Wolverhampton Motor Spares & Accessories Business For Sale

Business description

Advent Business Sales are pleased to offer to the market this extremely well established and popular motor factors business.

The business which has been offering quality motor spares and accessories at the right price for over 30 years, are only now offering the business for sale the vendor, who has retired wishes to move abroad permanently.

They are proud of their excellent service record and high availability serving the general public and delivering daily to the motor trade.

The business has a dedicated team of 3 telesales and counter sales staff have a good trade background, which comes with a good knowledge, and understanding that helps to get orders processed right first time.

Through well established supplier links, the business is able to offer a huge stock inventory mostly available the same day.

Sales, which are predominately in the Wolverhampton area are split approx 50% trade and 50% for the DIY retail customer and total approx £200,000 pa.

We are advised that stock at cost is approximately £100,000.

The business has well established accounts with major national suppliers, which have resulted in above industry average gross margins of approx 43%.

Because vendor has virtually no day to day involvement in the business, it has not moved forward and sales have dipped. Previous sales figures were nearer the £300,000 and this can be easily achieved with an enthusiastic committed individual with motor experience or as a bolt on for an existing spares dealership wishing to expand their own portfolio.

This is an opportunity not to be missed, the business has been priced for a quick sale and we recommend an early viewing as it is unlikely the business will be on the market for too long!
REF: 9250WV

The business is offered either at £70,000 asset sale or £35,000 share sale

Property information

Property:

Leasehold

Lease terms:

TENURE: Leasehold
Original lease: 12 years
Remaining lease: 12 years
Review every: 3 years
Rent: £17,400 P.A.

We are advised that the annual business rates are currently: £4,700

Location:

The business is ideally located in the very heart of a large residential area in Wolverhampton and with minimal local competition.

Parking is free of charge on street in front of and all around the premises.

The area is best accessed by either the A449 or A457 with the M5, M6 and M54 motorways all within reasonable travelling distance.

Premises details:

BUSINESS PREMISES:
Large ground floor retail area with warehouse & storeroom, approx 3,000sq ft, with first floor office briefly consisting of:

Ground Floor
• Large double width window display which have full height security grills
• Central door into the extensive showroom
• Side wall handing pin display
• Central gondolas
• Wide sales counter with product storage on racking to rear
• Side office
• Kitchen area
• Side storage
• Stairs to first floor office and w/c

The premises have the added security of being alarmed.

Other information

Expansion potential:

EXPANSION POTENTIAL:
Although already achieving good annual sales, there is still excellent scope to increase annual turnover and profits by:
1. Advertising as none is currently carried out
2. Having its own dedicated web site
3. Increasing the range of accessories available in the store
4. Improving the stock control system
5. A working owner would be able to save on the wages cost with his own efforts in the store

Trading hours:

Mon – Sat: 8.30am – 6pm
Sun: 9am – 1pm

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