originally established over 30 years ago, this family business was taken over by the current vendors in 2003. This well respected and stable business has been serving a large catchment area in a highly populous part of central west london, for all types of motor spares, consumables and general car and bike accessories through-out the years. Key assets are found in its long-established relationships, well-defined customer base with high repeat sales, and its ability to serve clients, supplying the business with a definitive competitive advantage. With recent changes in the competitive environment, the business has developed a growing bicycle sales and repair business, which has lots of room for expansion. There is also options to increase web based ordering and delivery. The majority of clients are private individuals, or mechanics with small businesses, however the business enjoys trade accounts with the rac and aa, which could be developed further, along with building on relations with garages. The business provides an excellent opportunity for any purchaser seeking a well-established business who has total commitment to quality service. The business is easy to operate, and with limited knowledge of the car spares industry, working knowledge can be learnt on the job to provide continuity of service. Equipment: the business is fully computerised with direct ordering systems for brakeworld, and draper tools. They have excellent wholesale price agreements in place with all key suppliers. For purchases, alongside the cash register, the business utilises the streamline system to process all card payments. Customer service: staff are friendly, courteous, and knowledgeable and pay close attention to each client query. Because of the large and wide variety of stock, requests are dealt with promptly and efficiently. Those items not in stock are immediately sourced and delivered in a matter of hours. Key strengths: the long trading history is a real asset to the business, as is the prominent location. With few independent motor spares shops within a 5 mile radius of central west london, there is minimal direct competition for the core business, and limited competition on the high street fro the growing bicycle business. All processes for operation are in place, and there are ongoing trade agreements with suppliers, to keep wholesale prices to a minimum, and margin to a maximum. Growth and expansion opportunities: the business has an enviable reputation within the area to both local trade and the general public. This reputation alone represents a new owner with a vehicle to expand the company’s operation further in its existing markets and to target new areas of work. With consistent demand for its services, combined with a capacity to increase turnover, a new owner contributing fresh ideas and investment in resources will have every advantage of building on an excellent platform and taking this business through its next period of sustained growth. The premises offer exceptional potential for doubling the current retail space, or sub letting the basement area, as it has a separate entry available.
| Ownership: |
no |
| Lease: |
yes |
| Lease terms: |
The current rent is approximately £26,000, and business rates are around £6,600. |
| Location: |
The business is located on a busy high road. Upstairs in the main retail area, the shop occupies approx 350 sq ft. With new racking through-out the store, two service counters, and staff facilities and storage to the rear. Downstairs, is a further 350 sq ft, currently used for storage space. With a separate entrance already in place, this area could be converted into further retail space for the bicycle operation, or storage for a mail order / delivery business.
The current rent is approximately £26,000, and business rates are around £6,600. There is CCTV through-out the premises, and a security shutter to the front, with limited access to the rear of the building. |
