Business description

The business operates from a small manufacturing centre within the UK and promotes through a wide distribution network in the UK, Ireland, Spain,Germany, France and Netherlands.

The product range is unique and well established with most parts now sourced locally from within the united kingdom.

The garage workshop automotive market in Europe is one of the largest markets in the world and provides many further opportunities for growth expansion as well as cost saving reductions on material components.

The business would suit a group as a bolt on acquisition already providing tools or equipment to the garage automotive sector or an existing industrial products manufacturer/distributor, or an investor who wants to become active on a daily basis or manage the business from a senior level.

The business employs a small team of highly commited and focused individuals.

Property information

Property:

Leasehold

Lease terms:

three years

Leasehold rent:

£12,000 per annum

Location:

located close to the main north south motorway with excellent on and off ramps,
fifteen minutes to the Port of Tyne Quay and fifteen minutes from Newcastle Airport.

Premises details:

Modern warehouse building with large gas heating capability and seperate office fully furnished.
Warehouse has capacity to accommodate additional businesses or product storage.

Other information

Expansion potential:

The business is positioned to go to the next level and provides excellent opportunities for expansion into more european markets both in new sales and service repairs.
The brand is internationally recognised and draws on many years of acceptable service.

Competition / Market:

The business has limited global competition as it provides a unique method for use within small garage workshops. The product has been accepted for use by various road side authorities and is distributed throughout many automotive parts outlets.

Support & training:

Technical support and business training can be provided by the owner

Reasons for selling:

The business needs to progress to the next stage and the care and guidance required to develop that growth can not be provided in total from the current owner who currently resides overseas.

Trading hours:

Mon-Fri business working hours

Owner financing:

Owner financing is available. Please contact the seller for more information.

Financing available:

initial deposit then finance provided over an agreed period of time on a monthly or quarterly basis or percentage of ownership, with an option to fully purchase at a later stage.