Business for sale

Business description

We are pleased to have been instructed to offer to the market this niche and extremely well established replacement car and van body panels business.

Founded in 1971 and in the ownership of the current vendor for the last 14 years, the owner has reluctantly decided to sell to allow him more time to focus on a totally different business project.

Our client has an excellent local and national reputation supplying to a core of approximately 400 live customers on a very regular basis.

The business carries extensive stocks of approximately £130,000 so is able to supply many items almost immediately.

The less common parts are usually ordered for delivery within 24 hours and can be sent direct to the end customer, thus eliminating unnecessary handling and onward freight costs.

The company employs 6 full time members of staff including the vendor and achieves an excellent annual turnover of £600,000 with a gross profit of £280,000.

The business has a modern small fleet of 6 vans delivering on a daily basis to its many customers and also operates a Toyota fork lift truck for unloading deliveries into the warehouse.

All incoming and out going parts are updated instantly onto its fully automated and computerised stock control system ensuring 100% control at all times.

General Information

Trading hours:Mon – Fri: 8.00am – 6.00pm,Sat: as and when necessary
Property:Leasehold
Lease terms:TENURE: Leasehold Original lease: 5 years Remaining lease: 5 years Review every: 5 years Rent: £45,000 P.A. We are advised that the annual business rates are currently: £16000
Living accomodation:Large ground floor lock up extending to approximately 7000 sq ft with additional approx 2500 sq ft on the mezzanine floor. - Share entrance lobby into reception area with kitchen, stores and w/c’s. - Large side office and through to main office with 5 work stations. - Through to warehouse with extensive racking for product running the full length of the warehouse - Mezzanine floor for additional storage.
Location:Our client is ideally located in the south of England on a large industrial estate.

There are approximately four car parking spaces to the front of the building for staff and customers with additional on street availability.

Expansion potential:Whilst already a successful business, there is still excellent scope to increase both turnover and profits further by: 1. Importing more parts from overseas with improved margins 2. Having an interactive web site to facilitate on line ordering 3. Advertising as none is carried out at the moment 4. Approaching some of the 2000 customers on its extensive database with whom they do not currently trade
Financing available:Please let us know if you require finance for the purchase of a business.