Business description

The particular highlights of the business are:
• The owner may be prepared to accept staggered payments for the business, enabling the buyer to pay from profits although a lump sum sale would be more favorably considered.
• Ideally located concern offering excellent lifestyle.
• A well established business.
• Good loyal clientele.
• Fully equipped business with favorable lease terms (see below).
• Turnover in excess of £100,000 with a net profit of £30,000. (See financial summary below). This is very impressive considering the credit crunch.
• A business with great potential which has not been exploited because the owner has other business interests.
• An easily run operation.
• Very good contacts within the industry for the supply of parts including 2 scrap yards.
• A good first time buyers business.

Phoenix Business Transfer Agents are delighted to place onto the market this thriving car parts concern which has been established since 1984. The business has been in the hands of the current owner since 2007 and he now wishes to sell due to other business interests.

This very good business opportunity provides both new and used car parts for all types of vehicles.

The concern employs o staff.

The owners’ role is very hands on and he works full time in the business.

The owner markets the business in local press, nationally in the yellow pages and on local radio.

As far as competition is concerned the only parts businesses in the area are in the town centre.

The client base consists of an even mix of private and trade clientele.

The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings and local and internet advertising.
• Increasing the opening hours to include Sundays
• Increasing the product line to include other parts.
• With the introduction of a website and e-commerce.

The owner would be available for a business familiarisation period of one week for the benefit of the new owners if required. The Owner would also be happy for an on the job observation period to assess the business prior to offers being made.

Property Details
The unit consists of a large warehouse which is approximately 40 ft x 50 ft. It has an office and a customer service counter. There is a very large storage area which is fully racked and shelved.

There are a toilet and staff facilities.

Equipment with sale
All fixtures and fittings and equipment are included in the sale price and are valued at £5,000.

External
To the front there is a car park.

Financial Details
The present turnover is £100,000 per annum with a gross profit of £30% and a net profit of £30,000. The wages are £0. The present value of the stock is £50,000 and the fixtures fittings and equipment are worth £5,000.
In 2008, the turnover was £100,000. The potential turnover of the business within the next 2 years is forecast to reach £150,000 given the changes that are required to be made to the business. Full financial disclosure is available on request after viewings and the signing of a confidentiality agreement.
Please note Phoenix do not guarantee the accuracy of these figures which are in many cases estimated and are not verified. Please do not rely on the accuracy of these figures and seek professional help before making any offers. Phoenix will not be held liable for any inaccuracies in these figures or any other statements contained in relation to this business.

Trading Hours
The business operates from Monday to Thursday between 9am and 7 pm. On Friday it closes at 1pm. On Saturdays the hours are 9am to 3pm.

Tenure
The original length of the lease was 3 years with 1.5 years remaining. The rent is £8,000 pa. The rates are £1,600 pa.

Viewings
The owner is available for viewings at anytime.

Property information

Property:

Leasehold

Lease terms:

The original length of the lease was 3 years with 1.5 years remaining. The rent is £8,000 pa. The rates are £1,600 pa.

Location:

This superb business opportunity is situated in Derby in the County o f Derbyshire .It is just off the main arterial road into the town centre and enjoys much traffic flow. There is a residential area surrounding the property and it is within a commercially thriving part of the area. There is ample free parking. The business is situated within a very popular industrial estate of approximately 28 other businesses some of which are in the motor industry. The location is well linked with the Motorway and has good access to the area and is therefore very convenient.

Premises details:

The unit consists of a large warehouse which is approximately 40 ft x 50 ft. It has an office and a customer service counter. There is a very large storage area which is fully racked and shelved.

There are a toilet and staff facilities.

Equipment with sale
All fixtures and fittings and equipment are included in the sale price and are valued at £5,000.

External
To the front there is a car park.

Other information

Competition / Market:

As far as competition is concerned the only parts businesses in the area are in the town centre.

Support & training:

The owner would be available for a business familiarisation period of one week for the benefit of the new owners if required. The Owner would also be happy for an on the job observation period to assess the business prior to offers being made.

Reasons for selling:

other business interests.

Trading hours:

The business operates from Monday to Thursday between 9am and 7 pm. On Friday it closes at 1pm. On Saturdays the hours are 9am to 3pm.

Furniture / Fixtures value:

£5,000 (included in the asking price)

Inventory / Stock value:

£50,000