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Booths Garage Soke on Trent Staffordshire ST8 7NP.

Stoke on Trent, Staffordshire
Leasehold Price:
£156,750
Find more details, or book a viewing:
Status
FOR SALE
Advert ID
216731
Reference
B04118 / Rightbiz

Details

BUSINESS

Hilton Smythe welcomes to the market Booths Garage.

Booths Garage was founded over fifty years ago and is well known to the residents of Stoke-on-Trent. The current owners have run the business successfully and lucratively since 2006 but are now selling, albeit reluctantly and with a heavy heart so that they can pursue their dreams of moving to Cornwall and living a simpler life near the Sea.

Booths Garage is an MOT station offering class 4, 5 & 7 MOTs. The business currently carries out approximately 30-40 MOTs per week. Additionally, the business offers;
•Dealer Approved Servicing for all makes and models
•4 Wheel Laser Alignment
•Air conditioning servicing and recharging
•Tyres, Exhausts and Batteries
•Engine Diagnostics
•Engine Rebuilds
•Brakes and suspension
•Mechanical repairs

The sale will include the business website (boothsgarage.co.uk), which includes an online booking facility and the business has good visibility on the internet along with many great reviews. The business has an impressive number of regular customers, many of whom are known by the owners who are well liked and respected members of the local community.

Scope to Improve
1.Advertising and marketing campaign
2.Maximise the use of social media
3.Extend the opening hours
4.Employ apprentices
5.Offer discounts to OAPs, NHS employees, Armed Forces etc
6.Explore online voucher discounters such as Groupon and Wowcher.
7.Introduce car sales/hire.

Hilton Smythe highly advise early to avoid disappointment.

LOCATION

Booths Garage is Located in Biddulph Moor, Stoke-on-Trent in the county of Staffordshire.

Biddulph Moor is a large village located on the hill which bears the same name. It is in Biddulph parish and is part of the Staffordshire Moorlands, near to Stoke-on-Trent. Stoke-on-Trent is a city and unitary authority area with an area of 36 square miles. In 2016 the city had a population of 261,302. Stoke-on-Trent is linked to the nearby M6 motorway at junctions 15 and 16 by the A500. The A50 provides an East-West link between the M6 and M1 motorway.

Booths Garage is prominently located in a stand-alone and detached position on a good size plot. The business is beautifully presented and maintained with clear visible signage. There is ample free parking to the front of the premises along with further, free on street parking immediately outside. The business enjoys good footfall and passing trade.

PREMISES

Booths Garage occupies a modern purpose built industrial unit, is presented to the highest standard and briefly comprises;

Workshop
•Generously proportioned, concrete flooring
•High ceilings with fluorescent lighting
•Three roller doors to front and another to side
•Pedestrian entrance
•Five ramps (two MOT Lanes)
•One-man MOT testing Lane
•Two rolling roads (one digital, one analogue)
•Barker testing machinery
•Three 2 poster ramps
•Shelving and a number of heavy duty workbenches
•Compressor
•Tyre machine
•50 Tonne Press
•Sand blading cabinet
•Laser wheel alignment equipment
•Air conditioning machine
•Headlight alignment machines
•Perimeter tyre racking
•Specialist tools
•Diagnostics.

Reception
Open plan reception area, generously proportioned with sales counter and customer waiting area, window to workshop

Office
Useful office with room for desk, chair and filing cabinets etc

WC
With toilet and hand wash basin

Staff Kitchen
With stainless steel sink and drainer, base units and room for kettle, fridge and microwave.

First Floor Mezzanine
With generous office with windows into workshop, a useful store Room with perimeter shelving and a WC with toilet, shower cubicle and hand wash basin.

Externally the business has a wide frontage which is laid to tarmac with further parking areas to the side of the building and a secure yard to the rear with outbuildings.

The premises are secure by an alarm and 14 camera CCTV system.

TENURE

We are advised that Booths Garage is being sold as a leasehold business opportunity.

The current vendors own the freehold which they are retaining and are happy to negotiate a mutually acceptable lease with a new owner.

An annual rent of circa £25,000 is proposed which is reasonable given the size and location of the premises.

Freehold option is also available for £441,750.

HOURS

Monday to Friday 8.30am - 5.30pm
Weekends Closed.

STAFF

The business is run and managed by our clients (2) with the help of four full time members of staff.

FINANCIAL PROFILE

Booths Garage generated an advised turnover of circa £222,000 as of the 2017 accounts with a gross profit of approximately 44% and an adjusted net of roughly £70,000. The business continues to grow at an impressive pace.



£156,750 +SAV
Listing Details
Leasehold Price: £156,750
Tenure: Leasehold
Sector: Garage Businesses, Car Sales Businesses
Financials
Annual Turnover: £221,126
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