Well Established Tyre & Exhaust Centre
- Asking Price: £96,000 +SAV
The accounting information shows a turnover of £311,725 for the year ending March 31st, 2020 with a gross profit of £105,108.
According to the VOA website the current rateable value for Oldbury is £12,750 with rates payable of £6,480 per annum.
Please quote reference B04562
- Tenure: Leasehold
Please quote reference B04562
Hilton Smythe welcomes to the market this very well-established tyre and exhaust centre.
The business offers:
•Tyre repairs and fitting
•Full breakdown services
•M.O.T's by arrangement
•Full range of car, commercial and agricultural batteries
•Brakes and suspensions
Our clients are also specialists in commercial and agricultural tyre fitting, to include, tractor, trailer and ATV tyres.
The business has a good website which can be found at http://milestyres.com/index.php which also offers online booking. They are also active on Facebook.
Even though the business is well established there are still things that could be done to take it to the next level, with more extensive advertising, particularly using social media, longer hours including Sundays and more mobile work.
An internal inspection is very highly recommended to appreciate the quality and potential on offer.
The business run by the owner and 2 other full-time members of staff.
Monday 8:00 am to 5:00 pm
Tuesday 8:00 am to 5:00 pm
Wednesday 8:00 am to 5:00 pm
Thursday 8:00 am to 5:00 pm
Friday 8:00 am to 5:00 pm
Saturday 8:00 am to 1:00 pm
Miles Tyres and exhaust services is situated in Oldbury on Severn. Oldbury is a more rural setting, with close links to the M5 motorway for easy access to all surrounding areas which offers a small market town location close to the M4 motorway for good access to all surrounding areas including nearby Bristol.
The business itself has been run by the current owner since 2008 and is very well known and established in the areas it covers. The owner is now looking towards a very well-earned retirement.
Oldbury Site - Unit A, Rearing Sheds, Oldbury lane, Oldbury on Severn, BS35 1RF
The Oldbury site consists of:
•Good sized customer reception/waiting room
•Mezzanine level with storage for tyres
•Further mezzanine level with storage room
•Staff WC There is also ample parking and a alarm.
There is a range of equipment included as follows;
•56 plate fitted out Citroen van
•Super tracker alignment centre
•2 x Hoffman Monty 3300 fitting machines
•Hoffman 2 x Geodyna 6300-2 balancers
•Mark iv compressor
•Hunter Hawkeye geometry machine (with up to date software)
•Rav extended four post ramps
•Various tools A range of office equipment to include
•Computer work station and printers.
An internal inspection of th site is highly recommended to appreciate what's on offer.
We are advised that the business is being sold as a Leasehold opportunity.
The Lease at Oldbury on Severn is a rolling Lease.
The yearly rental figure for Oldbury is £14,480.