For Sale
Well established Car Services business for sale
Stafford, Staffordshire
- Asking Price: £160,000 +SAV
-
Turnover:
We are advised as per the 2021 accounts, the business generated a turnover in the region of £233,000, with an adjusted net profit in the region of £77,000. Full financials can be made available upon further request.
Please quote reference B06890
- Tenure: Leasehold
Please quote reference B06890
Hilton Smythe welcomes to the market Penkridge Tyre & Exhaust Service located at Boscomoor Industrial Estate. Our clients have run the business for over 27 years, though the business has been a real labour of love for them, they are now heading for their well-deserved retirement.
The garage offers a range of services including tyres, wheel balancing, parts, brakes, exhaust work, engine diagnostic and servicing to name a few. Penkridge Tyre & Exhaust Service stocks a large range of tyres including leading brands such as Michelin, Goodyear and Pirelli.
Penkridge Tyre & Exhaust Service has an outstanding reputation and is extremely well known locally, with a strong online presence. The customer reviews include comments stating ‘The most amazing level of service along with terrific value, I will never go anywhere else. Well done guys’ and ‘I won't take my car anywhere else. They are so helpful and friendly and I always get fantastic service at a really good price.’
Our clients are offering a hand over period to ensure the continued success of the business.
Reasons to buy -
- Extremely knowledgeable staff member, considered a huge asset to the company by the current owners
- Well known
- Excellent reputation
- Low overhead with affordable rent term
- Handover period offered
- Good online presence with very informative website
- High quality assets included in the sale
- Turnkey business
The sale of the business includes the equiptment and the following -
- Office furniture
- Card reader
- Tyre shelving
- Balancer
- Tyre bay
- Trolly Jacks
- Drills
- Compressor
- Diagnostics machine
- Website
We are advised that the business is run and managed by the 2 owners, with the help of 1 other full-time staff member.
The business hours are -
Monday – 08:00 – 17:30
Tuesday – 08:00 – 17:30
Wednesday– 08:00 – 17:30
Thursday – 08:00 – 17:30
Friday – 08:00 – 17:30
Saturday – 08:00 – 12:00
Sunday - Closed
Penkridge is a highly populated area, with fantastic road connections. The town centre is just a short walk from the business. Running through the town centre is the A449, this road connects Stafford and Wolverhampton. The business is just a short drive from the M6 motorway which runs across the country.
This is a lovely area to live and work as there is a beautiful canal just 2 minutes away. Around the area are several bus stops and in the town is Penkridge train station, giving this area great public transport links.
The garage consists of 2 units on Boscomoor Lane. The frontage has excellent eye-catching signage with ample parking. As you can see from the photos, the garage is well presented throughout.
Service area - With 2 fixed 2 post ramps, workstations, and tool storage.
Tyre bay - With ample tyre storage and fixed 2 post ramps.
Office and reception - WC.
Security - The business is secured with a metal roller shutters and door coverings.
Tenure
We are advised that the business is being sold on a Leasehold basis, with the landlord happy to negotiate a new lease with a buyer, subject to negotiation and approval. The rent is £936 per month.
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Hilton Smythe have their very own independent commercial finance broker Hilton Smythe Finance who can help with raising the money to buy your new business.
Representative Example
Borrowing £7,500 over 4 years with a representative APR of 27.4%, an annual interest rate of 27.4% (Fixed) and a deposit of £0.00, the amount payable would be £246.43 per month, with a total cost of credit of £4,328.83 and a total amount payable of £11,828.83
Rates may differ as they are dependent on individual circumstances. Subject to status.
