Business
Please quote reference number B08061.
The company is a well-established tyre-fitting firm based in the South East. Founded in the early 2010s, the company has built a strong reputation in the local market, offering an extensive range of premium, mid-range, and budget tyres from leading manufacturers such as Nexen, Continental, Pirelli, and Hankook.
In addition to its core tyre business, which accounts for 85% of its turnover, the company also provides other ancillary repair services, including batteries, exhausts, brakes & suspension.
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The company sets itself apart from competitors by offering a vast range of tyres, ad-hoc appointments without the need for prior booking, and a mobile call-out service that generates significant revenue. The company’s competitive pricing, diverse stock, and mobile service give it a distinct advantage over its main competitors.
Since its establishment, the business has experienced significant growth, expanding from one building to two between 2015 and 2017 to accommodate its increasing stock. The company’s financial performance has been impressive, with year-over-year growth from £482,118 in 2021 to £865,064 in 2023, and a projected revenue of £917,000 for 2024.
Key investment highlights include:
- Consistent growth and profitability, with revenue increasing from £482,118 in 2021 to a projected £917,000 in 2024;
- Leading position in local market with exceptional 4.9/5 Google rating and 80% repeat business;
- Differentiated through its ad-hoc appointment offering, mobile tyre fitting service, extensive inventory, and competitive pricing;
- Four full-time employees, including an assistant manager, with scope to employ a mechanic in the future, enabling expansion into new service areas and driving additional.
Highlights –
- Impressive financial performance, with revenue increasing from £482,118 in 2021 to £865,064 in 2023, and a projected revenue of £917,000 for 2024;
- Leading position in the local tyre-fitting market;
- Differentiated offering, with ad-hoc appointments, mobile tyre fitting service, extensive inventory, and competitive pricing.
Opportunities –
Hiring a skilled mechanic would allow the company to expand its complementary service areas, including battery replacement, exhaust repair, brake services, and suspension work.
Location
Based in the South East.
Premises
The Business operates from two Industrial Units.
Tenure
The premises are leasehold.
Hours
Due to the nature of the business it operates all year round.
Staff
The business has four full time employees.
Financial Profile
Turnover IRO – £865k in 2023.
• 100% share capital.
• Interested parties will be required to sign an NDA.
