Wedglen Industrial Estate, Midhurst £250,000

Chesworths are delighted to be marketing this well establish Midhurst family tyre business. This highly rated business has been in operation for over 38 years.

A perfect opportunity for any new owner looking to invest in an established business, with all the equipment included for smooth trading and an immediate takeover.

Location and Amenities:

The business is situated within an industrial estate on the outskirts of Midhurst and is ideally positioned for attracting regular local customers.

Growth Potential:

This is a perfect opportunity for any new owner to continue to build on the solid foundations of an already established and successful business and to take it to the next level.

It currently has an existing client base of over 300 customers which are mainly farm and haulage companies and are serviced by the firm’s fully equipped service vehicles. This mobile service currently operates up to a distance of 35 miles from Midhurst.

There could also be the opportunity to expand the business to offer more services within the industry, reaching a larger target market.

Financial Profile:

Tenure: Lease – Rents property only – New 10 year lease.

Turnover
                         
2000/21        £335,000.00
2019/20        £330,000.00  
2018/19        £328,000.00

Fixtures and fittings:

The business includes all stock, fixtures and fittings meaning it is fully equipped and ready for any new owner to take over.
A full list of assets is available upon request.

This is a turn the key opportunity for any new owner looking to purchase an already existing business with the potential for further growth. The business is currently open:

Monday – Friday – 8.30 am – 5.00 pm
Saturday – 9 am –   12 noon

Reason for sale:

Retirement

Asking Price:

The owners are asking for £250,000 and potential purchasers should be aware that the purchase is subject to the usual VAT.
NOTE: All enquiries are via Chesworths only.