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Wheel Repair and Refurbishment Business

Huntingdon, Cambridgeshire

  • Asking Price: £74,995 +SAV
  • Turnover: The Wheel Genie generated an advised turnover of circa £168,257 as of the 2017 accounts, with a gross profit of £70,334 and a net profit of £22,053.
  • Tenure: Leasehold

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Viewings By Appointment Only Hilton Smythe welcomes to the market The Wheel Genie, established by our client in 2008, our client is now looking forward to a new challenge. The Wheel Genie is a family run business that specialises in the repair and refurbishment of alloy and steel wheels along with other related parts including motorbike frames, car springs and suspension parts. The site offers a perfect opportunity for growth into other areas of vehicle enhancement, including hydro graphic dipping and would make an ideal step up for a mobile smart repairer or as a start up family business. The Wheel Genie has a very good reputation in the area having many repeat customers, 5* Facebook reviews and 4.6* Yell reviews. The business is being sold with the website www.wheelgenie.co.uk. Possible scope for development:Make use of the unused space on the mezzanine level which can be used as a hydro graphic dipping areaPush tyre salesAdd smart repairs The owner is offering to stay on for a period of training and transition. Hilton Smythe highly advise early viewing to avoid disappointment.

The business is run and managed by our client, with the help of 2 x full time long standing members of staff.

The business opening hours: Monday-Friday: 8.30 am– 5.30 pmSaturday: 9.00 am-1.00 pmSunday: Closed

The Wheel Genie is an established alloy wheel refurbishment centre which was established by our client in 2008. Our client has built a successful and profitable business and is known for quality, integrity and good service and they are now looking to move on to a new challenge. Located in Huntingdon with excellent links to the A14 and A1, and with clear signage locating the business, there is parking to the front for 8 or so vehicles.

The business is located across 2 units and there is a further area to the side which houses the pre-treatment area for the wheels with shot blaster and a wheel stripping area behind. To the front there is parking for approximately 8 vehicles. Shutter access to the main workshop and pedestrian access to the showroom/reception. Showroom/reception has stands for before and after wheels, reception desk and door through to paint shop area with a large walk in air flow finishing oven, spray booth with paint guns and powder coat gun. This area also gives access to the main workshop area, WC and stairs up to mezzanine level which is currently used for storage but can be utilised for hydro graphic dipping. Workshop 2 post 4 tonne rampWheel straightening 5 tonne pressTrolley jacksWheel balancerTyre machineToilet and stair to first floor office areaOffice area has a pre storage area and within the office there are 4 chairs and numerous desks.

Tenure
We are advised the business is being sold as a Leasehold business opportunity.The lease is currently rolling with an annual rent of just £12,900 which is paid on a monthly basis.

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