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Recently Refurbished Tyre Retailer – Nottinghamshire for Sale

Nottingham, Nottinghamshire

Freehold : £ 299,500
Turnover : £ 5,000 p.w.

The business is located in a prime corner position on a busy main through road in Sherwood, a large residential area north of Nottingham. The surrounding area is densely populated and provides an excellent regular customer base from which the business draws its main trade. The immediate areas also have a good display of residential homes which also contribute to the high footfall of the area. Nottingham has become a hugely popular business and residential location due to its excellent central shopping facilities, good quality University, fine schools, hospitals, affordable housing and historic attractions. There are many popular neighbouring areas such as Derby, Leicester and Chesterfield which are all within a short drive away. Accessing the area is very easy via the M1 motorway which is situated just under 4 miles away.

Genuine reason for sale due to retirement
Situated in the busy city of Nottingham
Advised annual turnover of £260,000
Densely populated residential area
Easy to run - training provided
Walk in condition
Good reputation

Business History
Meridian Business Sales are delighted to offer this sought after business which was established by our client in 1980. The only reason this recently refurbished business is being offered to the market is due to our clients desire to take well deserved retirement. Since the business was established our client has invested time and money into the business and premises to the point where it is in full walk in condition. Our client has continually developed and improved the business, continually adding new lines and income streams which have enhanced the business massively. Our client informs us that the annual turnover currently runs at £260,000 with an excellent profit margin, which is derived from offering all customers a first class service supplying and fitting a wide range of car tyres including 4x4 tyres, van tyres and high performance tyres competitive prices together with offering a wheel balancing and wheel alignment service. Our client enjoys a strong reputation within the community and beyond and as such has a high level of regular and repeat trade together with word of mouth recommendations. Currently the business is owner operated with 2 full time and 1 part time staff and our client is happy to provide training during the transition period. There is scope to offer customers MOT preparation and there is an opportunity to offer MOT’s which may increase income. There is a 2 bedroomed self contained flat above the business premises which has recently been decorated. Benefiting from a professional website the business offers a drive in or internet booking service. This is a superb opportunity to purchase an easy to run business and as such early viewing is strongly recommended.

Trading Hours: Monday: 8:30am – 5:00pm
Tuesday: 8:30am – 5:00pm
Wednesday: 8:30am – 5:00pm
Thursday: 8:30am – 5:00pm
Friday: 8:30am – 5:00pm
Saturday: 8:30am – 3:00pm

Accommodation: The well signed, well maintained corner property comprises of a garage, workshop and self contained flat above:

Garage and workshop – well equipped for business
1 x 2 post electric ramp
1 x 4 post electric ramp
Tyre changing machines
Balancing machine
Super tracker wheel alignment

FIRST FLOOR – owners’ accommodation

1 single bedroom
1 double bedroom


Off road parking

Tenure: We are advised freehold
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287 Advert ID 48376    Sellers Ref : 4577/BSOL

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