Total of 18659 firms and businesses for sale today Saturday 11th May 2024
Sold. Retailer Of Motor Spares & Accessories, Cycles & Repairs, Car Audio Products
LISTING DETAILS
Firms For Sale ID:
33169
Vendor reference:
AE058
Vendor website:
BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
£75,000
Turnover / revenue:
£218,772
Net profit / cashflow:
£3,451
Years established:
34
Trading hours:
Monday – Saturday: 9am-6pm
Sunday: 10am-1.30pm
Number of employees:
1
Employees / staffing:
This business is primarily managed by the owner assisted by one further member of staff.
OTHER DETAILS
Reason for selling:
After forty four years the owner has decided to retire due to health problems over the past two years that he feels is inhibiting his performance.
Support and training:
The current owner is happy to remain as long as required to ensure a smooth handover.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
Lease terms:
Leasehold is on a fifteen year renewable council lease with two years remaining. Rent is £16,000 per annum with rates of £7,000
BUSINESS DESCRIPTION
Independent Retailer of Motor Spares & Accessories, Cycles & Repairs, Car Audio Products
Ref.AE058
Location Dagenham, Essex
Asking Price £ 75,000
This business has been under the current ownership since 1969 and is modelled very much in the likeness of Halfords, offering a wide range of car spares and accessories, which include an all vehicle range of general servicing requirements, plus spares, MOT failure requirements, re-finishing goods, audio equipment (including a fitting service) with a very wide range of tools. In addition the business has a cycle department selling new and used cycles with a fully equipped repair service.
Expansion Potential
The business would benefit from a larger exposure on the internet and an introduction to social media networks.
Market / Competition / Non-Competition Agreements
The business does very little in the way of advertising. However, it is a member of A1 Motor Stores, so features on their web pages. A1 Motor Stores is the UK’s premier retail & factor buying group, which gives the business an exclusive area and an advantage over non members that may possibly be competitors.