***Potential to sell as an empty property***
Hilton Smythe welcomes to the market Wheelspeed, a name synonymous with the area having been established by our client in 1967.
Our client is now looking forward to a long-earned retirement.
Wheelspeed deal in an extensive range of vehicle parts, motor accessories and tools. If they haven’t got it, they can probably get it for you.
The premises have an extensive warehouse behind the main shop floor and the staff have extensive knowledge of their products.
Being established in 1967 there are many repeat customers from the town and surrounding villages, the business is being sold with the website.
Although the business has been established a long time there’s still scope for development by considering,
1. Introduce social media pages for on line promotion
2. Consider a change of layout of the premises giving a larger show room area
3. Extend opening hours to Sundays
4. Revamp current website to an ecommerce site
5. Extend on line sales to across the country
6. Re introduce repairs of bicycles and lawn mowers
Hilton Smythe highly advise early viewing to avoid disappointment.Location
Wheelspeed is located in the middle of town in Fakenham, Norfolk.
Fakenham is a market town with a population of circa 8,000, plus the town is growing with further development of housing and has a steady stream of visitors throughout the year. Fakenham serves many surrounding villages.
Wheelspeed is located opposite a major car park, therefore, is well positioned also benefits from having its own customer parking.Premises
To the front of the premises is a car park for several vehicles.
The main showroom is made up of 6 display aisles with further displays around the outer walls.
The service counter has till, and a door behind leading to the stores.
The vast stores have several aisles of stock.Tenure
We are advised the business is being sold as a Freehold business opportunity.Hours
The business opening hours:
Monday to Friday 9.30am to 5:00pm
Saturday 9.30am to 4:00pm
The opening hours could be extended to open earlier in the day and also on Sundays.
The hours are such as to suit our client.Staff
The business is run and managed by our client and family members.Financial Profile
Wheelspeed generated an advised turnover of circa £77421 as of the 2017 accounts, with a gross profit of 57%.