Performance Car Accessories Business In Bedford Price Reduced For Sale

Business description

We are delighted to place onto the market this performance car accessories concern, which has been established for since 1990. The business has been in the present premises since 1997 and the owner now wishes to sell due to retirement.

This very good business opportunity provides bespoke car parts for performance vehicles. It manufactures and distributes motor sport parts. It manufactures up to 40% of its own parts, and all parts are put together on the premises. It has over 2500 different parts, including modifying parts, switches, gauges and instruments. Its clientele are mainly retail outlets, (including Halfords in the past) of which there are approximately 350 plus.

The concern employs only 2 part time members of staff now due to the credit crunch, but in the past it has had over 6-7 including the working owners, who are a husband and wife team. The operation has deliberately been re-structured to allow it to be operated by the owners working on a full time basis.

The Company is marketed very extensively in trade magazines and websites as well as sponsoring car events. There is also a comprehensive website, and full colour catalogues.

As far as competition is concerned there are other competitors nationally, but they do not provide as comprehensive a service and the Company stocks a much larger array of products.

The particular highlights of the business are:
- Very well located business.
- Premises are of a very good size, allowing for expansion, and have been adapted especially for the business.
- A national company with clients internationally in most countries.
- A very large client base.
- The owner has many trademarks and registered designs which are licensed to the business and therefore very unique products.
- The concern has very good suppliers.
- It has now become a very efficient operation.

The concern has huge potential. In particular the turnover and profits can be increased by:
- Increasing the size of the business by employing more staff.
- Expanding the portfolio of parts available which has been earmarked for the next 6 months.
- The introduction of e-commerce.
- More marketing.

The owner would be available for a lengthy business familiarisation period if required.

Property information

Property:

Leasehold

Lease terms:

The original length of the lease was 5 years with 2 ½ years remaining. The rent is £10,800 pa and the rates are £4,500 pa.

Leasehold rent:

£10,800 per annum

Location:

This superb business opportunity is situated within a very prestigious industrial estate, which is on the outskirts of Bedford. It lies 1 ½ miles from the historic town centre and is ideal as it is easily accessible. There are many complimentary businesses within the estate, in total over 100. Bedford itself is between junctions 12 and 13 of the M1 Motorway, and is part of the Home Counties being within Central England. This suits the business as its clientele is national and indeed international.

Premises details:

Property Details
The property is approximately 3000 square feet on the ground floor with a further 800 ft of storage available on the first floor. It is a large warehouse unit, very well presented and consists of a reception area which leads into the main administration area, being about 800 Sq ft. It is fully equipped with computers and all operating software. There are 2 toilets and a kitchen. To the rear is the warehouse which is very impressive with storage shelves all along several isles, and many parts preparation areas and work surfaces. The premises are fully alarmed with bars on all windows and shutters.

Equipment with sale
All tools and equipment are included in the sale.

First Floor
On the first floor there is a storage area which is about 800 sq ft.

External
To the front there is a car park for several cars.

Other information

Reasons for selling:

Retirement

Trading hours:

The business operates from Monday to Friday between 9am and 5pm