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Profitable Garage, Workshop, Fuel Station and Retail Business with Redevelopment Potential in Poringland, Norfolk for Sale

Poringland, Norfolk

CONFIDENTIAL SALE

  • Status

    SOLD / WITHDRAWN

  • Date Submitted:

    29/01/24

  • Advert ID

    605858

  • Reference

    P34624EO / Rightbiz

  • Call Agent:

    Registered members »

  • Freehold: £950,000
  • Turnover: Not Applicable
  • Net Profit: Not Applicable

Business Details

GARAGE, WORKSHOP, FUEL STATION, RETAIL & REDEVELOPMENT POTENTIAL – PORINGLAND, NORFOLK

Ideal Site for Redevelopment
C. 0.5 Acre Site
C. 3,000 sq. ft. Existing Building
Centrally Located in Rapidly Expanding Village
Extensive Parking On Site
Profitable Business Long Standing Business
Great Reputation with Customers
Approximately 5 Miles South of Norwich City
Easy Access to A146, A47 & Norwich City
Potential Supermarket/Petrol/Retail/Housing (S.T.P)

AGENTS NOTE

This is a business for sale as a going concern, not an empty premises for sale or let.

PARTICULARS

EMF are delighted to present for sale this profitable and well-established garage business, situated in the prime village location of Poringland, approximately 5 miles south of Norwich City. Elvin's Garage has been serving the community since 2003, which is when the current owners took over the business. The site has been a garage and fuel station since 1957 and enjoys a loyal base of customers who return for the high-quality workmanship and excellent customer service - with much new work won from word-of-mouth.

The business is located on the busy main road through the village and there is limited competition locally, and there is no other fuel station close-by. Poringland has a population of over 6,000 and offers a range of local amenities including shops, public houses, restaurants, schools, modern medical centre and library. The business is easily accessible and enjoys excellent transport links to the A146, A47, Norwich City (approximately 5 miles north) and the surrounding towns and villages.

Subject to planning, there is great scope to redevelop the site into a potential supermarket, petrol station with convenience store, further retail or housing to further compliment the existing business.

This is a rare opportunity to acquire a thriving and reputable garage business in a sought-after location. If you are interested in finding out more about Elvin's Garage, please contact us to arrange a viewing.

THE BUSINESS ITSELF

Elvin's Garage offers servicing, MOT's, engine diagnostics, bodywork repairs, mechanical repairs, welding, clutches, brakes, car exhausts, safety checks, air conditioning servicing, car batteries, tyres, wheel alignment and balancing for all makes and models of cars and light commercial vehicles.

The retail unit on site sells various automotive accessories and products, as well as taking payments for fuel sold on the forecourt.

The business has a full compliment of fully experienced staff in all departments, who are all long serving and trustworthy.

Only now for sale due to the vendors wishing to retire, they have operated the business since the 2003. This is a business for sale as a going concern and the owners would be willing to offer a handover period to ensure a smooth transaction for the new owner.

PREMISES

ALL MEASUREMENTS ARE APPROXIMATE AND FOR GUIDANCE ONLY.

The premises comprise of a detached single-storey building with a large forecourt that can accommodate a number of vehicles. Features include a reception area, an office, a customer waiting area and a w.c. The workshop is spacious and well-equipped with three ramps, inspection pit, an MOT bay and various tools and machinery, which you would expect to find within this type of business. There is also a secure storage area at the rear of the building, and the premises are secured with CCTV security cameras and an alarm system.

FURTHER INFORMATION

REFERENCE NUMBER

P34624E.

OPENING HOURS

Monday to Friday 8:00am to 6:30pm. Saturday 8:00am to 4:00pm. Sunday - Closed.

TENURE

Freehold.

RATES PAYABLE

Nil - the business currently enjoys small business rates relief.

STAFF

The business has a full complement of experienced staff in all departments, who are all long serving and trustworthy.

EPC

The Energy Performance Certificate reads 'D'. Full Energy Performance Certificate available on request.

PRICE

£950,000 (Freehold).

For the benefit of the goodwill, fixtures, fittings and equipment. Stock payable in addition on completion at valuation. This is a business for sale as a going concern.

VIEWING

Strictly by appointment only, please call us to make an appointment.

FINANCE

We may be able to help you with business financing or your commercial mortgage needs, subject to eligibility. Please let us know if you need our assistance with this and we will put you in touch with our recommended whole of market broker.

BUSINESS TO SELL?

Thinking of selling your business? That's our business!

If you are interested in finding out how much your business is worth, we offer a free and confidential valuation service. You can choose the time and day that suits you best, and we will give you an honest and professional assessment. Please contact our office at your convenience to book an appointment.

PREMIER MARKETING

We are passionate about showcasing our businesses in a way that sets us apart from others. We provide quality property details and comprehensive information on all online platforms and our own website. If you want your business to stand out from the crowd, call us to book a free valuation.

1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.

2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.

3. Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.

4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.

VIEWING STRICTLY BY PRIOR APPOINTMENT THROUGH THE SELLING AGENTS EVERETT MASSON AND FURBY 01603 662662.

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Contact Agent

Contact the seller for more details, or book a viewing

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Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.

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Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.

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The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.

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Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.

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Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.

Stay Safe

Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.

Stay Safe

Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.

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Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.

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SOLD OR WITHDRAWN FROM THE MARKET
Advert pending deletion

Stay Safe

Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.

Stay Safe

The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.

Stay Safe

Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.

Stay Safe

Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.

Stay Safe

Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.

Stay Safe

Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.

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The data showed regarding this advert 'GARAGE, WORKSHOP, FUEL STATION, RETAIL & REDEVELOPMENT POTENTIAL – PORINGLAND, NORFOLK - P34624EO / Rightbiz' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.