Busy Local Garage With Excellent Reputation | | Undisclosed Middlesex | | BUSY LOCAL GARAGE WITH EXCELLENT REPUTATION Densley populated area nr tube station Est 35 yrs c/m base of circa 2,000 5 work bays with sales forecourt for 15 vehicles A/T: £290,000 ADJ NP: C£75,000 PA Scope for Mot or fast fit centre L/H; 185,000 +SAV | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 66547
ADVERT IMPRESSIONS : 12,943 TIME(S) | | | | BUSINESS SECTOR: | Motor & Transport | | TRADE TYPE: | Garages | | SALE: | Agent Sale | LEASEHOLD: | £185,000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | LOCATION
Trading from traditional garage premises, with forecourt, in busy suburban area
Off road parking for customers, staff and visitors
Densely populated and with good mix of commercial, retail and residential use
Close to 3 railway stations and adjacent to metro style supermarket
HISTORY
Established by the vendors 35 years ago as an independent specialist
Reliable repeat customer base carefully nurtured
Business based strongly upon service ethic
Incorporated 2005
Ongoing programme of investment to ensure current legislative requirements are met
REASON FOR SALE
Vendors wish to retire
SERVICES
Servicing and mechanical repairs for most makes and models of car and light commercial vehicles forms 80% of the work
MoT preparation with around 15 to 20 MoT sub-contracted monthly
Light bodywork repairs undertaken accounting for 10% of turnover
Vehicle sourcing and sales account for around 10% of turnover
Courtesy cars provided
Some specialist work undertaken for track day and classic cars
CUSTOMERS
Vast majority of customers now loyal repeat business
Approximately 2,000 names on the database
Personal customer base drawn mainly from the immediate locality accounting for approximately 70% of work
Local businesses account for remaining 30%
Rail commuters
SUPPLIERS
Consumables purchased from a variety of trade wholesalers
STAFF
2 vendors run the business on a day to bay basis and are involved on a full time basis
2 full time mechanics
TRADING HOURS
Monday to Friday 8.30am to 6.00pm
Saturday and Sunday closed
FINANCIALS
Turnover
2011 TBC
2010 £290,330
2009 £248,764
Gross profit margin TBC% (2011)
Labour rate charged at £69.75 per hour
Stock holding approximately £5,000 excluding vehicles
Adjusted net profit approximately £75,000 per annum
OVERHEADS
Staff £34,061 pa
Rent £15,000 pa
Rates £5,056 pa
Heat and light £1,424 pa
PREMISES AND EQUIPMENT
A traditional garage and forecourt facility, with office and reception area comprising briefly:
o Parking/sales forecourt for approximately15 vehicles
o WC
o Reception area
o Office
o Main workshop with 5 work bays
o CCTV
o Alarm
Equipment comprises briefly:
o 2 x 2 post ramps
o Diagnostic equipment
o Oil storage facility
o Compressor
o 2 courtesy vehicles
o Sundry tooling
STRENGTHS
Enviable local reputation established over many years
Consistent financial performance with solid profits for the new owner
Excellent location close to rail stations and local supermarket
Customer base substantial with high repeat rate
Affluent area of London
Substantial quantity of equipment and vehicles included within consideration price
SCOPE
Considerable scope for business development with advertising and marketing limited at present
Introduction of website
Focus on additional commercial contracts
Increase in labour rates
Introduction of MoTs
Fast fit tyre and exhaust depot
Expansion of vehicles sales
Potential for development of the site
Weekend opening
TENURE
Leasehold
Original Lease 10 years
8 years remaining
Rent £15,000 per annum
Rates £5,056 per annum
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: | 1134HA / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
