Tyre and Exhaust Businesses for sale in Luton

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Well Established Tyre Specialist

Luton, England

  • Leasehold Price: £35,000
  • Turnover: £50,000
Seller Reference: B05357
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Business Description
 
 
 
 
 
 
 
 
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Seller Reference: B05357
Request Details
Business Description
Business
Hilton Smythe welcomes to the market Express Tyres, which has been a tyre centre since 2018, but due to other commitments our client needs to sell.  

Express Tyres fits new and part worn tyres and also sells refurbished alloy wheels. They cover all tyre needs including fitting, balancing, puncture repairs and offer a pickup and drop off service. Express Tyres has a large workshop which could be converted into a repair garage, subject to relevant permissions.

Express Tyres is being sold with the website www.expresstyres.org.uk and have 5/5* reviews from 43 reviewers on Google.

There is scope for further development by considering the following:
Adding a repair garage
Creating a social media page to further promote the business
Creation of a marketing/leafletting campaign to promote the business
Ideal for owner/operator to take to the next level

Hilton Smythe highly advise early viewing to avoid disappointment.

Location
Express Tyres is located in Luton, Bedfordshire on the main Dunstable Road, just off M1. Dunstable Road is the main road in and out of Luton to and from the M1, the premises themselves are located close to a highly populated area and just behind a busy parade of shops bringing a high footfall to the area.

The business is clearly marked by its distinctive signage and has ample parking for all customers

Premises
A gated entrance takes you down to the service yard with ample parking and a range of over 1000 tyres in stock.

There is a garage with up and over door for further storage and vehicle access to the main workshop. The workshop has a further pedestrian access at the far end.

The workshop has a waiting room off and racking for tyres.

The business is being sold with 3 x 4.5 tonne jacks, Atlas tyre balancer and tyre machine.

Above the workshop is access to the toilet that is shared with the shop at the front.

Tenure
We are advised the business is being sold as a leasehold business opportunity with a 4 year lease from April 2019. The annual rent is £18,000 and our client informs us that they do not pay business rates.

Hours
Monday - Saturday: 9am – 6pm
Sunday: 10am – 6pm


Staff
The business is run by 2 members of staff. Our client does not work at the premises and an owner/operator would be ideal to take over the business to look to increase revenue by taking the business to the next level

Financial Profile
Express Tyres generates an advised turnover of circa £1,000 per week currently
The assets being sold with the business are worth in the region of £4,000


Tenure:
Leasehold
Listed by:
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