Business for sale in United Kingdom – Dagenham, Essex – County of Essex – Ae058-retailer of motor spares & accessories, cycles & repairs, car audio products -dagenham, essex

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Business for sale in United Kingdom - Ae058-retailer of motor spares & accessories, cycles & repairs, car audio products -dagenham, essex

Asking Price: 75,000 £ Real Estate: Lease
Sales Revenue: 218,772 £
Net Profit: 3,451 £
Year Established: 1969
Employees: 1FT
# of family members employed: Not Disclosed
Location criteria:
United Kingdom/County of Essex/Dagenham, Essex

Business types:

Retail

Business categories:

Auto Parts Stores ; Other Retail Trade

Business description

this business has been under the current ownership since 1969 and is modelled very much in the likeness of halfords, offering a wide range of car spares and accessories, which include an all vehicle range of general servicing requirements, plus spares, mot failure requirements, re-finishing goods, audio equipment (including a fitting service) with a very wide range of tools. In addition the business has a cycle department selling new and used cycles with a fully equipped repair service.

Additional information

Additional information: Not Disclosed
Support & training: The current owner is happy to remain as long as required to ensure a smooth handover.
Reasons for selling: After forty four years the owner has decided to retire due to health problems over the past two years that he feels is inhibiting his performance.
Financing available: Not Disclosed
Inventory / Stock value: Not Disclosed

Real Estate

Ownership: no
Lease: yes
Lease terms: Leasehold is on a fifteen year renewable council lease with two years remaining. Rent is £16,000 per annum with rates of £7,000.
Location: Two shops have merged to form a single retail space comprising a selling area of approx. 1000 sq feet with a storage area of approx. 500 sq ft. At the rear of the property there is a very large back yard with its own entrance that could be, with the councils permission, be used for repairs and the fitting of auto parts. This yard is approx 100ft x 25ft. The outlet is favourably placed in a small shopping parade with no parking restrictions in the immediate vicinity, allowing customer parking directly outside making it easy to unload stock. Additionally there is free car parking within a short walking distance. Main road location in Dagenham.

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