For Sale

Developing Car Tyres Business

Coventry, West Midlands

£89,999 +SAV

Ref: B04196

Contact sales negotiator

Sarah Moores

01204556309

Email Sarah Moores

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Description

Hilton Smythe welcomes to the market Star Tyres Coventry Ltd trading as Star Tyres.

Star Tyres was founded by the current owner in 2007 and the business has been a real labour of love and has flourished under his ownership with turnover increasing month on month and year by year. The business is now being sold albeit reluctantly and with a heavy heart, only so the owner can pursue other business interests in the catering industry.

Star Tyres stock a large range of new tyres for cars, vans and 4x4s. The business also stocks thousands of high quality part-worn tyres for a fraction of the cost of a new tyre.

The business offers highly competitive prices, a while you wait service and puncture repairs.

The business has a considerable number of regular customers and a number of account customers and enjoys great visibility on the internet.

Scope to Improve
1. Advertising and marketing campaign
2. Maximise the use of social media
3. Website to extol the services offered ideally with an online booking facility
4. Extend the opening hours
5. Increase the signage from the main road.
6. Take on apprentices.

Hilton Smythe highly advise early viewing to avoid disappointment.

Tenure

Leasehold

We are advised that Star Tyres is being sold as a leasehold business opportunity. The existing lease is arranged on a monthly rolling basis, but we are further advised that the landlord would be happy to negotiate a mutually acceptable lease with a new owner. The current rent is a very reasonable £12,000 per annum.

We are advised that the business rates payable are approximately £500 per Annum. (This figure to be confirmed).

Hours

Monday to Friday 9am-6pm
Saturday 9am-4pm
Sunday Closed

Staff

The business is run and managed by our client with the help of four full time members of staff.

Financial Profile

Start Tyres generates a current advised turnover of circa £208,000 per annum.

Location

Star Tyres is located in Coventry in Warwickshire.

Coventry is a city and Metropolitan borough in the West Midlands. Historically part of Warwickshire Coventry is the 9th largest city in England and the second largest in the West Midlands region with a population of 345,385 in 2015.

Coventry is 19 miles east-southeast of Birmingham, 24 miles southwest of Leicester, 11 miles north of Warwick and 95 miles northwest of Central London. Coventry is near the M6, M69, M45 and M40 motorways. It is served by the A45 and A46 dual carriageways. The A46 gives a direct link to the M49 making use of the Warwick and Kenilworth bypasses.

Star Tyres is ideally situated on a busy industrial estate alongside other complimentary businesses. The business is well presented and maintained with clear visible signage and free parking immediately outside the premises.

Premises

Star Tyres occupies a generously proportioned single storey industrial unit and briefly comprises;

Workshop
Generous workshop with concrete flooring, roller door to front, high ceilings and fluorescent lighting, 3500kg four poster ramps and nearly new Platinum two poster ramp, tyre racking, perimeter work benches, tyre machine, wheel balancing machine, Clarke compressor. Perimeter shelving.

Staff Room
Stainless steel sink and Rainer with cupboards beneath, space for fridge and microwave, room for table and chairs.

Office
Tiled floor, window to front, bespoke counter with card machine and computer monitor

To the front of the business is a good-sized carpark for approximately twenty cars and an external four poster ramp.

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