The Figaro Shop, the world’s leading specialist garage dealing in parts, servicing and restorations of the iconic 1991 Nissan Figaro, is expanding!
The famous business, based in Didcot, Oxfordshire, is using a £1.66 million funding package from HSBC UK to acquire a service station in Thatcham, Berkshire, roughly 20 miles to the south.
The 5,000 sq. ft. premises has been serving its local community as a service and tyre repair shop for 15 years.
The Figaro Shop will use the acquisition to diversify its operations by venturing into garage and service work for non-specialist cars. Its offering will include tyre fitting and MOT and repair services for Nissan Figaro enthusiasts of course, but also customers who own other makes and models, and local councils.
The company, which takes a socially-focused approach to doing business, is creating career opportunities as a result of the acquisition. Two new jobs have already been created in Thatcham with more on the way. In addition, turnover is expected to increase with annual profits expected to rise by 30 per cent.
Resilience and opportunity
Tobyn Brooks, owner of The Figaro Shop, said: “I am extremely committed to creating jobs and making a positive impact within communities.
‘‘The automotive industry has been instrumental in my success, and HSBC UK has been an incredible partner in supporting The Figaro Shop with future growth. This funding means much more than bricks and mortar – it represents hope, resilience and opportunity.”
Indika Perera, Relationship Manager at HSBC UK, added: “By venturing into servicing non-specialist cars, The Figaro Shop is not only enhancing its portfolio but also creating exciting career opportunities. We’re pleased to share the business’s commitment to shaping futures and empowering individuals to thrive in their careers.”
Unrivalled range
Founded in 2011, The Figaro Shop was formed with the motivation to create the very best Nissan Figaros on the market. Over ten years on, the business is a leading specialist Nissan Figaro garage, offering an unrivalled range of parts and expertise.
The Nissan Figaro was run as a Limited Edition release with only around 20,000 produced. Although intended mainly for the Japanese market, many have been imported into the UK over the years and others have found their way to countries such as New Zealand and America.
The Figaro Shop offers a wide range of services to Figaro owners all around the globe, and creates bespoke examples of the car. Each new version is built on a base car from the original production run with the client able to select their paint colour, upholstery and accessories.