Business for sale

Business description

Advent Business Sales are pleased to offer to
the market this very well established garage,
which originated 50 years ago.
The number of regular customers it has and
their return rate can measure its success, over
the years.
The present owner has had the business for
the last 23 profitable years, but is now
forced, by serious illness, to retire.
Because of this fact, he has, in recent years
been cutting down on the business opening
hours and farming out some of the work
received.
The garage is primarily a mechanical service
centre with full MOT facilities, as well as
tyre and exhaust supply and fit. To this end,
it has two distinct car bays.
Its customer base is both local and to a 10
mile radius of site.
We are advised that stock at cost is
approximately £5,000.
The one full time employee and the owner
staff the business.
We strongly recommend that this freehold
garage is viewed at the earliest opportunity.
It would suit a partnership of two younger,
keen, intelligent mechanics possibly from
dealerships who feel ready to be their own
boss.
REF: 8961S
TRADING HOURS
Mon-Sat: 9am – 1pm
EXPANSION POTENTIAL
This is by virtue of the present opening
hour’s fantastic, extension up to 8.30am –
6pm on Monday to Friday closing times
would generate much higher turnover.
There is always a demand for Saturday
morning openings.
Specialising in electronic tuning would be a
must but is a very lucrative avenue to higher
turnover.
FINANCIAL INFORMATION
We have been advised by the vendor of the
following:
Annual sales: £126,355
Gross Profit: 43%
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
• Bay One;
• This is primarily used for tyre and
exhaust fitting. It has a hydraulic
ramp, compressor, wheel balancer
and tyre fitting machine. The bay is
spacious and more than 3 cars could
be attended to the any one time
• Bay Two:
• This is for mechanical work and
MOT testing and is fully fitted out
with two hydraulic ramps and one
pit. A rolling road break tester, gas
analyser and all relevant MOT
testing equipment
• Between the two bays is a small
kitchen and also w/c
• Reception desk and also a small
office
External
• Paved to the roadway with
correctly dropped curbs to the two
bays. There is also a parking area to
the far end for cars to be worked on
and completed
TENURE: Freehold
We are advised that the annual business
rates are currently: £4,000
VIEWING
Please DO NOT approach the business or its
employees without a prior appointment.
All appointments are to be made via our
office.