FREEHOLD TYRE CENTRE, MOT, SERVICE & REPAIR ON HANTS/BERKS BORDER

TYRE CENTRE, MOT, SERVICE & REPAIR ON HANTS/BERKS BORDER


TYRE CENTRE, MOT, SERVICE & REPAIRS FOR
CARS & LIGHT COMMERCIALS
TWIN MOT TESTING BAYS - CLASS IV, V, VII
4,585 SQ FT FREEHOLD PREMISES CLOSE TO M4
ON HAMPSHIRE/BERKSHIRE BORDER
REVENUES FOR YEAR END 31/05/21 - £990,431
WITH GROSS PROFITS OF £526,396 (53%)
PRIVATE SALE

LOCATION:
The business operates from modern premises within an industrial estate amongst a residential area in a sought-after town on the Hampshire/Berkshire border close to the M4 motorway.


BUSINESS:
A profitable, independent business operating for the past 26 years supplying tyres for cars and light commercials. The business has built up a strong, long-term client base offering servicing, vehicle diagnostics, wheel alignment and all mechanical repairs plus Class 4, 5 & 7 MOTs. A vehicle recovery service is also offered. Substantial stock of tyres for most popular cars, light commercial vehicles, campers, caravans, trailers, motorhomes and 4x4's.
The 2,400 sq ft Workshop includes twin, 4-post MOT and wheel alignment bays with the capacity to handle approx. 25 MOT's per day. With a 6m and 6.5m ramps, MOT's for extended camper vans are also undertaken. Four-wheel computerised wheel alignment service also available. An experienced, qualified workforce in place.

BUSINESS PREMISES:
(all sizes are approximate & should be considered 'nominal'.)

The 4,586 sq ft/426 sq m premises comprise

Workshop 60'7"/18.5m x 40'6"/12.3m (2,400 sq ft)
3 x 2-post lifts
2 x 4 post lifts (1 x Rotary (pictured) and 1 x ATT Hymax 5000 lift)
1 x Nussbaum Scissor lift (external)
3 x Hoffmann Megamount tyre changers
Tyre & Lubrication Store 48'9"/14.9m x 11'6"/3.5m
Customer Reception 14'6"/4.4m x 13'7"/4.2m
Stairs to First floor
Mezzanine Tyre & Parts Store 40'/12.3m x 20'/6.2m
Staff Restroom 12'3"/3.8m x 7'9"/2.4m
Office 15'10"/4.8m x 10'/3m

Note: Where items of equipment and appliances are mentioned, no warranty is given or implied as to their operational condition.

OUTSIDE:
External Nussbaum Scissor Lift and parking for 30+ vehicles

TENURE:
Freehold.

RATES:
The rateable value of the business premises is £23,500.
NOTE:
This information has been obtained either from the current rate demand for the property, by telephone from the local authority or by reference to the VOA website. The amount payable is the standard rate for the Rateable Value shown. In some circumstances this may vary, and therefore it is recommended that potential buyers make their own enquiries through the local authority to check the applicable rateable value and whether the rates payable will be the figure quoted above.

SERVICES:
We understand from the vendor that all main services are connected to the property.

TRADE:

Accounts inspected by Adams & Co for the trading year ended 31/05/22 show turnover of £1,092,237 with gross profits of £624,937 (57%). Compared to the previous, lockdown- affected year ended 31/05/21 when turnover of £990,431 and gross profits of £526,396 (53%) were achieved, this reflects the strong fundamentals underpinning this resilient business.
Approximately 50% of turnover comes from servicing and repairs, 40% from tyre sales and fitting and 10% from MOT testing. All figures exclude VAT.

HOURS:
Monday to Friday 8:30am - 6pm
Saturday 8:30am - 1pm
Sunday Closed

STAFF:
The Vendor runs the Customer Reception Desk full time supported by the following staff members:

4 Full time mechanics (all Authorised Examiners)
2 Full time Tyre Fitters
1 Full time Apprentice mechanic
1 Part time Receptionist

STOCK:
The Balance Sheet shows the value of the stock to be £35,000 at 31 May 2022

LEGAL FEES:

Vendors and Buyers each to meet their own legal costs.

COMMENTS:
The vendor has enjoyed building his business to the current level but is now keen to pursue a non-competing business opportunity. His decision has created a valuable, turn-key opportunity for an experienced vehicle service professional or a Regional Group looking to acquire a proven, highly regarded vehicle service and tyre fitting operation. Full financial information will be made available to seriously interested purchasers after they have formally viewed the business.