top-tier service and a loyal customer base, this venture is primed for a new owner to steer it into its next chapter. The current owner is retiring, presenting a golden opportunity for an enthusiastic entrepreneur to take the wheel.
Strategically situated in Reading, this business benefits from a bustling locale with high visibility and easy accessibility. The premises are well-placed to attract both local and passing trade, ensuring a steady flow of customers.
Operating as a sole trader, the business specialises in alloy wheel repairs, including diamond cutting and refurbishments. With a strong online presence and a reputation for excellence, it has cultivated a robust client base. The absence of additional staff means lower overheads and the potential for increased profitability under new management.​
The leasehold premises encompass both ground and upper floors. The upstairs area is currently sublet, generating an additional income stream. The workshop is fully equipped to handle a variety of alloy wheel repairs, ensuring a turnkey operation for the incoming owner.​
Key Selling Points:
- Established reputation with 16 years in the industry.
- Profitable subletting arrangement reducing net rent.
- Fully equipped workshop ready for immediate operation
- Opportunity for growth by expanding services or hiring staff.
Location
Silverims is located at Unit C8, Weldale St, Reading RG1 7BX.
Premises
The leasehold property includes both the ground floor and the upper level. The upper floor is presently sublet, providing a supplementary monthly income of £500. The workshop comes fully fitted with all the necessary equipment for a wide range of alloy wheel repairs, making it ready for immediate use by the new owner.
Tenure
The business operates under a 5-year lease, with 1.3 years remaining. The monthly rent is £1,050, inclusive of the sublet upper floor, effectively reducing the net rent to £550 per month.
Hours
The current operating hours are:
Monday to Friday - 9:00 am to 5:00 pm
Saturday - 9:00 am to 12:30 pm
Sunday - Closed
Staff
Our client runs and manages this business.
Financial Profile
Full financials can be made available upon request.
Contact Agent
Listing Statistics
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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.'.
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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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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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