Baker Payne are pleased to offer For Sale the Freehold of this reputable garage services business, complete with a substantial three bedroom house benefitting large sunny garden.
The garage business has been established for over 70 years and is situated in the densely populated and desirable large village of Bishops Lydeard located at the foot of the Quantock Hills. Somerset West & Taunton.
Turnover is consistently circa £1M, adjusted net profits for the year ending 20/21 £127,000
The Multi-Stream income is derived from Petrol Sales, Workshop Services, Class 4 Mot’s, General CTN Retail shop and Fuel Wholesaler incentives. Google reviews rate 4.5/5 with a loyal customer base and a high level of repeat business.
The business is currently operated as a limited company, full accounts will be made available to interested parties
Fuel Sales circa 600,000 litres pa with a net profit of 4.4ppl, Generous incentives and a maintenance package that includes the pumps and operating system is provided by the wholesale supplier.
The busy Garage Workshop supports 2 full time mechanics plus the owner operator, and is an accredited Mobil 1 Service Centre. Currently the MOT bay is owned by the operator under grandfather rights and is transferable at a cost by agreement. Three self-employed staff carry out the MOT tests. The Workshop/MOT sector generates circa £400,000 turnover pa and is consistently profitable, rebate incentives are provided by parts suppliers. Total number of current employees 7.
Retail Sales from the small shop circa £100,000 pa turnover from tobacco, confectionary, grocery, bottled gas and logs.
A full height canopy extends over the petrol forecourt, allowing HGV access, the modern 6 hose pump – 2 x Diesel, 2 x Premium Unleaded E10 and 2 x Unleaded E5. The pumps are linked to an integrated console and EPOS system in the shop.
The workshop houses 4 ramps (one new 2021) over three lanes and is extensively equipped with a range of tools and accessories, including two modern diagnostic scanners, airline oil dispenser, a new compressor, laser wheel alignment apparatus, air-con re-gassing machine and a full sized cabinet of high-end specialist tools. Six courtesy cars form part of the sale.
There is a small CTN shop (that could easily be extended) equipped with two new full height fridges and an ice cream freezer, the store sells a range of general groceries, confectionary, newspapers, tobacco, LPG bottled gas and logs. The shop also serves as the reception area for Workshop and MOT services, a separate waiting area with CCTV is provided for MOT customer’s convenience.
There is an operations office on the ground floor and an accounts/administration office located on the first floor, extensive store room facilities feature on both levels. The business benefits from a four station network computer suite running an integrated CRM program, linked to the accounts and payroll package. The modern auto-dial alarm system is linked to ten CCTV cameras with a 30 day storage system and remote access via mobile phones.
The business has been in its current ownership for over 15 years and has an enviable reputation for professionalism and good customer service, although based in a large village the catchment area is considerable and growing exponentially due to the continued development of domestic housing stock in the immediate vicinity.
The total business plot is of a considerable size and benefits from an existing planning permission consent for an extension to one side, this consent could be utilised for a Body Shop, Tyre Bay, in-house valeting module or simply to extend the workshop facilities. The plot comes complete with a small (6 Bay) area for second hand car sales that could alternatively be used for a Jet-Wash and Vac Bay. There is provision for an electric car charging facility, funded by the wholesaler supplier.
With the appropriate planning permission and reconfiguration the site could accommodate a substantial retail shop.
The Adjacent domestic property is a lovely 3 bedroom stone built property with a large rear garden and existing planning permission for a substantial extension that would create a 5 bedroom 3 bathroom house. The property is well appointed and could be ideal for owner operator’s accommodation or as an investment to let out. The property has historically been let out to assured short-term tenants, providing additional income.
The sale is due to the retirement of the existing owner, an extended training and support program will be made available to ensure a successful transition to the new proprietors.
Freehold Price £1,100,000 (Going Concern Business, All Properties / Plot, Fixtures & Fittings)
Annual Turnover £1,000,000
Adjusted Net Profit £127,000
EPC Rated E (main stone cottage) (interconnected)
The main business premises are an attached open fronted workshop/ commercial building and forecourt with no fixed heating.
Total useful floor areas - Commercial 1636 SQFT / 152 SQM - Attached Residential Cottage 1550 SQFT / 144 SQM - Total Overall Plot Area Circa 0.1 acres
Strictly viewing by appointment following some vetting and background investigations.
Accounting/Financial information will be made available to seriously interested parties following a viewing meeting with our client.
None standard mortgages / commercial lending facilities should be available at circa 75% LTV on this style of business.
This business and premises was viewed and valued by Richard Payne (m) 07864 054440 who will be pleased to discuss the opportunity in further detail.
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