Derby Japanese Retail & Trade Motor Factors Business For Sale

Business description

Business Details
The particular highlights of the business are:
- A well established business.
- Good loyal clientele.
- Fully equipped business with favorable lease terms (see below).
- Turnover in excess of £130,000 with a net profit of £56,000 (see financial summary below).
- A business with great potential.
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business.
- Low rent and rates.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation.
- The concern provides new and used parts of all Japanese car manufacturers as well as service fitting and repairs.

History
Agents are delighted to place onto the market this Japanese Retail & Trade Motor Factors in Derby which has been established since 2006. The business has been in the hands of the current owner since 2006 and he now wishes to sell due to wanting to concentrate on other business interests.

Services
This very good business opportunity provides used parts for all Japanese car manufacturers as well as service fitting and repairs.

Staffing
The concern employs 2 full time staff.

Owners Role
The owner is involved in the day to day running of the business.

Marketing
No marketing or promoting of the business has recently been undertaken as the business is well known.

Competition
There is no local competition.

Market
The client base consists of local and commercial trade.

Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings including local and internet advertising.
• Becoming more efficient with staffing levels.
• Working more hands on hours and saving on wages.
• With the introduction of a website and e-commerce.

Training and Handover
The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The owner would also be happy for an on the job observation period to assess the business prior to offers being made.

Property Details
The property is terraced, part of a small and well presented industrial estate. There are electric shutters. The main customer service area is carpeted. It is very well presented and is very conveniently laid out.

To the rear is an extensive and professionally organized store room. There is a toilet and staff facilities.

Equipment with sale
All fixtures, fittings and equipment are included in the sale price and are valued at £5,000.

Financial Details
The present annual turnover is £140,000 and a net profit of £56,000. The wages are £13,200 pa. The present value of the stock is £70,000.
The potential turnover of the business within the next 2 years is forecast to reach £210,000 pa given the changes that are required to be made to the business. Full financial disclosure is available on request after viewings and the signing of a confidentiality agreement.
Please note we do not guarantee the accuracy of these figures which are in many cases estimated and are not verified. Please do not rely on the accuracy of these figures and seek professional help before making any offers. We will not be held liable for any inaccuracies in these figures or any other statements contained in relation to this business.

Disclaimer
These details do not constitute part of an offer or contract.
The statements and descriptions given are made without warranties by us who it should be noted have NOT verified the information provided.

Purchasers should in all cases undertake financial due diligence using their own professional advisors before committing themselves in contract rather than relying on illustrations ,figures and information given on behalf of the seller.

Property information

Property:

Leasehold

Lease terms:

The original length of the lease was 3 years with 3 years remaining. The rent is £8,160 pa with a review in 2013. The lease may be renewable or negotiable for longer term if required. The rates are £1,900.

Leasehold rent:

£8,160 pa per annum

Location:

- Situated near the Pride Park area of Derby.
- Prominent location on main arterial road.
- Part of a small and well presented industrial estate.
- Excellent free parking facilities.
- Surrounded by a densely populated residential area with schools and other local amenities.
- High levels of passing trade.
- Good volumes of traffic.
- A Commercially thriving area.
- Well linked with the A514, A6, A38, A52 and M1 junction 25.
- Derby town centre, Nottingham and Burton-on-Trent all lie close by.
- Area enjoying much growth and re generation.
- A lifestyle area.
- Excellent local demographics for this type of area.

Premises details:

The property is terraced, part of a small and well presented industrial estate. There are electric shutters. The main customer service area is carpeted. It is very well presented and is very conveniently laid out.

To the rear is an extensive and professionally organized store room. There is a toilet and staff facilities.

Other information

Expansion potential:

The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings including local and internet advertising.
• Becoming more efficient with staffing levels.
• Working more hands on hours and saving on wages.
• With the introduction of a website and e-commerce.

Competition / Market:

There is no local competition.

Support & training:

The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The owner would also be happy for an on the job observation period to assess the business prior to offers being made.

Reasons for selling:

Owner wishes to sell due to wanting to concentrate on other business interests.

Trading hours:

Monday to Friday: 9.00 am – 7.00 pm.
Saturday: 9.00 am – 3.00 pm.
Sunday: Closed.

Furniture / Fixtures value:

£5,000 (included in the asking price)

Inventory / Stock value:

£70,000