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BUSINESS REFERENCE : 1049 / RightBiz 1049: LEASEHOLD GARAGE, OXFORDSHIRE | | | | | | Phoenix Business Transfer Agents are delighted to place onto the market this Garage which has been owned by our clients since 1994 who now wish to sell due to ill health. The business has been established for over 20 years and undertakes repairs, maintenance and servicing of heavy and light commercial vehicles as well as motor cars and vans. In particular the business specialises in a small percentage of classic cars. The business also offers a 24 hour vehicle recovery service. | | | BUSINESS LOCATION: | Bicester Oxfordshire UNITED KINGDOM | | BUSINESS SECTOR: | Motor & Transport | | TRADE TYPE: | Garages | | SALE: | Agent Sale | LEASEHOLD: | £95000 | ANNUAL RENT: | £18552 | | | | | | | | | | | BUSINESS DETAILS: | Location
This concern is ideally located on a prestigious industrial estate in the market town of Bicester, Oxfordshire. There are many prestigious businesses on this estate which also has easy access for clientele.
Bicester itself is an expanding market town which lies just off the M4 motorway and is some 15 miles from Oxford city Centre. The area is attracting more and more affluent and professional couples.
Business Details
Phoenix Business Transfer Agents are delighted to place onto the market this Garage which has been owned by our clients since 1994 who now wish to sell due to ill health. The business has been established for over 20 years and undertakes repairs, maintenance and servicing of heavy and light commercial vehicles as well as motor cars and vans. In particular the business specialises in a small percentage of classic cars. The business also offers a 24 hour vehicle recovery service.
The garage employs 2 full time mechanics as well as one of the owners being a full time mechanic and the other administrative.
The charging rates are £40 per hour for cars and £45 for commercial vehicles. This is presently under review.
There is a lot of potential in this business. With more marketing and a more energetic approach turnover and profits could be increased. There is also much corporate work locally which our clients have not undertaken due to ill health and impending retirement.
Our clients would be available for a business familiarisation period if require.
Property Details
This large steel and brick construction unit is approximately 2800 ft is a very spacious unit. To the front is an office and reception area and to the rear is a very large workshop and toilets.
Included in the equipment are 3 ramps including 2 x 4 poster ramps and 1x 6 poster commercial ramps. There is three phase electric and as part of the equipment there is also a mechanical hacksaw, cutting and welding gear, trolley jacks, axle stands, 2 engine cranes, parts washer, diagnostics machine, oil pumps, large lathe, air compressor, waste oil tank and a 30 ton press.
External
There is a large concreted area for vehicles.
Financial Details
The turnover over the last 3 years has been consistent at approximately £200,000 with a gross profit of approximately £131,734. The equipment and fixtures and fittings are valued at approximately £15,000. The total wage bill per week is £514 including wages for owners
Opening Hours
Mon – Fri: 08.30am – 6.00pm
Sat: 08.30am – 12.30pm
Tenure: Leasehold
This is a rolling lease
Rent: £18,552 per annum. | | | | | | FOR SALE | | | | | SELLER: | PHOENIX BUSINESS AGENTS | | CONTACT: | 0844 567 5016 | | REFERENCE: | 1049 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
