Hilton Smythe is delighted to welcome to the market this busy vehicle tyre changing business, which is in a prime trading location in Midhurst, West Sussex.
The business was established by our clients in 1984. Only now is the business being offered to the market, due to our clients' desire for a well-deserved retirement. The business is currently open 5½ days per week, as well as offering an out of hours call out service, generating a turnover in the region of £336,000 per annum, with a gross profit of approximately 39%, as per the 2016 accounts.
Our clients offer a tyre changing service with 60% being on cars & vans and 40% being on agricultural and commercial vehicles, within a 30-mile radius of the property. Our clients also offer an out of hours call out service and contract work, which lately has not operated at full potential, due to one of our clients' health problems. The property boasts 190 sq. metres of floor space, is very well maintained and fitted out to suit the trade.
The business has built up an excellent reputation within the area and further afield for the high quality of the services offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations.
We feel there is scope to increase the turnover by increasing the commercial and contract work. A new owner could also embark on a marketing campaign to promote the business or add roadside assistance to the services offered. The business has an excellent website in place to advertise the business at www.midsussextyres.co.uk.
This is an excellent opportunity to acquire a well-established and very busy tyre changing business, which is in a prime trading location; therefore, early discussions with Hilton Smythe must come highly recommended to avoid disappointment.
TENUREWe are advised Freehold.
HOURSThe business is open:
Monday - Friday: 8.00am - 5.30pm
Saturday: 8.00am - 1.00pm
Our clients also offer an out of hours call out service.
STAFFThe business is family run and managed with 1 x full time staff member.
FINANCIAL PROFILEThe business generates a turnover in the region of £336,000 per annum, with a gross profit of approximately 39%, as per the 2016 accounts.
Mid Sussex Tyres occupies substantial lock-up premises on an industrial estate in Midhurst, West Sussex. The business is surrounded by complimentary businesses and benefits from excellent car parking facilities to the front of the premises. The industrial estate is located on the outskirts of the town with densely populated residential estates close by, from which the business derives much trade.
Midhurst is a market town and civil parish in West Sussex. It lies on the River Rother, 20 miles inland of the English Channel. The town had a residential population of 4,914, as per the 2011 census. Midhurst is an affluent town, situated within the South Downs National Park, which is England's newest National Park, having become operational in 2011. The area is very popular with tourists, visitors and walkers, due to the beautiful countryside.
The area of the business is served by the public transport system, with bus stops within walking distance of the property, which offer regular routes to Stedham and Easebourne. The nearest railway station is at Haslemere, which is approximately 7 miles away. Midhurst is also served by the A-roads, with both the A272 and A286 being within easy driving distance, which link to the national A-road and motorway networks. Chichester is approximately 12 miles away and Waterlooville is 21 miles away.
Substantial lock-up industrial premises in a prime location, briefly comprising:
Detached garage with:
Double height roller shutter door.
Space to work on 3 x vehicles including a horse box and class 4 lorries.
4 x post ramp.
Tyre changing equipment for all wheel sizes.
Wheel balancer machines.
Large stock of tyres.
Located above office and reception, used for tyre storage.
Reception area with:
Customer waiting area.
Fixed wooden counter.
Access to administration office.
Parking for approximately 5 vehicles.
Tyre storage area.
Our clients also rent a storage unit, which is less than one mile away, for a rolling monthly agreement of £200 per month.
1 x Iveco van.
1 x Toyota pick-up.
1 x Ford Ranger pick-up.
Four post ramp.
Full range of tyre changing and balancing equipment.