Successful Leasehold Garage In Wiltshire Price Reduction For Sale

Business description

The particular highlights of the business are:
• The owner may be prepared to accept staggered payments for the business, enabling the buyer to pay from profits although a lump sum sale would be more favorably considered.
• Ideally located concern offering excellent lifestyle.
• A well established business.
• Good loyal clientele.
• Fully equipped business with favorable lease terms (see below).
• Turnover in excess of £250,000 with a net profit of £50,000. (See financial summary below). This is very impressive considering the credit crunch.
• A business with great potential which has not been exploited because the owner wishes to relocate.
• An easily run operation.
• Good loyal well trained staff.
• Very impressive local client base.

Phoenix Business Transfer Agents are delighted to place onto the market this thriving garage and car repair business which has been established since 1988. The business has been in the hands of the current owner since 1988 and he now wishes to sell due to relocation.

This very good business opportunity provides car repairs and servicing, tyres and exhausts, air conditioning repair and servicing, engine management diagnostics and MOT repairs. The charging rates are £38 per hour.

The concern employs 4 staff. 4 are full time and 0 are part time. All staff would stay on after a sale.

The owners’ role is very hands on and he works full time.

The owner does very little marketing as the business has an excellent reputation through word of mouth.

As far as competition is concerned there are hardly any local businesses that compete with this business.

The client base consists of locals within a 20 mile radius.

The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings and local and internet advertising.
• Increasing the opening hours to include Saturdays. .
• Becoming more efficient with staffing levels.
• Working more hands on hours and saving on wages.
• With an enhanced website.
• Increasing the hourly rate which has not been increased for some time.

The owner would be available for a business familiarisation period of one week for the benefit of the new owners if required. The Owner would also be happy for an on the job observation period to assess the business prior to offers being made.

The present turnover is £250,000 per annum with a gross profit of 60% and a net profit of ££50,000. The wages are £50,000. The present value of the stock is £5,000 and the fixtures fittings and equipment are worth £50,000.
In 2007, the turnover was £176,000. The potential turnover of the business within the next 2 years is forecast to reach £350,000 given the changes that are required to be made to the business. Full financial disclosure is available on request after viewings and the signing of a confidentiality agreement.
Please note Phoenix do not guarantee the accuracy of these figures which are in many cases estimated and are not verified. Please do not rely on the accuracy of these figures and seek professional help before making any offers. Phoenix will not be held liable for any inaccuracies in these figures or any other statements contained in relation to this business.

Property information

Property:

Leasehold

Lease terms:

The original length of the lease was 25 years with 21 years remaining. The rent is £11,180 pa with a review in 2 years.

Leasehold rent:

£11,180 per annum

Location:

This superb business opportunity is situated in Coombe Bissett in the County o f Wiltshire .It is on a main arterial road and enjoys much traffic flow. The area is very rural and offers an exceptional lifestyle as there are superb views all around. Business is derived from the local villages and within a 15 mile radius including Amesbury, Blandford and Salisbury.
The business is cited within a business park which contains all motor trade businesses.

Premises details:

The property is a large and very well presented workshop within a prestigious estate. There are 2 electric shutters, and the unit is 35ft x 35ft in total. There is a very comfortable reception area, a customer toilet and a washroom. The workshop is very well equipped with 2 ramps. The property is in effect 2 workshops. There is further storage on the first floor. To the front there is ample parking space.

Equipment with sale
All fixtures and fittings and equipment are included in the sale price and are valued at £ 50,000.

Business Operation

Competition / Market:

As far as competition is concerned there are hardly any local businesses that compete with this business

Reasons for selling:

he now wishes to sell due to relocation.

Trading hours:

The business operates from Monday to Friday between 8.30am and 5.30 pm

Employees:

The concern employs 4 staff. 4 are full time and 0 are part time. All staff would stay on after a sale.

Other information

Support & training:

The owner would be available for a business familiarisation period of one week for the benefit of the new owners if required. The Owner would also be happy for an on the job observation period to assess the business prior to offers being made.