Garage Services And Mot Station In Barking Suffolk | | Ipswich Suffolk | | Garage/MoT Station Ipswich, Suffolk T/O: £60,000 GP: 70% Run at a restricted pace 2 x 2-bed flats, 3-bed cottage Spacious unused retail area Immense scope to increase turnover Delightful rural location | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 70717
ADVERT IMPRESSIONS : 19,577 TIME(S) | | | | BUSINESS SECTOR: | Motor & Transport | | TRADE TYPE: | Garages | | SALE: | Agent Sale | FREEHOLD: | £925000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Location
Barking Tye Service Station occupies a prominent trading position on the B1078 in the delightful village location of Barking, close to Stowmarket in Suffolk. Barking is easily accessible being just 6 miles south of Stowmarket and approximately 11 miles north of Ipswich. Needham Market lies less than 3 miles away and boasts a wealth of amenities including a railway station offering regular trains to Ipswich, Cambridge and Peterborough. Barking is a desirable place in which to live and work and is easily accessed via the A14 Bury St Edmunds to Ipswich road.
Business History
Preferred Commercial is delighted to offer for sale this popular garage services, MoT station with retail premises, which was established in 1963 and which has been in our client's hands since 1992. The business is only now being placed on the market due to our client's retirement. The garage occupies a spacious site extending to approximately half an acre and boasts a well-equipped workshop and MoT bay, retail premises, which are currently unused, a detached house, which is currently 2 x 2-bedroom flats and a cottage. The business is run at a restricted pace to suit our client and generates a turnover in the region of £60,000 per annum with a gross profit of 70%. A new owner could easily increase turnover by operating at full capacity and by utilising the retail premises, perhaps as a convenience store, although it would be suitable for a variety of uses. The 2 flats and cottage are currently let out, generating additional income. There is a spacious forecourt to the front, which would be suitable for car sales, should a new owner desire. We feel this represents an ideal opportunity to acquire a well-established garage services business, set in such a delightful location and with huge scope for future growth. Early discussions with Preferred Commercial come highly recommended.
Financial Details
T/O: £60,000 approx.
GP: 70%
Currently run at a pace to suit
Opening Hours
Mon - Sat: 8.00am - 1.00pm
Sun: Closed
Scope to extend opening hours
Accommodation Details
Spacious site with garage and MoT workshop, forecourt and retail area, along with 2 x flats and a cottage. Briefly comprising:
Workshop
• Garage workshop with roller shutter access, extensively equipped MoT bay. 2-post ramp, compressor, large storeroom/workshop to rear
Retail Unit
Separate building offering:
• Spacious retail area
• Office
• WC
• Kitchen
Cottage
Ground floor:
• Lounge
• Kitchen
• Bedroom
First floor:
• 2 x bedrooms
• Bathroom
Flats
Ground floor:
• 2 bedroom flat with lounge, kitchen/diner and bathroom with WC
First floor:
• 2 bedroom flat with lounge, kitchen/diner and bathroom with WC
External
• Large forecourt with ample parking
• 2 x diesel pumps (unused) and underground tanks
Tenure
Advised freehold | | | | | | FOR SALE | | | | | REFERENCE: | 2890 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
