Hilton Smythe are proud to introduce to the market Essex Auto Spares. This semi-detached corner property has been well established, and run by our clients for 22 years. They are now reluctantly selling the business due too other business interests.
At this open plan store, they offer a range of products for vehicles such as cleaning products, wipers, paint and conveniently parts to keep a car maintained. This business also offers services such as a car servicing and repairs. Which takes place in the small workshop to the side of the property.
This shop benefits from the local areas footfall, generating an advised turnover of £70,000 per annum, with a gross profit of 56.0%.
The business is small however it has gained a lot of loyal repeat custom over the years and is well known throughout the local area with repeat local clients.
I advise early viewings for this business as there is room for growth, with a little tlc this store could certainly thrive.
Essex Auto Spares if located in Hornchurch, Essex.
Situated on Hornchurch Road, in a densely populated area. The business is on a main road and is surrounded by many more retail outlets, such as café’s, Dreams store, Gym and also St Mary Mother of God rc Church, and St Marys Catholic Primary School, ensuring good footfall.
This business, is easily accessible with two train stations within a few minutes’ drive, Emerson Park Station, and Romford Station which takes you through to London. The busy Romford Town centre is only a 10 minute drive away. Running past the store are frequent buses, which serve this well-known area.
This premises is in a perfect location, with parking outside of the shop. The exterior has a Perspex sign above the door and around the side of the premises, highly visible to passing trade. On the outside is also a reasonably sized work shop with multiple vehicle jacks, ramps with various tools and tool cabinets.
At the front of the shop is a large window used for displaying products. There is multiple shelving around the shop, and units for displaying a wide selection of vehicle parts and accessories.
There is a mid-height counter with a pc, card machine and a till, straight facing the door.
At the back of the shop is multiple shelving units and metal racks used to store vehicle parts and accessories, either to use in the workshop or to sell in the shop. In this area is a small staff area with some kitchen essentials and a WC.
We are advised that the business is a leasehold.
Original length of lease, 10 years.
Remaining years of lease, 5 years.
Rent £15,000per annum
Our client currently runs and manages the store with 1 full time member of staff.
We are advised the turnover for the business is around £80,000
With a gross profit of 56.0%