Tyre and Exhaust Businesses for sale in Penzance

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Adam Warren (Jan 2017)
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Leasehold Price: £123,000 Turnover: £500,000
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Business Description
Business
Hilton Smythe welcomes to the market Andy’s Tyres.

The business was established by our clients in 2012. Only now is the business being offered to the market, due to our clients' desire for a new venture. The business is currently open 5½ days per week, as well as offering an out of hours call out service, generating a turnover in the region of £500,000 per annum, with a Net profit of approximately £60,000.

The business has built up an excellent reputation within the area and further afield for the high quality of the services offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations.

We feel there is scope to increase the turnover by increasing the commercial and contract work. A new owner could also embark on a marketing campaign to promote the business or add roadside assistance to the services offered. The business has an excellent website in place to advertise the business at www.tyrequote.com

This is an excellent opportunity to acquire a well-established and very busy tyre changing business, which is in a prime trading location; therefore, early discussions with Hilton Smythe must come highly recommended to avoid disappointment.

Location
Hilton Smythe is delighted to welcome to the market this busy vehicle tyre changing business, which is in a prime trading location in Penzance, Cornwall.

Andy’s Tyres is ideally located on the well established Rospeath Industrial Estate, just off the A30.

Penzance is a town, civil parish and port in Cornwall. It is the most westerly major town in Cornwall and is about 75 miles west of Plymouth and 300 miles west-southwest of London.

Premises

Substantial lock-up industrial premises in a prime location, briefly comprising:
garage with:

Space to work on more than one vehicle
Ramps
2 Tyre changing equipment for all wheel sizes.
Top of the range wheel balancer machines.
Large stock of tyres.
Full range of tyre changing and balancing equipment.
Office located on Mezzanine

Tenure

We are advised the business is being sold as a Leasehold on a rolling lease arrangement with an all inclusive rent of £1000 per month.

Hours
The business opens:-

Monday to Friday 8.30am to 5.30pm
Saturday 8.30am to 2.00pm
Sunday Closed

Staff
The business is managed and run by our client, with the assistance of 5 full time members of staff.

Financial Profile
The business generated an advised turnover of circa £500,000 as of the 2016 accounts, with a net profit of £60,000.

Tenure: Leasehold

Listed by: Hilton Smythe

Find out more about this business opportunity.

 
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14704 A
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