Fully Equipped Freehold Service Station In South Wales For Sale

Business description

The particular highlights of the business are:
- A well established business.
- Good loyal clientele.
- Fully equipped business with favourable lease terms (see below).
- Turnover in excess of £40,800 pa (see financial summary below).
- A business with great potential.
- An easily run operation.
- A good first time buyers business and ideal purchase for an existing automotive service & repairs business looking to enhance their operations
- Low rates.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation.
- The concern provides automotive service & repairs, convenience store and car wash. All three services are sub-let and generate rental income only. New owners would be in a great position to take ownership of the services and generate a lucrative income.

History
Phoenix Business Transfer Agents are delighted to place onto the market this freehold service station which has been established since 1950. The business has been in the hands of the current owner since 2007 and he now wishes to sell due to ill health.

Services
This very good business opportunity provides automotive service & repairs, convenience store and car wash.

Staffing
The concern employs no staff and is family run.

Owners Role
The owner is involved in the day to day running of the business.

Marketing
No marketing or promoting of the business has recently been undertaken as the business is well known.

Competition
There is no local competition.

Market
The client base consists of local residents and businesses within a 10 to 15 mile radius.

Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the services to include MOT and additional mechanical servicing (planning permission is already in place and the workshop and car hoists are present.
• Becoming more efficient with staffing levels.
• Takeover ownership of the convenience store and service & repairs.
• There is plenty of scope to re-introduce petrol, diesel and LPG services.
• Working more hands on hours and saving on wages.
• With the introduction of a website and e-commerce.

Training and Handover
The owner would be available for an extensive training and handover period 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 annual turnover is £40,800 from rental income.
The potential turnover of the business within the next 2 years is forecast to reach £140,000 pa if the MOT centre is sub let, however the full potential turnover given the changes of ownership of the various services required to be made to the business could easily generate up to £350,000 pa. 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.


Disclaimer
These details do not constitute part of an offer or contract.
The statements and descriptions given are made without warranties by Phoenix Business Agents Limited who it should be noted have NOT verified the information provided.
Purchasers should in all cases undertake financial due diligence using their own professional advisors before committing themselves in contract rather than relying on illustrations ,figures and information given on behalf of the seller.

Property information

Property:

Freehold

Location:

- Situated in the Abertillery area of South Wales.
- Prominent location on main arterial road.
- Excellent free parking facilities nearby.
- Industrial estates nearby.
- Surrounded by a densely populated residential area with schools and other local amenities.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- Commercially thriving area.
- Well linked with the A4067, A4046 and M4.
- Newport, Pontypool and Blackwood all lie close by.
- Area enjoying much growth and regeneration.
- A lifestyle area.
- Excellent local demographics for this type of area.

Premises details:

The property is detached and is approximately 3500 sq ft internally with the addition of the forecourt. The front is branded. There are electric shutters. The main customer service area of the shop is tiled. The workshops and forecourt are cemented with a middle aisle. It is very well presented and is very conveniently laid out.

To the rear there are store rooms, office space, a reception desk and toilets.

Size in square feet:

3500 sq ft

Business Operation

Expansion potential:

The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the services to include MOT and additional mechanical servicing (planning permission is already in place and the workshop and car hoists are present.
• Becoming more efficient with staffing levels.
• Takeover ownership of the convenience store and service & repairs.
• There is plenty of scope to re-introduce petrol, diesel and LPG services.
• Working more hands on hours and saving on wages.
• With the introduction of a website and e-commerce.

Competition / Market:

There is no local competition.

Reasons for selling:

now wishes to sell due to ill health.

Trading hours:

Open 7 days a week.

Employees:

The concern employs no staff and is family run.

Years established:

61 years

Other information

Support & training:

The owner would be available for an extensive training and handover period 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.