Asking price: £295,000

Sales revenue: £1,287,000

Net profit: Undisclosed

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
Advent Business Sales are pleased to offer to the market this extremely well established truck and bus parts wholesaler, which has been trading successfully since 1979.

The current vendor has been in constant ownership and is reluctantly selling due to retirement plans.

The business supplies parts such as steering, suspension and lighting to customers supplying truck and bus manufacturers and repair garages.

Many of the products offered are exclusively produced for the company, giving a better return of profits.

The company has a UK customer data base of over 350, most of which order either by fax or telephone.

As well as the UK, the company has a thriving export business to 9 different countries.

One of the companies main selling tools is their website, which is regularly upgraded with products. It is at present being reviewed and regularly adds 150 to 200 new parts per year.
Part suppliers are usually either based in Portugal, Italy, Turkey or Germany as well as the UK.

As more and more companies feel the pinch of a recessive economy, the care and maintenance of their lorry and bus fleets and extension of their working life, grows in importance as opposed to buying new replacement vehicles. Because of this and also careful selection of products on offer, the company has seen an ever increasing turnover, a fact that the directors have capitalised on. Recent accounts show turnover above projected figures, proving the company’s viability.

We are advised that stock at cost is approximately £200,000.
The owner has informed us that the is the option to purchase the freehold.
REF: 9186ST

Employees: The business employs 5 full time and 3 part time employees as well as the two directors

Trading hours: Mon-Fri: 8.30am – 5pm

Property: Leasehold

Lease terms
TENURE: Leasehold Option to purchase Freehold Original lease: 6 years Remaining lease: 6 years Review every: 3 years Rent: £16,500 P.A. We are advised that the annual business rates are currently: £1,968

Location
Our client’s truck and bus parts wholesale business is conveniently located on a main road out of the centre of a major town in Staffordshire.

The area has excellent major roads and is close to the M6 motorway giving customers ease of access and allowing the company ease of distribution.

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