Business for sale

Business description

Advent Business Sales are pleased to have been instructed to market this excellent repair and service garage, which was established by our client some 20 years ago and is only now being offered for sale due to his impending retirement.

Approximately 40% of our client’s turnover is attributed to contracts that he has to service and repair the vehicles of local taxi firms with the remaining 60% being from retail customers.

Included in the sale price if the following equipment:
• 2 x 2 post single ramp
• 2 gearbox hoists
• Compressor
• Hydraulic press
• Engineering hoist
• 3 x jacks
• Mig welder
• Acetylene gas welder

STAFF DETAILS
The owner runs the business alone
EXPANSION POTENTIAL
The business currently turns work away on a very regular basis, so would ideally be purchased and run by 2 workers. There is also good scope to do MOT’s and bodywork repairs.


TRADING HOURS
Mon – Fri: 8.00am – 6.00pm
Sat: 8.00am – 12 noon
Sun: closed
BUSINESS PREMISES
• Ground floor area of approximately 1350 sq ft
• First floor mezzanine area of approximately 550 sq ft
• Small office
• W/c to the front.


TENURE: Leasehold
Original lease: 10 years
Remaining lease: 10 years
Review every: 5 years
Rent: £12,000 per annum

We are advised that the annual business rates are currently: £2,300