Under Offer

Well-Located Auto Spares And Repairs Shop

Bridgwater, Somerset

£39,950

Ref: B04324

Contact sales negotiator

Aidan Murphy

01204556301

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Description

STOCK INCLUDEDHilton Smythe welcomes to the market this well-located auto spares and repairs shop, which has been established for over 50 years and run by the current owner for the last 13 years. They sell all auto parts for all vehicles, from exhausts to wiper blades, from paints and sprays to fan belts.Further improvements could also be made with an improved good quality website offering online sales, more advertising including social media and longer hours.An internal inspection is highly recommended to appreciate what’s on offer.The shop is being sold as seen including all stock which is currently valued at around £25,000, so offers great value for the discerning purchaser.

Tenure

Leasehold

We are advised that the business is being sold as a Leasehold opportunity, with a 10-year lease, with a 3-year break clause.There are 8 years remaining on the lease. The rent payable is approximately £13,500 per annum.

Hours

Monday 9:00 a.m. to 5.30 p.m.Tuesday 9:00 a.m. to 5.30 p.m.Wednesday 9:00 a.m. to 5.30 p.m.Thursday 9:00 a.m. to 5.30 p.m.Friday 9:00 a.m. to 5.30 p.m.Saturday 9:00 a.m. to 1.00 p.m.Sunday closed

Staff

The business is a family run business.

Financial Profile

The accounts show a healthy turnover of £126,845 for the year to 31st March 2017 with a gross profit of £44,444.According to the VOA website the current rateable value is £9,200, however the owners inform me that they benefit from small business rate relief so have no rates to pay at present.

Location

Auto save is situated in the town of Bridgwater and was originally opened as a car parts shop in 1980, so is very well established. Bridgwater is a large historic market town and civil parish in Somerset, England. Its population currently stands at around 35,886 as of 2011. Bridgwater is at the edge of the Somerset Levels; the town lies along both sides of the River Parrett. Very easy access is gained to all surrounding areas via the nearby M5.The shop has been run by the current owners for the last 13 years and is very well established in the area, having previously been run as a larger concern with several shops. The owners are now looking towards a very well-earned retirement.

Premises

These are easily managed, good sized premises, covering approx. 115 sqm mainly on the ground floor, with main shop area and counter, office, parts rooms, storage room, small kitchen area, WC, basement and mezzanine storage, accessed via a temporary ladder. The business has a range of racking and shelving, till and much more also included within the sale.An internal inspection is highly recommended to appreciate the potential this business has moving forward and the great value that is offered.

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