Sold. Profitable Independent Tyre Business -retail & Online

Profitable Independent Tyre Business Retail & Online
Ref. AL242
Location : Staffordshire
Asking Price : GBP 80,000
This very highly regarded and well established company has been successfully trading in the area for over 20 years and specialises in the supply and fitting of both new and part worn vehicle tyres (predominantly cars but also caters for motorcycles, 4X4s and vans).

Approximately 90% of revenues are generated from retail sales both on site and online with the remaining 10% being wholesale. The company provides a comprehensive tyre fitting and wheel alignment services at its own centrally located depot as well as providing tyres on a supply only basis. Approximately 35% of the sales are for new tyres and the remainder is for Premium Brand part worn tyres. At time of going to market all online sales (approx. GBP 50,000 p.a.) are for part worn tyres but there is no reason why this cannot be expanded to include new tyres as well.

Range of services includes:

Tyre sale and fitting
4 wheel laser tracking alignment
Wheel balancing
Puncture repairs
Wheel re-sealing
Valve replacement
Specialist tyres inc. space savers, extra load tyres, steel wheels etc.

This independent company has a very impressive track record and experience of working with most types of car tyres, particularly within the 16 to18 market. The business has excellent relationships with European suppliers that ensure it has access to the right tyres at the right prices. It is very competitive in the market such is its buying power and reputation.

The core of the business comes from its bank of regular retail customers who value the companys expertise and service levels. Fully compliant with all the necessary legislation and regulations, the company has an excellent standing in the industry.

With very impressive levels of profitability, a regular client base and good levels of equipment and infrastructure this family run business is an attractive proposition to any investor. The vendor is looking for a quick sale hence the competitive asking price.

This is an excellent opportunity to acquire a progressive and profitable organisation. The business is ideally positioned for a new owner, bringing fresh energy and new levels of business acumen to maximise the many opportunities at its disposal and take it through its next period of growth.

Expansion Potential
With an enviable reputation within the industry and renowned for always meeting if not exceeding client expectations there is an outstanding opportunity to build on the existing services and customer base of this company. The business has a relatively local customer base that could be developed further. It could expand its geographical spread further afield should a new owner so wish as the demand is there.

The vendor has tended to be reactive rather than proactive over recent years through choice. The business is currently run to support the family members who work within it. It could easily be re modelled to improve profitability further, and scaled up should a new owner wish to invest in further resource.

Market / Competition / Non-Competition Agreements
Having established an excellent reputation for quality, technical ability, reliability and professionalism the business has little need for advertising, relying on the most cost effective forms of marketing recommendations, referrals and repeat business. In saying that, it does have a basic yet informative website that could be developed further.