Tyre and Exhaust Businesses for sale in Banbury

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Established Tyre Fitting Specialist in Oxfordshire

Banbury, Oxfordshire, England

  • Leasehold Price: £90,000  Price Reduced arrow_drop_down
  • Annual Turnover: £295,195
  • Annual Gross Profit: £62,368
Seller Reference: 6051
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Business Description
 
 
 
 
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Seller Reference: 6051
Request Details
Business Description
Trading On Thorpe Place Since 1987
Latest Accounts To 30 April 2018
Annual Turnover £295,195
Gross Profit £62,368
Accounts Available After Viewing
Large Base of Repeat Customers
Well Linked With The M40
Close to Warwick and Coventry
Retirement Sale
Free Parking Directly Outside
REF 6051 – Leasehold Tyre Fitting Specialist

Blacks Brokers are proud to bring to the market this leasehold tyre fitting specialists located in the busy and much sought-after area of Banbury, Oxfordshire.

INTRODUCTION

Edgwick Tyres has been trading on Thorpe Place since 1987 with our client in ownership since 1997. During this time, the business has grown into a busy and thriving specialist with a large base of repeat customers and has firmly established itself within the local community and this sector. The business offers a high level of service to all its customers and prides itself on being approved by The National Tyre Distributors, National Fleet, Independent Tyre Distributors Network and Tyre Business Solutions. Edgwick Tyres also stocks all of the major tyre manufacturing brands such as Continental, Pirelli, Good Year, Dunlop, Michelin, Firestone etc. A full list of which can be found on the businesses website edgwicktyres.co.uk. The business offers a variety of other services as well as tyre changes such as; puncture repairs, balancing and tracking, servicing,tyre re-grooving and free safety and pressure checks.

LOCATION

Located on a medium sized industrial estate in Banbury, North Oxfordshire. Well linked with the M40 and close to Warwick and Coventry. This is a popular commercial area and the location has plenty of parking.

REASON FOR SALE

Edgwick Tyres is only being offered for sale due to our client’s retirement.

LEASE

The building is available on a competitive rent on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial property lease. The current lease is a rolling lease at a cost of £259 per week.

BUILDING LAYOUT AND DESIGN

Edgwick Tyres is housed within a single storey light industrial unit which is approximately 1,500 square feet in size. The property has high roller shutter doors to the left and a customer reception entrance to the right.
The premises comprises of a large, open plan, workshop which is fully equipped and well presented. There is a private office and reception area to the right. Behind the office is a staff toilet facility and a kitchen area. There is a small mezzanine floor above the office and toilet used for storage.
Ample free parking is available to the front with 3 to 4 designated spaces.

STAFF

Edgwick Tyres is currently operating with two members of full-time staff in employment.

FINANCIAL DETAILS

Financial details are available upon a viewing of the business and Edgwick Tyres has traded solidly over its trading history. The business generates an annual turnover of £275,590 with gross profit of £62,368.

SUMMARY

Edgwick Tyres is an excellent opportunity to acquire a well renowned, long established and profitable tyre fitting business in Banbury, North Oxfordshire with a regular and loyal client base. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. It may also be of interest to a similar business looking for expansion in this area. Early viewings are strongly advised. Fixtures:
2 Poster Ramp

2 Tyre Changers

Wheel Balancer

Compressor
Trading hours:
MON - FRI: 08:30 - 17:30 SAT: 08:30 - 12:30 SUN: CLOSED
Tenure:
Leasehold
Location Details:
Banbury
Leasehold Term:
£259 Per Week
Downloadable Documents:
Listed by:
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