Business
Please quote reference B06890

CoGoGo 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

This is a fantastic opportunity to acquire an extremely well established business with a huge customer base and outstanding reputation. Early viewings are highly recommended.

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