Popular Garage And Investment Units In Wigtownshire | | Minnigaff Dumfries and Galloway | | Garage Services/Letting units/Car Showroom. T/O: £175,000 GP: 40% Run at pace to suit 3 units - one let out Showroom suitable for a variety of uses 7,700 sq ft unit Large secure compound and parking for 30 vehicles Huge potential Leasehold option co | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 65957
ADVERT IMPRESSIONS : 22,327 TIME(S) | | | | BUSINESS SECTOR: | Motor & Transport | | TRADE TYPE: | Car Dealers & Showroom | | SALE: | Agent Sale | FREEHOLD: | £700,000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Location
Galloway Motor Company occupies substantial freehold property in a prominent location at the entrance of a popular industrial estate in Minnigaff, Newton Stewart, Dumfries and Galloway. The premises boast easy access to the town centre and to the A75, which runs from Dumfries to Stranraer. The area is popular with tourists, who flock to the region for its wealth of activities and attractions. Newton Stewart is known as the Gateway to the Galloway Forest and is a desirable place in which to live and work. Stranraer lies approximately 26 miles to the west, while Dumfries is approximately 52 miles to the east.
Business History
Preferred Commercial is delighted to offer for sale this popular garage and investment units, which were built by our clients in 1984 and which are only now being offered to the market due to our client's wish to retire. Our client occupies one unit with his thriving vehicle repair and service business, while another unit is currently let out to a tyre services business. There is also a vacant car showroom, which could be used by a new owner or let out to generate a steady income. Galloway Motor Company is currently run at a pace to suit our client and generates a turnover in the region of £175,000 per annum with a gross profit of 40%. A new owner could increase the turnover by perhaps, applying to carry out MoT testing, offering car sales in the vacant showroom. The premises would be suitable for use by a new car dealer franchise, for used car sales or other uses such as camping and outdoor equipment supplies. We are advised that the whole site has planning consent for retail use. This represents an ideal opportunity to acquire a thriving garage services business with letting units. Early discussions with Preferred Commercial must come highly recommended.
Financial Details
T/O: £175,000 approx.
GP: 40%
Opening Hours
Mon - Fri: 8.00am - 5.00pm
Sat: 8.00am - 2.00pm
Sun: Closed
Accommodation Details
Detached industrial units extending to approximately 7,700 sq ft. Briefly comprising:
Unit 1
• Workshop with 1 x 4-post ramp, 2 x 2-post ramps, rolling road test cell, tyre fitting equipment, a variety of equipment and hand tools
• Customer WC
• Staff canteen area
• Staff WCs
• Separate store room, previously used as spray booth
• Office with customer waiting area, desk, computer and seating
• Mezzanine machine shop with milling machine, lathe, drills and work benches
• Mezzanine office with desks, filing cabinets and computer
Unit 2
• Showroom with capacity for approximately 6 vehicles
• Portable office pod
• WC
Potential income of £15,000 per annum, ideal for a variety of uses such as large convenience store, camping and outdoor equipment supplies etc.
Unit 3
• Letting unit, currently let to a blue chip Scottish company for approximately £20,000 per annum (increase in 2012 to £25,000 per annum)
External
• Secure compound, 31mtr x 24mtr approx, with capacity for up to 40 vehicles
• Parking to front and side for approximately 30 vehicles
Tenure
Advised freehold
Leasehold option considered | | | | | | FOR SALE | | | | | REFERENCE: | 2598 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
