Freehold Garage Services Car Repairs In Leeds For Sale

Business description

Freehold Garage Services – Car Repairs, Maintenance & MOT Station Plus 3 Bed bungalow with gardens

This is a fantastic opportunity to acquire a garage services business which is located to the South of Leeds on a busy main trunk road. It affords new owners numerous opportunities to expand the services of this business whilst building upon the success that the current owners have enjoyed since 1967. Together with the garage is a large three bedroom bungalow with gardens in which one of the two partners currently lives.

This is a traditional garage which specialises in expert motor vehicle repairs, servicing and class 4 MOT’s together with a small amount of tyre and battery sales to their customers. They offer a cost effective and friendly service with the ability to work on all makes of cars. There is a car wash and air line on site which are owned and serviced by an external party, with the turnover split between both parties.

Over the past forty three years the owners have built up a loyal and dedicated base of regular repeat clients. They are known for their honesty, integrity and reliability with the majority of their business coming from private motorists. The business is competitive with other local service and repair outlets, choosing to differetiate itself by the quality of its service, ensuring that the busines has outlived many other local competitors that have fallen by the wayside.

This is a small independent garage with a well-equipped workshop offering friendly and genuinely personal service from a first class, well experienced team. It has demonstrated consistent financial performance throughout its many years of operation and is well managed by the current owners, representing an excellent investment opportunity for anyone wishing to acquire a garage services business and freehold bungalow with enormous growth potential.

Key Strengths:

• Well equipped workshop with MOT bay and all other equipment
• Excellent name and reputation
• Established for over 43 years
• Freehold site with large forecourt
• Continuous work in progress with regular repeat customers
• Profitable business with low overheads
• Extra income from car wash and air line
• Large three bedroom bungalow with secluded gardens to the rear
• Good growth potential

Equipment

All fixtures fittings and equipment are included within the sale of the business.

• 2 x two poster lifts
• Two pits
• Class 4 MOT bay
• Compressor
• Tyre fitting and balancing equipment
• Fuel injection specialist cleaning equipment
• Welding equipment

Financial Information:

The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.

The company has a turnover of circa £321,000 per annum with Operating profits of circa £90,000 per annum.

The freehold site including the garage and the bungalow were valued in 2008 at £990,000. The asking price of £750,000 is an attractive investment opportunity, and an early viewing of this freehold site and business are highly recommended.

Property information

Property:

Freehold

Location:

The total site including the Garage and the Bungalow is circa Three Quarters of an acre.

The Garage has a large forecourt at the front which could easily be used as a used car sales area. Inside there is a reception/shop area with a small office, kitchen and storeroom at the rear. The workshop houses all of the equipment including the ramps, pits and MOT bay. There is a flameproof area at the side of the garage which is used as a spray paint area and there is a full extraction system installed which is currently under repair. At the side of the garage is the car wash area and there is also an air line.

The bungalow is next door to the garage on the same site. There is a large open plan lounge/dining area with a fitted kitchen and a master bedroom downstairs. At the back of the house is an attractive conservatory and there is also a bathroom/toilet and storage cupboard. The loft has been converted to give extra space and is used as two double bedrooms at present. At the rear of the property are two secluded gardens offering maximum privacy with rockery and mature trees. The bungalow has secondary double glazing to keep any noise out and has gas central heating throughout.

Business Operation

Expansion potential:

There is tremendous growth potential for this business and for the site. The demand for garage services is as strong as ever. New owners contributing fresh ideas, enthusiasm and motivation will have every advantage of building upon the excellent platform that the current owners have laid down.

The large forecourt at the front of the building lends itself to a used car sales operation and this area could easily be re-developed for a small investment. Inside there is also a reception/shop area which at present is not being utilised to the full.

The business has not felt the need to invest in any advertising or marketing. The current owners have been happy to work only four days per week on the business that comes in regularly from their loyal customers. New owners would be able to attract new business from a small marketing campaign to promote the business and to open on a Saturday morning.

Reasons for selling:

This is a genuine retirement sale for both owners.

Trading hours:

The business hours are; Monday – Friday 8.00am – 5.00pm and closed Saturdays and Sundays.

Employees:

This is a family run business with two brother running the workshop and one of the brothers wives running the administration side of the company. They employ a full time apprentice who is currently taking their NVQ exams.

Years established:

1967

Other information

Support & training:

The owners would be happy to help with a smooth transfer of the business in any way possible.