Business for sale

Business description

Downpayment: £60,000
Inventory: £60,000 (Included in Asking Price)

Business Summary
Excellently located motor parts and accessory shop on prominent corner of two busy main roads. The shop supplies all the usual parts for vehicle servicing and repairs, such as brake pads, screen wash, anti-freeze, wind screen wipers, oil, filters etc. etc. etc. as well as motor accessories. The business is very well known to local garages and residents, so a steady growth in sales can be built on a solid customer base. The shop is currently run by a husband and wife team with a full time delivery driver. The current owners are happy to provide a one month handover period for introduction to customers and suppliers. Business offered for £120,000 including stock currently valued at £60,000. The shop has a customer reception, very large storage area, kitchen, toilet and one good size office over looking the reception. The premises are secure and benefit from an alarm and shutters. Very competitive rent of around £13,000 for a large shop with a 6.5 year remaining on the current lease. Rates are around £4,000pa. Landlord willing offer the incoming party new lease 15-20 yrs, terms to be agreed, subject to status.
Building & Property
Building: 1100
Monthly Rent: £1,300
Real Estate Available: No

General Information
Reason for Sale: Owners to move abraod