| (REF: 1081MK) Freehold MoT Garage With Development Potential |
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| Seller Reference: |
1081MK |
| B4S Reference: |
26544 |
| Asking Price: |
£650,000
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| Net Profit: |
£50,207 |
| Sales Revenue: |
£534,637 |
| Number of Staff: |
Send enquiry for more details. |
| Established For: |
Send enquiry for more details. |
| Ownership: |
Freehold |
| Location: |
Undisclosed, Bedfordshire, United Kingdom |
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HISTORY
• Formed by the current owner over 42 years ago.
REASON FOR SALE
• The vendor wishes to retire.
PRODUCTS & SERVICES
• Class 4 MoTs undertaken with an average of circa 25 to 30 per week completed.
• Servicing for most makes and models
• Mechanical repairs, which are currently charged at a labour rate of £55+VAT per hour
• Used vehicle sales with circa 5 to 6 sold per calendar month
• Unleaded and diesel fuel sales with circa 9,000 litres sold per month
• Tyre fitting and wheel balancing
• Shop sales of circa £1,000 per week
• The shop stocks a range of products suitable for children from the school opposite the premises, including confectionery, crisps and biscuits.
• They also sell oil, wipers, polish and other vehicle accessories.
• Calor Gas bottle sales of circa 20 per month
• Valet bay
CUSTOMERS
• The garage benefits from an unopposed village trading location from where the majority of its customers come
• There is also passing trade as the premises are on a busy through road
STRENGTHS
• An exceptionally well established garage which has been trading for over 42 years
• Unopposed village location on busy through road
• Situated opposite the village school so it attracts a lot of school children to its shop
• Excellent base level turnover of circa £65,000 per annum just from doing MoTs
• A multi income stream business
DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967).
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Property: |
Freehold |
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Lease Terms: |
• Freehold
• Rates £6,000 pa
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Living Accommodation: |
No |
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Details of Accommodation: |
• Detached property situated on a circa ¾ acre site with one camera CCTV and fully alarmed
• Full height steel sliding doors to the main workshop
• On site parking for approximately 35 vehicles
• Petrol forecourt with 2 x twin pumps
• Retail shop to the side with counter and till
• Rear office
• Rear storeroom
• Car valet area to the side
• Car showroom to the side with space for circa 6 cars
• Large workshop, fully equipped with the following;
• Class 4 MoT bay
• 4 poster ramp
• 3 poster ramp
• 2 poster ramp
• Diagnostic equipment
• Tyre changer and wheel balancer
• Compressor
• Pick up truck, which can carry one vehicle
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Location: |
• The garage is situated on an edge of a popular village in Bedfordshire.
• It has an unopposed location with the nearest competitor approximately 57 miles away
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• Expand the shop into the rear office to offer a wider range of products
• Increase the numbers and mixtures of cars offered for sale
• Open longer for fuel and shop sales
• Offer a courtesy car if a car is booked in for repair
• The site could be suitable for other uses such as a supermarket, Industrial Units or other retail space etc.
• The vendor informs us that there may even be the potential for residential development subject to obtaining relevant planning |
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Is this a home-based business? |
No |
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Can this business be relocated? |
No |
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Is this business part of a franchise? |
No |
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• Monday to Friday 8am to 5.45pm
• Saturday 8.30am to 2pm
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• 3 full time staff including the vendor
• 1 full time self employed mechanic
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