Busy Local Garage With Excellent Reputation In Middlesex For Sale

Business description

HISTORY

• Established by the vendors 35 years ago as an independent specialist
• Reliable repeat customer base carefully nurtured
• Business based strongly upon service ethic
• Incorporated 2005
• Ongoing programme of investment to ensure current legislative requirements are met

REASON FOR SALE

• Vendors wish to retire

SERVICES

• Servicing and mechanical repairs for most makes and models of car and light commercial vehicles forms 80% of the work
• MoT preparation with around 15 to 20 MoT sub-contracted monthly

• Light bodywork repairs undertaken accounting for 10% of turnover
• Vehicle sourcing and sales account for around 10% of turnover
• Courtesy cars provided
• Some specialist work undertaken for track day and classic cars

CUSTOMERS

• Vast majority of customers now loyal repeat business
• Approximately 2,000 names on the database
• Personal customer base drawn mainly from the immediate locality accounting for approximately 70% of work
• Local businesses account for remaining 30%
• Rail commuters

SUPPLIERS

• Consumables purchased from a variety of trade wholesalers

STRENGTHS

• Enviable local reputation established over many years
• Consistent financial performance with solid profits for the new owner
• Excellent location close to rail stations and local supermarket
• Customer base substantial with high repeat rate
• Affluent area of London
• Substantial quantity of equipment and vehicles included within consideration price








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 These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants.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).

Property information

Property:

Leasehold

Lease terms:

• Leasehold
• Original Lease 10 years
• 8 years remaining
• Rent £15,000 per annum
• Rates £5,056 per annum

Leasehold rent:

£15,000 per annum

Location:

• Trading from traditional garage premises, with forecourt, in busy suburban area
• Off road parking for customers, staff and visitors
• Densely populated and with good mix of commercial, retail and residential use
• Close to 3 railway stations and adjacent to “metro” style supermarket

Premises details:

• A traditional garage and forecourt facility, with office and reception area comprising briefly:
o Parking/sales forecourt for approximately15 vehicles
o WC
o Reception area
o Office
o Main workshop with 5 work bays
o CCTV
o Alarm
• Equipment comprises briefly:
o 2 x 2 post ramps
o Diagnostic equipment
o Oil storage facility
o Compressor
o 2 courtesy vehicles
o Sundry tooling

Business Operation

Expansion potential:

• Considerable scope for business development with advertising and marketing limited at present
• Introduction of website
• Focus on additional commercial contracts
• Increase in labour rates
• Introduction of MoTs
• Fast fit tyre and exhaust depot
• Expansion of vehicles sales
• Potential for development of the site
• Weekend opening

Trading hours:

• Monday to Friday 8.30am to 6.00pm
• Saturday and Sunday closed

Employees:

• 2 vendors run the business on a day to bay basis and are involved on a full time basis • 2 full time mechanics