Total of 18656 firms and businesses for sale today Saturday 27th April 2024
Sold. Very Profitable Independent Tyre Business-commercial/trade And Retail
LISTING DETAILS
Firms For Sale ID:
34371
Vendor reference:
AL240
Vendor website:
BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
£250,000
Turnover / revenue:
£1,200,000
Net profit / cashflow:
Undisclosed
Years established:
20
Number of employees:
8
Employees / staffing:
The vendor is MD of the business and is office based. The business employs some 6 tyre fitters, one of whom also act as manager in principal and can run the business short term should the owner be away. The business also has 2 part time office staff who manage the administrative/accounting functions.
As already mentioned the business utilises a leading tyre software package, as well as Sage payroll software to manage the company effectively.
Staff are a real asset of the business.
OTHER DETAILS
Reason for selling:
The vendor is planning his exit strategy due to impending retirement.
Support and training:
The current owners would be happy to provide a handover to ensure a seamless transistion of ownership. This should be relatively simple as the business has key staff and excellent back office systems in place.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
BUSINESS DESCRIPTION
Very Profitable Independent Tyre BusinessCommercial/Trade and Retail
Ref. AL240
Location : West Yorkshire
Asking Price : GBP250,000
This very highly regarded and well established company has been successfully trading in the area for over 20 years and specialises in the supply and fitting of , in the main commercial tyres, to customers within a 15 20 miles radius of its location. The company fits tyres to commercial vehicles, trucks, tractors, heavy plant(earthmovers etc.), vans and also cars. Approximately 70% of revenues are generated from commercial sales, the remaining 30% being generated from car tyre retail sales. The company can fit at its own centrally located depot as well as providing a mobile fitting and emergency service, whether it be on site or roadside. Approximately 35% of the work is carried out off site.
This independent company has a very impressive track record and experience of working with most types of commercial vehicle. It also has excellent supply relationships in place with leading tyre manufacturers/suppliers which ensures it has access to the right tyres. It is also very competitive in the market such is its buying power.
Full range of services include:
24/7 Mobile fitting Puncture Repair
Fleet Inspections Vulcanised Repair
Regrooving Nationwide service point for ITDN, Truckpoint and Tyrenet
The core of the business comes from its bank of some 150+ regular account customers. These customers cover a range of different industries including agricultural, farming, plant hire companies, vehicle hire businesses, hauliers etc. as well as the general public.
The company is a member of The Independent Tyre Distributor Network (ITDN) as well as TyreNet and Truckpoint which generates additional work for the business, some of it from outside its usual geographical area.
Expansion Potential
With an enviable reputation within the industry and renowned for always meeting if not exceeding client expectations there is an outstanding opportunity to build on the existing services and customer base of this company. The business has a broad yet relatively local customer base that could be developed further. It could expand its geographical spread further afield should a new owner so wish as the demand is there. This demand is being fuelled by ongoing legislation and health and safety requirements.
The vendor has tended to be reactive rather than proactive over recent years due to the high demand for its services. The business could easily be scaled up even further should a new owner wish to invest in further resource.
Market / Competition / Non-Competition Agreements
Having established an excellent reputation for quality, technical ability, reliability and professionalism the business has little need for advertising, relying on the most cost effective forms of marketing-recommendations, referrals and repeat business. In saying that, it does have a basic yet informative website that could be developed further.