Motor Spares & Accessory Business In Bedfordshire For Sale

Business description

HISTORY

• The business was originally founded over 31 years ago whilst the current vendor has owned it for 6 years, during this time
• He has almost quadrupled turnover by focusing on customer service and stock availability

REASON FOR SALE

• The business is only now being reluctantly offered for sale due to family reasons

PRODUCTS

• The business specialises in the sale of automotive parts, spares and accessories for all car makes and models to both the trade and general public
• The business has extensive stocks which are available for immediate delivery on collection and is able to source almost any part within 24 hours from one of its many suppliers

SERVICES

• The business offers a delivery service to all trade accounts in the surrounding area and include 4 vehicles within the consideration price

CUSTOMERS

• Clients are drawn almost exclusively within the Bedfordshire area with approximately 30% being general retail and 70% trade clients with approximately 50 to 60 active customer accounts and 2 key clients who each take approximately 12% of total sales

STRENGTHS

• An extremely well established business which has been trading for over 31 years and has a current trading history of over 6 years
• High visibility location on a busy arterial road of an affluent area
• Very well presented throughout with a new owner having nothing to do on takeover
• Current annual sales of £409,393 which are growing year on year.









DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967).

An Energy Performance Certificate will be made available upon request of further details where one is required for the business premises

Property information

Property:

Leasehold

Location:

• The business occupies a high visibility location on a main arterial road of an affluent village in Bedfordshire

Premises details:

• High visibility ground floor lock up premises situated on a busy arterial road of an affluent area in Bedfordshire which briefly comprises:
• Twin aspect premises
• Middle entry door into the general retail area
• 3 centre gondolas with fully stocked shelves
• Rear counter and till
• Side racking
• Side w/c and extended stores
• Through from counter to rear office
• W/C
• Further stores
• The premises are fully alarmed
• There are 2 parking spaces at the rear of the premises and a further 4 or 5 can be parked in front of the shop
• Parking is also available free of charge on street nearby

Business Operation

Expansion potential:

• Having its own interactive web site
• Purchasing products which are within the buying group to which it belongs to increase the annual rebate
• Expand the retail area to show more products
• Accept the work offered by 2 local garages which have previously been rejected to ensure other clients service is not jeopardised
• Advertise – the business does none currently
• Have a commission only representative to look for new markets.

Trading hours:

• Mon – Fri: 8am – 6pm
• Sat: 8.30am – 3pm

Employees:

• The business employs 3 full time staff including the vendor and 2 part time who each work approximately 15 hours per week