Leasehold Garage & Car Sales Business For Sale

Business description

Bag a Business Ltd is delighted to offer the sale this thriving and highly regarded MOT station, garage services and car sales business, in Blackburn, Lancashire. There has been a garage services business based here since 1940, which has built up an enviable reputation throughout the local area, benefiting from much repeat custom. Currently annual turnover for the garage services and MOT work is in the region of £200,000 achieving a 60% gross profit, as well as an annual turnover of £625,000 for the car sales, which achieves a 13% gross profit. There remains infinite scope to develop turnover further as the business is currently run at a pace to suit our client, employs no salesmen and does not have an accessories department for parts or alloy wheel and tyre sales. The business benefits from particularly spacious premises with three workshop areas, as well as an office and customer waiting area. In addition, the premises also have an exceptionally well appointed, one double bedroom self-contained flat on the first floor, which is currently rented out on a casual basis. There is also a retail unit to the front of the premises, which is sub-let on a long-term basis generating an additional income of £500 a month. This is a unique opportunity to purchase such a thriving and well supported local business. Early discussions with Bag a Business Ltd must come highly recommended.

Property information

Property:

Leasehold

Lease terms:

Leasehold
New lease to be negotiated
Rent: £35,000 per annum

Living accommodation:

PROPERTY DETAILS Lock up garage premises with extensive car sales forecourt, a first-floor flat and secure car parking. GROUND FLOOR Workshop & MOT station with roller shutter doors and 4 post ramp Additional workshop area with rolling road and roller shutter doors Main workshop fully equipped with 3 x 2 post ramps, compressors, welding equipment and additional side entrance Preparation garage with scissor ramp Reception area with service desk and customer waiting area Accounts office. WC with wash basin. Mezzanine level for additional product storage (Additional shop unit at front of premises currently leased out on a long-term basis to a travel agents business generating an additional weekly income of £125) FIRST FLOOR Self-contained one-bedroom flat - currently leased out on a casual basis for £85 per week, briefly comprising: Double bedroom Lounge and open plan kitchen area Bathroom with bath, walk in shower, WC and basin. EXTERNAL Wide double frontage. Car sales forecourt to side and front of premises for 26 vehicles. Car valet and preparation area

Location:

Station Garage is situated on a prominent, corner trading position on Livesey Branch Road, within the Feniscowles area of Blackburn, in Lancashire. The premises occupy a spacious site with a wide frontage and a spacious forecourt, in addition to customer and staff parking facilities. It is located within a popular residential area, from which the business also generates much repeat custom. It is situated on a key bus route and within a mile and a half of the centre of Blackburn. Livesey Branch Road is also the main A6062 trunk road and one of the major arterial roads in the area, thereby generating much passing trade. It is easily accessible being less than 1 mile from junction 3 of the M65 motorway, which links Backburn to Preston, and on to the M6 and M61 motorways.

Other information

Trading hours:

Mon - Fri: 8.30am - 5.30pm Sat: 8.30am - 5.00pm Sun: 12.00pm - 5.00pm