Freehold Mot Garage With Development Potentiial | | Undisclosed Bedfordshire | | BEDFORDSHIRE FREEHOLD MOT GARAGE WITH FUEL AND CAR SALES Unopposed location in popular village One Stop business with income from car & fuel sales, retail shop, MOT repairs & services A/T: £534,637 GP: £110,125 NP: £50,207 Further scope available to increase sales F/H: £559,000 +SAV REF: 1081MK | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 64320
ADVERT IMPRESSIONS : 42,388 TIME(S) | | | | BUSINESS SECTOR: | Motor & Transport | | TRADE TYPE: | Mot Services | | SALE: | Agent Sale | FREEHOLD: | £599,000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | LOCATION
• The garage is situated on an edge of a popular village in Bedfordshire.
• It has an unopposed location with the nearest competitor approximately 57 miles away
HISTORY
• Formed by the current owner over 42 years ago.
REASON FOR SALE
• The vendor wishes to retire.
PRODUCTS & SERVICES
• Class 4 MoTs undertaken with an average of circa 25 to 30 per week completed.
• Servicing for most makes and models
• Mechanical repairs, which are currently charged at a labour rate of £55+VAT per hour
• Used vehicle sales with circa 5 to 6 sold per calendar month
• Unleaded and diesel fuel sales with circa 9,000 litres sold per month
• Tyre fitting and wheel balancing
• Shop sales of circa £1,000 per week
• The shop stocks a range of products suitable for children from the school opposite the premises, including confectionery, crisps and biscuits.
• They also sell oil, wipers, polish and other vehicle accessories.
• Calor Gas bottle sales of circa 20 per month
• Valet bay
CUSTOMERS
• The garage benefits from an unopposed village trading location from where the majority of its customers come
• There is also passing trade as the premises are on a busy through road
STAFF
• 3 full time staff including the vendor
• 1 full time self employed mechanic
TRADING HOURS
• Monday to Friday 8am to 5.45pm
• Saturday 8.30am to 2pm
FINANCIALS
Turnover Gross Net
2010 £534,637 £110,125 £50,207
2009 £523,443 £100,961 £50,691
• Stock holding circa £37,000 of which:
• Cars £27,000
• Shop £4,000
• Fuel £6,000
PREMISES
• Detached property situated on a circa ¾ acre site with one camera CCTV and fully alarmed
• Full height steel sliding doors to the main workshop
• On site parking for approximately 35 vehicles
• Petrol forecourt with 2 x twin pumps
• Retail shop to the side with counter and till
• Rear office
• Rear storeroom
• Car valet area to the side
• Car showroom to the side with space for circa 6 cars
• Large workshop, fully equipped with the following;
• Class 4 MoT bay
• 4 poster ramp
• 3 poster ramp
• 2 poster ramp
• Diagnostic equipment
• Tyre changer and wheel balancer
• Compressor
• Pick up truck, which can carry one vehicle
STRENGTHS
• An exceptionally well established garage which has been trading for over 42 years
• Unopposed village location on busy through road
• Situated opposite the village school so it attracts a lot of school children to its shop
• Excellent base level turnover of circa £65,000 per annum just from doing MoTs
• A multi income stream business
TENURE
• Freehold
• Rates £6,000 pa
SCOPE
• Expand the shop into the rear office to offer a wider range of products
• Increase the numbers and mixtures of cars offered for sale
• Open longer for fuel and shop sales
• Offer a courtesy car if a car is booked in for repair
• The site could be suitable for other uses such as a supermarket, Industrial Units or other retail space etc.
• The vendor informs us that there may even be the potential for residential development subject to obtaining relevant planning
DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967). | | | | | | FOR SALE | | | | | REFERENCE: | 1081MK / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
