Established Tow Bar Installation Business In Leamington Spa

Established Tow Bar Business In Leamington Spa For Sale
Ample Space To Add Additional Services
Approx (2,500 sq ft)
Ref 2098

Location

This outstanding concern is located in the town centre of Royal Leamington Spa. The workshop is highly visible, easily accessed and has ample space should you wish to add car servicing and repairs to the current business. Leamington town centre combines a treasure-trove of independent retailers, specialist boutiques and all the national chains you would expect to find in a large town. With an impressive array of entertainment venues, a rich choice of restaurants and some of the country's best spas and salons, we're certain you will find it one of the most appealing towns in the UK.

Business information

Asking Price: £125,000 plus SAV
Turnover: £249,901
GP: £116,863
Stock: £10,000

Leasehold

New Lease available: term negotiable
Rent: £20,000 pa
Rates: £5692.75 pa

Business Description

Veritas Business Sales are delighted to offer for sale this respected Tow Bar business which is located in Royal Leamington Spa. The business was established by my clients back in 1986 and has been in their careful hands ever since. Reluctantly they are offering the business for sale so that they can enjoy a well deserved retirement. Since ownership they have continually invested in up to date equipment which is all bought and paid for and included within the sale price which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. The business is very much owner operated and employs the help of 1 full time member of staff and has an annual turnover of £249,901 with a GP of £116,863 (47%). Income stream predominantly comes from tow bar installation which would equate to approximately 70% of the annual turnover where they are equipped with the latest technology in coding software to ensure the appropriate wiring system and specific application is used. Bike racks and accessories equate to around 15% of turnover and the remaining 15% comes from parking sensors and caravan movers. We believe that there is further potential to increase trade by opening on Saturdays, offering a mobile tow bar fitting service, implementing an advertising and marketing campaign and the workshop does have sufficient space for the introduction of car repairs and servicing, should you wish. The business already enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade. This is a superb opportunity to purchase an established business with further growth potential which is a great base to build upon and as such early viewing is highly recommended as this business is not to be missed.

Opening Hours

Monday – Friday – 8.30am – 5.00pm
Saturday & Sunday – closed

Ground Floor

Workshop (approx 2,500 sq ft )comprising: front roller shutter openings to workshop for up to (10) vehicles, various work benches and storage units, desk, cabinet and storage racking
Office & accessories retail with serve over reception desk, customer seating, retail display shelving and wall mounted display racks
W/C
Small kitchen with sink drainer
Store room with racking

The business comes with Towbar Coding Diagnostic equipment, battery stabiliser, sign written Fiat 54 plate van, website and facebook page