Sold
Popular Car Accessory Business
Denton, Greater Manchester
- Asking Price: £85,000 +SAV
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Turnover:
The business has generated a healthy and consistent turnover of £35,359 per anum which could easily be expanded, through diversification into online trading.
- Tenure: Freehold/Leasehold
Freehold and Leasehold Options
CoGoGo are delighted to introduce Motormate to the market; a motor accessories business which was established by our client over 35 years ago, and is now reluctantly offered for genuine sale as our client wishes to retire.
Motormate offers a large variety of motor accessories ranging from required motoring tools such as oil, wiper blades etc to modification and enhancement products such as wheel trims and season accessories such as flags / merchandise.
Although our client has worked tirelessly to create a fabulous business, with a large volume of repeat custom, there is scope to improve the business and revenue, by diversifying into the hosting of an online ordering and delivery of products. Although the initial investment into a website and web presence would be required the benefit of such would be two-fold; primarily, the business would be able to expand without the need for hefty additional overheads and premises and further the business would be advertised on the internet.
The business is sold as leasehold at £17,000 or the option of freehold at £89,950 and has been sensibly priced for a quick sale, and therefore we would recommend prompt viewing. Freehold has the potential to change business type.
The business is owner run and managed.
Currently the business trades:-
Monday – Friday 09:30 - 17:45
Saturday 09:30 - 17:00
Considering the location of the business the opening hours could be extended slightly to allow for a late night shopping during the week and Sunday opening.
Motormate is ideally located on a bustling retail parade on the busy Reddish Lane, in Denton Greater Manchester. Denton is a small town within the metropolitan borough of Tameside, just 5 miles east of the city of Manchester.
As the business is located on a busy main street, public transport links to the business are excellent with a regular passing bus service and Ryder Brow train station approximately 10 minutes walking distance from the business.
As the business sits alongside several other complimentary businesses, including a bookmakers, food establishments and convenience good store, footfall within the area is naturally high. Ample street parking is available in the vicinity of the premises.
The end terraced, three story premises briefly comprises:-
Entrance form the main road into the main customer retail area, with ample shelving for stock, and service counter leading through to a storage room at the rear of the property.
The first and second floor of the property are currently used for storage and would be ideal either as owner / tenant accommodation, as it currently has a kitchen, well equipped bathroom, large lounge and one good sized bedrooms. Or alternatively, the space could continue to be used for storage for stock and would be an excellent place to hold large amounts of stock for online retail.
Tenure
We are advised Freehold is an option.
Leasehold £17,000 rent £500 per calander month.
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