Please quote reference B06890
Hilton Smythe welcomes to the market Penkridge Tyre & Exhaust Service located at Boscomoor Industrial Estate. Our clients have run the business for over 27 years, though the business has been a real labour of love for them, they are now heading for their well-deserved retirement.
The garage offers a range of services including tyres, wheel balancing, parts, brakes, exhaust work, engine diagnostic and servicing to name a few. Penkridge Tyre & Exhaust Service stocks a large range of tyres including leading brands such as Michelin, Goodyear and Pirelli.
Penkridge Tyre & Exhaust Service has an outstanding reputation and is extremely well known locally, with a strong online presence. The customer reviews include comments stating ‘The most amazing level of service along with terrific value, I will never go anywhere else. Well done guys’ and ‘I won't take my car anywhere else. They are so helpful and friendly and I always get fantastic service at a really good price.’
Our clients are offering a hand over period to ensure the continued success of the business.
Reasons to buy -
Extremely knowledgeable staff member, considered a huge asset to the company by the current owners
Low overhead with affordable rent term
Handover period offered
Good online presence with very informative website
High quality assets included in the sale
This is a fantastic opportunity to acquire an extremely well established business with a huge customer base and outstanding reputation. Early viewings are highly recommended.
The sale of the business includes the equiptment and the following -
Penkridge is a highly populated area, with fantastic road connections. The town centre is just a short walk from the business. Running through the town centre is the A449, this road connects Stafford and Wolverhampton. The business is just a short drive from the M6 motorway which runs across the country.
This is a lovely area to live and work as there is a beautiful canal just 2 minutes away. Around the area are several bus stops and in the town is Penkridge train station, giving this area great public transport links.
The garage consists of 2 units on Boscomoor Lane. The frontage has excellent eye-catching signage with ample parking. As you can see from the photos, the garage is well presented throughout.
Service area - With 2 fixed 2 post ramps, workstations, and tool storage.
Tyre bay - With ample tyre storage and fixed 2 post ramps.
Office and reception - WC.
Security - The business is secured with a metal roller shutters and door coverings.
We are advised that the business is being sold on a Leasehold basis, with the landlord happy to negotiate a new lease with a buyer, subject to negotiation and approval. The rent is £936 per month.
The business hours are -
Monday – 08:00 – 17:30
Tuesday – 08:00 – 17:30
Wednesday– 08:00 – 17:30
Thursday – 08:00 – 17:30
Friday – 08:00 – 17:30
Saturday – 08:00 – 12:00
Sunday - Closed
We are advised that the business is run and managed by the 2 owners, with the help of 1 other full-time staff member.
We are advised as per the 2021 accounts, the business generated a turnover in the region of £233,000, with an adjusted net profit in the region of £77,000. Full financials can be made available upon further request.
Please quote reference B06890