Leasehold car parts supplier Parrs Motor Spares Limited for sale in Northampton
Northampton, NorthamptonshireEst. 69 years
- Status
UNDER OFFER
- Advert ID
659489
- Reference
B07381 / Rightbiz
- Call Agent:
- Leasehold: £150,000
- Turnover: £376,000 (£7,231 per week)
- Profit: £39,846
Business Details
Leasehold Extremely well established car parts and accessories supplier for sale
BusinessPlease quote reference B07381
CoGoGo is thrilled to present Parrs Motor Spares Limited to the market, Northampton's premier car parts and accessories supplier with a rich history dating back to 1957.
Parrs Motor Spares Limited has been under the expert management of our clients since 1985, building an impeccable reputation and a dedicated customer base. The business's popularity is evident from its glowing online reviews and ratings, making it a trusted name in the region.
Now available due to our clients' desire to retire this is a unique opportunity to acquire a highly respected business. Parrs Motor Spares Limited is renowned for providing top-quality automotive parts and accessories, coupled up with exceptional service and support that consistently exceed customer expectations. The extensive product range is available both in-store and online, with efficient delivery to local garages, body shops, and individual customers.
Included in the sale are lucrative contracts with blue-chip companies on 30-day credit terms, as well as numerous customers on a cash-on-delivery basis. The business enjoys excellent online visibility bolstered by reviews such as:
- '' Old School store, friendly staff and highly recommended''
- '' Excellent place to buy parts with A1 service''
- '' Extremely helpful, they go the extra mile very good prices''
- Established Reputation - A well-established business with a stellar reputation and a loyal customer base.
- Seamless Transition - The current owner is willing to provide a handover period to ensure a smooth transition and continued success.
- Prime Location - Situated on a main road with high visibility and significant passing trade.
- Versatile Ownership - Ideal for owner-managers, partnerships, or as an expansion opportunity for existing businesses.
- Enhanced Marketing - Implement an advertising and marketing campaign.
- Social Media - Maximise the use of social media platforms.
- Extended Hours - Increase opening hours, including weekends, to meet customer demand.
- Website Upgrade - Enhance the website and invest in SEO and PPC to drive more traffic.
- eBay Presence - Consider opening an eBay store.
- Loyalty Program - Introduce a customer loyalty card or scheme.
Don't miss this exceptional opportunity to own a piece of Northampton's automotive history with a bright future ahead.
Location
Parrs Motor Spares Limited, situated on Weedon Road in Northampton, boasts a well-presented and meticulously maintained facility. Its distinctive green and white livery and clear, visible signage make it easily recognisable.
Premises
Step into a prime business location designed for success! The premises boasts an unbeatable setup, perfect for trade. Customers will love the convenience of free, shared parking right outside, accommodating up to 24 cars.
Accessibility is a top priority with a welcoming ramp and double doors providing easy entry for everyone. Inside, there's a fully equipped disabled staff restroom, along with a cozy kitchen area featuring a fridge, microwave, and facilities for tea and coffee.
For the tech-savvy, they have recently upgraded to the lasted VoIP internet phones, replacing their old NEC phone system. This new system includes four phones and offers greater versatility while saving the business £1,200 annually.
Located on a bustling main road, this spot attracts high foot traffic and plenty of passing trade, giving the business maximum visibility and potential.
Safety and security are paramount, with an intruder alarm, smoke alarms, and a comprehensive CCTV system with both internal and external cameras.
Tenure
We are advised that the business is being sold on a leasehold basis, with the current lease due to expire in 2037. The rent for the new buyer will be £14,000 per annum.
We are advised the lease can be open to negotiation.
Hours
The current trading hours are -
Monday to Friday – 8:30am – 4:00pm
Saturday & Sunday - Closed
Staff
We are advised that the business is run and managed by our client, with the help of 1 full-time and 1 part-time members of staff.
Financial Profile
We are advised as per the 2024 accounts; the business generated a turnover in the region of £376,000. Further financials can be made available upon request.
The business has seen impressive year on year growth over the last few years.
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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.'.
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.
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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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