Business for sale

Business description

Advent Business Sales is pleased to have
been instructed to offer to the market this
extremely well established and thriving
garage.
The business, which commenced trading in
1990 was founded by our client and is only
now being reluctantly offered for sale as he
wishes to retire.
The garage enjoys an excellent reputation for
quality work at reasonable rates, which are
considerably below those of main dealer
levels.
The business offers a collection and delivery
service to repair any make or model with
95% of customers being the general public.
Our client staffs the garage only, with all
work arriving by personal recommendation
and word of mouth.
The business is being offered as a fully
equipped concern where a new purchaser
could turn up on day one and trade
profitably.
The equipment includes:
• 2 compressors
• 3 trolley jacks
• 4 pullers
• Engine hoist
• Bell lifters
• Various clamps and hand tools
We are advised that stock at cost is
approximately £500.
REF: 8927RG
TRADING HOURS
Mon-Fri: 8am – 5.30pm
Sat: 8am – 12 noon
EXPANSION POTENTIAL
Although already a successful and profitable
garage, the business still offers excellent
scope to increase both turnover and profits
further by:
1. Increasing the hourly charge out rate,
which is less than half those of the
main dealers
2. Employ another mechanic, we are
advised that there is more than
enough work available
3. Repair cars to sell from its own large
car park
FINANCIAL INFORMATION
We have been advised by the vendor of the
following:
Annual sales 2007: £108,264
Gross Profit 2007: £56,039
Accounts will be made available to
interested parties after a viewing has taken
place.
Please let us know if you require finance for
the purchase of a business.
BUSINESS PREMISES
Ground floor lock up premises with the first
floor and separate building currently let out
at an annual rental income of £7,200 per
annum.
The garage briefly comprises of:
Ground Floor
• Double doors opening up into a 2
car bay with a side office and
kitchen area and separate w/c
• Own large car park which can
accommodate approximately 15 cars
TENURE: Leasehold
Original lease: 7 years
Remaining lease: 1 year
Review every: 7 years
Rent: £15,000 P.A.
We are advised that the annual business
rates are currently: £2,700
VIEWINVIEWING
Please DO NOT approach the business or its employees without a prior appointment.
All appointments are to be made via our office.