MOT AND REPAIR GARAGE AND CAR SALES IN MILFORD ON SEA HAMPSHIRE

Milford on Sea, Hampshire

Status

FOR SALE

Date Submitted:

05/10/20

Advert ID

267467
Freehold: £650,000
Leasehold: £200,000
Annual Rent: £17,000
Annual Turnover: £390,300
Annual Net Profit: Available upon request

UNDER OFFER.......... UNDER OFFER.......... UNDER OFFER.

 

 

 

This well-established family business has traded for more than 30 years. Offers a wonderful opportunity to acquire and continue to run a profitable business with an enviable and respected reputation. The client base is loyal and regular with plenty of repeat trade.

With an experienced and long-established workforce in place, the business will continue to offer a smooth and timely transition. Making this a secure investment.

This is an ideal opportunity for a new owner to take this already very busy business to the next level of increased turnover and profit. Particularly with car sales.

It is also recognised that these premises have the potential for development, as interest has already been shown in this direction.

Leasehold is also available, Development enquiries welcome. Please see price structure below.

LOCATION.

Milford on Sea is a thriving coastal village with a comprehensive range of restaurants, pubs, cafes and a good selection of shops and stores. The towns of Lymington and New Milton are both approximately three miles away.

 

PREMISES.

The premises are approximately 460sqm and are located on the highly sought after High Street, with a small forecourt and easy access, with parking just in the area. Benefitting from passing trade, holidaymakers as well as established clients.

 

BUSINESS.

A wide range of vehicle repairs and servicing. Including exhausts, gearbox repair, air conditioning, clutches, tyres, engine diagnostics and all servicing and repairs to all makes of cars. Extremely well equipped.

Car sales of all make of car. Scope and potential to develop this business further.

Excellent reputation and word of mouth recommendations.

Fully equipped main workshop.

Glass-fronted onto the High Street showroom for car sales.

4 post-MOT Bay.

3X two Post Ramps.

2X engine lifts.

3X diagnostic machines.

Tyre changing equipment.

Air conditioning unit.

Compressor.

Range of Specialist tools.

Reception desk and small waiting area.

First floor to Stores. Office. Kitchen area. Toilet and shower.

 

STAFF.

4 and one apprentices.

 

HOURS.

5.5 day week.

Tenure.

Freehold £650,000

Leasehold £200,000 - Annual rent £17,000

Offers are invited for the developmental potential.

 

Key Features
  • Fully Fitted
  • With Car Park
  • Potential for Alternative Use
  • Offers Invited
  • High Turnover
  • Close to Local Amenities
  • Town Centre location
  • Established Business
  • Adjacent to Multiple Retailers
  • Attractive Business
  • Central Position in Affluent Village
  • Prime Location
  • Accounts Available
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