Garage For Sale

Business description

Advent Business Sales is pleased to have been instructed to offer to the market this extremely well established and thriving garage.

The business, which commenced trading in 1990 was founded by our client and is only now being reluctantly offered for sale as he wishes to retire.

The garage enjoys an excellent reputation for quality work at reasonable rates, which are considerably below those of main dealer levels.

The business offers a collection and delivery service to repair any make or model with 95% of customers being the general public.

Our client staffs the garage only, with all work arriving by personal recommendation and word of mouth.

The business is being offered as a fully equipped concern where a new purchaser could turn up on day one and trade profitably.
The equipment includes:
• 2 compressors
• 3 trolley jacks
• 4 pullers
• Engine hoist
• Bell lifters
• Various clamps and hand tools

We are advised that stock at cost is approximately £500.
REF: 8927RG

Property information

Property:

Leasehold

Lease terms:

TENURE: Leasehold
Original lease: 7 years
Remaining lease: 1 year
Review every: 7 years
Rent: £15,000 P.A.

We are advised that the annual business rates are currently: £2,700

Living accommodation:

Ground floor lock up premises with the first floor and separate building currently let out at an annual rental income of £7,200 per annum. The garage briefly comprises of: Ground Floor • Double doors opening up into a 2 car bay with a side office and kitchen area and separate w/c • Own large car park which can accommodate approximately 15 cars

Location:

The business is ideally located close to the centre of a major town in Berkshire. Surrounded by residential properties, it is close to the town centre and also has both the bus and railway stations nearby.

The garage has its own large car park with ample facilities as well as on street parking in the surrounding streets.

The town is well served by the M4 motorway, which gives links to the nearby towns of Maidenhead, Wokingham, Thatcham and Windsor.

Other information

Expansion potential:

Although already a successful and profitable garage, the business still offers excellent scope to increase both turnover and profits further by:
1. Increasing the hourly charge out rate, which is less than half those of the main dealers
2. Employ another mechanic, we are advised that there is more than enough work available
3. Repair cars to sell from its own large car park

Trading hours:

Mon-Fri: 8am – 5.30pm, Sat: 8am – 12 noon

Financing available:

Please let us know if you require finance for the purchase of a business.

Related documents:

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• Document