Profitable West Sussex Coast Tyre And Battery Centre For Sale

Business description

Situated just off the Sea Front in premises which have been associated with the motor trader for over 50 years and originally a small garage with pavement petrol pumps, the business was converted to its current usage of a thriving Discount Tyre and Battery Centre well over 25 years ago where our client, who now wishes to retire, had previously been the Manager and took over as Proprietor in 1986. Although obviously not the only business of its type in the area, it is one of only two within the confines of this popular and thriving West Sussex Coastal Town and is probably the longest established. The terraced, open fronted premises are particularly suitable for the trade offering a drive-through facility enabling easy access and exit for customers. A wide selection of tyres are offered with all leading brands available over night with the Centre currently appointed as an official Toyo Kumho dealer. In addition to tyre fitting, puncture repairs and wheel balancing are carried out with a free tyre check and advice service provided and a selection of alloy wheels are also offered for sale. Our client operates the business with one full time tyre fitter employed with the availability of casual staff as and when required. All trading transactions are held on computer records which are instantly available and right up to date.

Retailing a full range of tyres and batteries, alloy wheels, together with tyre repair, wheel balancing and wheel alignment services plus free Katana battery test facility. We are advised by our client that sales for the 12 months trading up to the end March 2012 amounted to approximately £168,000 net of VAT and gross profits in the near region of 40% are being achieved as confirmed in Certified Trading Accounts which will be available to support the trade historically. Current takings of circa £11,000/12,000 per month are around 25% lower that 12 months ago due to heavy discounting from the other competitor in the town and this fact has been taken fully into account in setting the now much reduced asking price of the business. On current performances, and having discussed current expenditure with our client, we calculate that a new actively involved owner employing the fitter and perhaps some casual staff, could produce clear net profits in the region of £25,000 per annum.

Property information

Property:

Leasehold

Lease terms:

The premises are held under an internally decorating only lease dated 20th July 2005 for a term of 12 years, subject to 3 yearly rent reviews, and the rental for the 3 year period commencing January 2012 is most favourable at £10,000 per annum.

Leasehold rent:

£10,000 per annum

Premises details:

THE OPEN FRONTED PREMISES: Having a bold 20’ frontage enclosed by sliding glass doors, has an overall depth of some 70’ and provides a workshop, office and cloakroom area of around 1,500 square feet in total. Equipment noted during our visit includes an electrically operated ramp, Corghi computerised wheel balancing machine and Corghi tyre remover/fitting machine, four hydraulic jacks, wheel alignment equipment etc. Composition flooring, fluorescent strip lighting and CCTV installed. A 2002 registered Suzuki van is included as part of the inventory of equipment. There is a small office with computer and sink unit, small partitioned seating area with bench and staff cloakroom with hand basin and w.c. An improvement/upgrade to these facilities would, in our view, be beneficial to the business. Metal roller exit doors to the rear, leading on to a cul-de-sac providing vehicular exit.

Energy Performance Rating:

B

Business Operation

Trading hours:

The business is presently operated by our client who employs one full time tyre fitter plus casual part time staff as required.

Employees:

Open from 8.30 a.m. to 5.30 p.m. Monday to Saturday, closed Sundays.

Other information

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