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Business for sale in United Kingdom - Am131-vehicle after-market products retailer-sparkbrook, birmingham, west midlands

| Asking Price: | 75,000 £ | |
Real Estate: | Lease |
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| Sales Revenue: | 250,000 £ | ||||||||||
| Net Profit: | 1 £ | ||||||||||
| Year Established: | 1975 | ||||||||||
| Employees: | 2FT, 1PT | ||||||||||
| # of family members employed: | Not Disclosed | ||||||||||
| Location criteria: |
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Business description

turner butler are delighted to be appointed as sole selling agents for this exciting business opportunity which has never been brought to the market for sale before. This company has been trading for 35+ years and is located in large, prominently located premises in the very busy and ethnically mixed area of sparkbrook in birmingham. The company has, through this extensive period, developed its retail offerings in the vehicle after-market on to a dual stage of retail showroom/ offices/workshop and internet shop. The company trades under a well known banner and offers an extensive range of in-car entertainment, security, satellite navigation and enhanced lighting solutions. Well known after-market brands represented here include:- • jl audio • focal audio • clifford security • alpine • trafficmaster • laserline however, what is potentially on offer here stretches much further. Primarily, this offering is for the acquisition of a business/trading entity which operates from large, highly visible but dated premises in a densely populated area of this large city. Tenure is by way of a leasehold agreement with the buildings owners, who are birmingham city council. The two storey premises are extensive and include:- • good sized showroom (ground floor) • separate reception room and 2 x offices (adjacent) • 6 x bay workshop (adjacent and to the rear) • 9 x store rooms/ offices (second floor) • cleaner cupboard • toilet/washroom • separate workshop (currently sub-let to vehicle bodyshop for extra revenue stream) • off road parking at rear for up to 12 vehicles plus parking in front of the showroom, including a public car park. The owner of the business has indicated to us that he is in the process of negotiating a new lease and it may be possible for him or the new owner of the business to negotiate purchase of the freehold once the new lease is signed and held. However, due to the age and condition of the building, the owner feels that the new owner may wish to approach the overall situation in a different manner, and has therefore put further new lease negotiations on hold. A full explanation of the situation is better supplied by the owner when contact has been established through the auspices of turner butler. Equipment: the company owns and operates an inventory of equipment and machinery etc. In the daily smooth operation of its business, which include:- • fully networked computer system with internet access. • telephone switchboard with isdn lines and all departments covered. • telephone access in to existing pa system, with all ares covered • po box number. • considerable fixtures such as display cabinets and stands. • central heating with room thermostats • air conditioning in the main showroom all such inventory is expected to be included in a successful sales package. Key opportunities: the current owner feels that if the freehold of the property could be secured from birmingham city council and thereby saving their costs of modernisation repairs etc. Then the site could be re-developed in a variety of ways to maximise its location benefits.
Additional information

| Additional information: | Not Disclosed |
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| Support & training: | Full support and any necessary training will be provided during handover as part of a successful sale package. |
| Reasons for selling: | This business opportunity is now being placed for sale as part of the Owners wish to move towards a well earned retirement. |
| Financing available: | Not Disclosed |
| Inventory / Stock value: | Not Disclosed |
Real Estate

| Ownership: | no |
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| Lease: | yes |
| Lease terms: | However, circa £6,500 per annum is received in rent from its sub tenant as a useful offset. |
| Location: | These substantial premises are believed to be connected to all main utilities and are currently leased from Birmingham City Council for approximately £1,400 per calendar month. However, circa £6,500 per annum is received in rent from its sub tenant as a useful offset. The premises also benefit from significant investment in security arrangements, which include:- • Electric colour coded steel shutters • CCTV • Video intercom to waiting/ reception room • Steel security doors and grilles • Redcare monitored Security System • Chubb Safes (3) • Steel secure storage cupboards • Security tag locks on main doors • Remote locking/release shop doors • Loop Alarm system for shop displays |
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