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10 years leasehold car sales showroom, MOTstation repair centre established 40 years and big yard.

Watton, Norfolk
Leasehold Price:
£150,000
Status
FOR SALE
Advert ID
205840

Car Sales Showroom, MOT Station And Repair Centre For Sale

For more information please contact the seller (available on request)
Thetford, Norfolk NEW

Asking Price: £150,000


leasehold car sales showroom, MOTstation and repair centre established for 40 years and big yard.

Here we have a well established car sales showroom, running mot station, repairs, located in Thetford,30 minutes drives from Norwich city centre.

Located on a main road. Very busy road with plenty of traffic flowing through. Easy access. Used to be a petrol station. Change of use was applied and tanks were decommissioned. This place used to be a Kia garage main dealer for many years.

This is a big opportunity for someone who dreams of having their own business. On site we have the following:

- Car sales showroom
- Approved and running mot station
- Approved and running car wash: not included we can talk
- Repair workshop with four ramps
- Big yard with a capacity for 250 vehicles
- Included will be a bungalow with four bedrooms
- seven offices
- two large waiting areas
- Upstairs conference room
- four w/c
- Tyre changing machine
- Tyre balancing machine
- MOT ramp and full equipment for mot class four testing
- All furniture, desks, chairs and computers will be in the deal
- Sheltered outside storage on the side of the building
- Shed for tyre storage

This whole site has been recently refurbished. Amount spent was in the region of £200,000.
This includes new offices, new carpets, new office furniture, new ceiling, all yard has been cleaned and gravelled.

Observation: at the back of the building we have a yard that has had in the past approved planning permission to build 19 houses.

All this for only £750,000 Freehold
or
All this for only £150,000 leasehold 10 years


Property information

Property:
Freehold
or
Leasehold

Living Accommodation:
Bungalow on the side of the business with four rooms and a storage in the loft

Location:
Garage is located on the main road.

Premises Details:
A very big well located area, can be seen on google maps, has plenty of space for cars or other applications.

Planning Consent:
Car wash planning permission
Weekdays 8am to 7pm
Weekends and Bank Holidays 9am to 6pm

Business Operation

Expansion Potential:
Potential of building 19 houses in the yard at the back.

Competition / Market:
We provide a range of services for cars such as, MOT, repairs, car valeting, therefore we don't have much competition in the area as other garages nearby focus on one thing only.

Reasons for selling:
We are selling the business as we've been running it for a long time and are looking to retire.

Trading hours:
We operate from 9am to 6pm Monday to Friday, Saturday 9am to 2pm and Sundays 10am to 4pm. Although these times can be changed. We have 24/7 hour access to the building. The only times we need to abide by is the car wash because of the planning permission.

Employees:
12 employees
Years established:
45 years
Other Information

Support & training:
We can train the new buyer with up to one month intense personal training. We can offer remote support 24/7 hour thereafter.

Furniture / Fixtures value:
£250,000
Inventory / Stock value:
£80,000

Listing Details
Leasehold Price: £150,000
Tenure: Leasehold
Location: Watton, Norfolk
Sector: Car Sales Businesses, Mot Businesses, Garage Businesses
Financials
Annual Turnover: £700,000
Annual Net Profit: £500,000
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