Thriving Tyre business with excellent reputation near Chichester, West Sussex.
- £250,000
- £250,000
Overview
- Automotive Services Businesses, Business, Garages, MOT Garages, Motor & Transport Businesses, Other Motor & Transport Businesses, Tyre and Exhaust Businesses
Description
Trading for very nearly 10 years with a spacious 2800ft² unit. Two fitting bays with room for more. Spacious customer reception (147ft²), with an additional staff room/kitchen and staff/customer toilet.
Ample on-site parking for over 20 vehicles.
Detailed financial information and accounts, will be made available to serious and qualified buyers upon request.
The current owners are due to retire and pursue other ventures, presenting an excellent opportunity for an ambitious buyer to take over and build upon the success of this reputable tyre fitting company.
Exclusive Nexen Tyre dealer for the Chichester area. Lots of supplier accounts which cover all budget to premium brands as well as additional agricultural and motorbike tyre suppliers.
ALL OF THE TYRE STOCK IS PAID FOR, with NO OUTSTANDING ACCOUNTS.
Generated turnover of £434,000 as of the 2024 accounts, with a gross profit of over 27%. 2025 for the first 6 months are £244,000 TO with over 28% GP. These figures will be exceeded by the end of year accounts as the business is still exponentially growing. This is a healthy turnover; however, there is scope to massively increase this figure. If wished, extending opening hours and opening Saturday and Sundays, would massively increase the amount of custom each week. 5550 new tyres sold in the last financial year with over 700 puncture repairs too.
Retail, trade and wholesale customers, including national breakdown companies, well-known logistic companies and most of the local vans of the national couriers to name but a few trade customers along with most local garages.
The Chichester area is currently subject to multiple large housing developments. There are hundreds of new homes being built around the city, this will increase the population by a marked amount so opportunities for new sales are increasing.
The business is run and managed by a husband and wife team.
Sale Includes:
All tyre racking
Matching tyre machines x2
Wheel balancers x2 with Transit, closed centre and motorcycle adapter
10 matching nylon wheeled speed lift jacks two of which are low entry
Hydrovane compressor
power tools
All hand tools, toolboxes, etc
TPMS replacement sensors and programmer
All office equipment, computers, TV’s, etc
20ft container for scrap tyres to be dry stored in
CCTV system
Kitchen and cleaning appliances.
Renault Trafic 2.5 crew cab fully wrapped van.
Stock includes approximately 600 new tyres and a limited number of consumables.
5.0 Google rating based on 229 reviews over the last 9 years.
One of the reviews commented:
“Was singing at a wedding around the corner and my tyre was flat minutes after arrival. The lovely fella lent me a pump to inflate the tyre so I could drive the car there. Sorted the tyre for me, also helped me with engine cover that was hanging down after going through some massive puddles on way. To cap it all, he wouldn’t take a tip from me. Never had such good service anywhere for anything. Restored my faith in human nature. Cannot recommend enough. Absolute customer service!”
This business is an excellent investment for those seeking a turnkey automotive venture in a prime location.
Details
Updated on February 16, 2025 at 8:04 pm-
Price £250,000
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Property Type Automotive Services Businesses, Business, Garages, MOT Garages, Motor & Transport Businesses, Other Motor & Transport Businesses, Tyre and Exhaust Businesses
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Property Status For Sale
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Tagline Automotive Services Businesses, Garages, MOT Garages, Other Motor & Transport Businesses, Tyre and Exhaust Businesses
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Annual Turnover £434,000
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Website https://www.sidleshamtyres.co.uk
Find out more about this business opportunity
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