Hilton Smythe is delighted to introduce to the market Larry`s Tyres Exhausts and MOT Centre.
The garage is one of the largest tyre and exhhaust suppliers in the area, giving this the edge on competitors. Originally established in 1989 by our client, the garage has built up a brilliant loyal client base over the 26 years.
Our client is now looking to sell the business due to the desire for retirement. We believe the owner has done a fantastic job working hard running the business, building up a well known profitiable garage.
The garage currently offers MOT’s, repairs, exhaust tests, diagnostics, clutches, tyres both new and part worn. They deliver a service for as little as £59.95 they also provide a free MOT with this. Larrys provides a pick up and delivery service for customers wanting to send their vehicles in for repair. The garage has a website http://larrystyresandexhausts.co.uk/ this has information about the business and also services on offer, there is a price list online.
The advised turnover for the business is currently a healthy £278,582 with a gross profit of 44%. Although already highly profitable the business has been run at a steady pace to suit our client, and could be increased with a determined new owner.
We have been informed that the current owner did at one point offer a 24 hour recovery service and mobile tyre repair for local businesses in the area. They also specialised in body work and car sales. These services are no longer offered but this could be looked into by the new owner, therefore a chance to increase turnover massively.
The garage is well known for its great prices and service in the area, generating a huge amount of word of mouth trade.
Our client would also look into a leasehold option which is negotiable on interest. This is a fantastic opportunity for a new owner looking to run an already profitable business. Our client would also be willing to offer a handover period to the buyer. Therefore we highly advise early viewing.
Larry`s Tyres Exhausts and MOT Centre is situated on a large plot in Wombwell Barnsley, South Yorkshire. Located in a cul-de-sac the business is surrounded by many independent businesses. The garage is just a 2 minute walk from the main high street.
The high street in Wombwell is within the large town centre. In the area are many eateries, clothing stores, jewellers, card shops and also a Tesco Express and ensures good footfall. This is a great area for a garage as customers can easily leave there vehicle at the garage to be repaired, whilst waiting they are able to do some shopping or just simply admire the area.
The area is served by the public transport system, with bus stops within easy walking distance. There are several stops on the main road, such as Barnsley town and continues to other towns Blacker Hill, Brampton, Darfield. All of which are within just a short driving distance due to the fantastic road links.
Surrounding Wombwell are many major A roads such as the A6195 and A635.
The 2 storey brick built property is set on a large plot. The premise is a detached garage which is purpose built for the trade. The property is well secured with CCTV surveillance, and is within a securely fenced compound.
The main office reception area is a generous size and has a counter for greeting customers. Just off the reception is a small office and toilet for staff.
The tyre bay which is adjoining the office, is well equipped for the trade and all equipment is included in the sale. This includes two auto tyre machines and a wheel balancing machine. On the ground floor is also a small tyre storage area and a kitchen/washroom.
The first floor is a purpose fitted tyre store room with a secondary storeroom and a shelved storeroom which is currently used for parts and accessories.
Next to the main office is a twin bay single storey brick built workshop with 2 two post ramps.
There is also a detached twin MOT bay, this includes the following equipment-
1 x Two post ramp
1 x Four post ramp
Single phase and a 3 phase compressor.
The sale also comes with a great selection of diagnostic equipment.
The business comes fully equipped with a computerised MOT office.
The external of the property includes-
Adequate parking facilities
Oil storage unit
Outside twin bay with 2 x two post ramps with an overhead canopy
There is also off road parking for vehicles awaiting repair.
We are advised the business is freehold.
A leasehold option would be considered in the region of £125,000. This is to be negotiated with our sales department on request.
The business opens:-
The business is run and managed by the owner with the assistance of 4 full time mechanics including 2 MOT testers.
The business reports a turnover of £278,582 per annum
With a gross profit of 44%
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