For Sale Vehicle Repair Garage In Village Location

Business

Hilton Smythe welcomes to the market this vehicle garage. The garage was originally established in this location by our clients in 1986. This family run business, benefits from repeat loyal trade and word of mouth recommendations. Our clients are now looking to sell the business, due to the desire to take a well-deserved retirement.

The business runs as a general vehicle repair garage offering a variety of services. The garage does not offer MOT’s but carries out repairs for MOT failures and preparations. The business specialises in wheel balancing, diagnostics, exhausts, timing belts and clutches to name a few.

The business is currently generating an advised turnover of around £304,000 per annum, with a gross profit of 31%. The garage is a great success in this location and has great clientele. There is little competition in this village and much trade is generated from the locals.

We feel that there is potential to introduce car sales. The premises have a good-sized forecourt from which the new owners could stock some cars. This could be a good asset to the business.

Overhead costs are very little, with low rent. The garage is also exempt from paying business rates. The property is well-suited to the trade and all equipment is included in the sale.

This is a fantastic opportunity that is not to be missed. Hilton Smythe highly advise early viewing to take in the full potential of the trade.

Location

The garage is located in Lancashire.

The business is situated in a residential location, from which the business derives much of its trade. The garage is set back, just off the main road, there is ample parking and a large forecourt with the premises. The road on which the business is located is an arterial road.

Premises

The garage is situated in a property, perfect for the trade. To the side of the building is a large forecourt, which is used as the staff and customer car park. There is also car parking for the vendor to the rear of the premises. Also, outside is a WC and sink. There is an oil tank used for waste oil.

At the front of the property there is a separate door leading to the reception area. In this room, there is a seating area for customers, reception desk, telephone point, card machine, filing cabinets and printer. There are a further two desk for staff. To the rear of the reception area is a staff area with a fridge, seating and a microwave oven. A door leads into the garage workshop area.

There are two entrance bays to the garage with roller shutter doors. There are two 2 post lift Tecalemit and a 4-post lift – also Tecalemit. The property is alarmed but there is no CCTV. Around the garage are various shelving units holding tools and there are also various work benches.

Equipment included in the sale, is as follows-

Hella diagnostic equipment.

Compressor (Ingersoll Rand)

Waste oil tank

3 x large oil drums

Locked secure cabinet

3 x trolley jacks

2 x transmission jacks

Mig welder and vice

There are also 2 vehicles included in the sale. This includes a Belingo van and a Rover Car.

Tenure

We are advised the business is being sold as a Leasehold opportunity.

Original lease length: 7 years

Remaining lease length: 3 years as of 2016.

Rent: £3,225 per quarter

Hours

The business opening hours-

Monday – Friday: 9am – 5pm

Saturday & Sunday: Closed

Staff

The business is run and managed by our clients, with the help of four members of staff.

Financial Profile

The business generates a turnover in the region of £304,000 per annum.

Gross profit 31%