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Garage for sale

Oyster Estate, Jackson Close, Portsmouth, Hampshire, PO6

£114,995
271 sq. m.

Property Description

Commercial information

  • Business for sale
  • 2,917 sq ft (271 sq m)

Key features

  • REF: 14213 i
  • LEASEHOLD
  • TYRE SPECIALIST

Full description

Tenure: Leasehold

BUSINESS
Hilton Smythe are delighted to present to the market Part Worn Tyres 4 U, established by our client in 2000 and now offered for sale to allow him more time to concentrate on other business interests.

The highly renowned tyre changing business operates mainly supplying to domestic customers with some work for local taxis as well as some wholesale orders. They have the largest stock of part worn tyres on the south coast with thousands of tyres in stock; with brands such as Pirelli, Continental, Goodyear and Michelin.

95% of the business is part worn tyres and 5% supply of new tyres.

Our client has 2 very good websites 'partworn-tyres4u.co.uk' and 'newtyres4u.com' and is the top tyres supplier on the eBay site. They are No 1 when potential a customer carries out a search using Google.

They offer a full fitting, balancing and puncture repair service on site. Currently our client fits approximately 200 tyres per week.

Our client informs us he is receiving a large increase in demand for larger tyres for 4 x 4 vehicles and his competitive pricing is resulting in an additional 1,000 sales per week.

A full handover can be offered if required.


LOCATION
Part Worn Tyres 4 U occupies a large unit on the Oyster Industrial Estate, Jackson Close in Farlington, Portsmouth.

The business sits alongside many other complementary garages, light manufacturing businesses and office units. There is also a large retail park with major DIY stores as well as a busy Sainsbury's supermarket.

The location is ideal to both the centre of Portsmouth and the harbour as well as the A27 south to south west coast link road which connects Brighton 50 miles to the east and Southampton 22 miles to the west.

There is both customer parking off road and on the streets in front.

PREMISES
Front courtyard -
Up to 10 cars capacity.

Main garage -

Double height roller shutter entrance.
Customer waiting area and service desk.
Toilets
Tyre racking to left, middle and right of unit.

Equipment includes; 3 tyre changing machines, 2 x balancers, 5 impact guns and 8 jacks.

First floor -
Kitchen area.
2 x 150L compressors.
Further tyre storage area.
Management office.

TENURE
The business is being sold as a leasehold opportunity.

A new 5 year lease has been granted as of 2017.

Rent 13,500 per annum.

Rates payable 4,400 per annum.

HOURS
Monday to Friday: 8.30am - 5.30pm
Saturday: 9am - 4pm
Sunday: 10am - 2pm

STAFF
The owner works full time, with the help of 2 full time fitters.

FINANCIAL PROFILE
2016 accounts show a turnover of 200,000, with a gross profit of 60%.


Map & Street View

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