Well-Respected and Longstanding Tyre Business in Essex

Loughton, Loughton
REF: R07863

Asking Price:
£499,999
Annual Turnover:
£660,120
Annual Net Profit:
£128,911
REF: R07863

Overview

Tenure:
Leasehold
Established:
1988
  • Excellent reputation
  • Loyal customer base
  • Spacious premises
  • Friendly, professional team
  • Strong supplier relationships

The business for sale specialises in the retail and repair of tyres from its premises in Loughton, Essex.

Founded in 1988, Loughton Tyres is operated by the owner and his team of three full-time staff which have been with him for years. During this time, the business has developed an outstanding reputation which is unrivalled by other motor companies. The team is very well known around Loughton and the surrounding area for their professionalism, honesty and trustworthiness, as well as their consistently high quality of results which come at a truly competitive price.

Loughton Tyres offers an efficient service which allows the customer to wait while their tyres are changed. Its other popular services include performance tyres, puncture repairs, wheel alignment and balancing, brakes, and general servicing and repairs. All tyres available are new and feature a fantastic selection of brands and sizes to choose from.

The business is only for sale due to the owner’s wish to retire, therefore making this a rare chance to take on one of the longest-running businesses in the area with an unbeatable reputation.

In a prime location near a shopping complex, Loughton Tyres is based in a spacious industrial unit which has been kitted out specifically for the tyre trade, complete with outside car parking, loading bays for cars, tyre racks, and other great facilities. The vendor is currently on a rolling, flexible lease with the landlord, whilst a second unit across the road is used for storage and costs £1,000/month including business rates.

The company has a well-presented website which details its services and blends seamlessly with its reputation for delivering a friendly, professional service.

All the business’s equipment is incorporated into the asking price, therefore arming the buyer with the tools necessary to begin trading from day one of their ownership. The inventory includes items such as compressors, tyre fitting machines, ramps, tools, and a van. Additionally, the vendor is willing to offer the buyer a transitional period to foster a smooth handover of business operations.

The ideal buyer for Loughton Tyres would be someone who is already experienced in the motor industry and is now looking for the opportunity to take their career to the next level by running their own successful enterprise. Similarly, it would be a strong option for an existing operator in the motor industry who wants a bolt-on acquisition to expand their business activity.

Despite its long history of success, the business still has further scope for growth. The new owner will be able to unlock this by focusing greater effort on marketing the business to attract new customers. In particular, the new owner should create relevant social media pages for Loughton Tyres and begin publishing content which seeks to engage with the local community.

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  • Residential area
  • High footfall
  • On-site car parking
  • Good transport links
  • No local competition
Rent
£27,600
Rates
£6,000
Lease Term
0
Lease Expiry
2021
Square Footage
TBC
Accommodation Included
No
Premises Licence
TBC
Property Value
TBC
Planning
TBC
EPC
TBC

Annual Turnover
XXXX
Annual Net Profit
XXXX
Stock at Valuation
XXXX
Accounts
XXXX
Trading Entity
XXXX
Current Ownership
XXXX
Management Structure
XXXX
Number of Employees
XXXX

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