Lomax Corner Garage and MOT Centre with Petrol Station in Skegness, Lincolnshire for sale
Skegness, Lincolnshire
- Status
SOLD
- Advert ID
645851
- Reference
6698 / Rightbiz
- Call Agent:
- Freehold: £700,000 (Stock at valuation)
- Turnover: On request
- Profit: On request
Key Features
- Growth potential with digital presence
- High visibility location
- Long trading history and customer base
- Long-standing community presence
Business Details
Lomax Corner Garage Freehold Village Garage, MOT Centre, Petrol Station & Rental Bungalow Skegness
An excellent opportunity to acquire a long-established and highly regarded family-owned garage, petrol filling station and shop in a busy village location near Skegness. Lomax Corner Garage has been successfully operated by the same family since 1989 and is now offered for sale due to the owners’ retirement.
This is a genuine turnkey business with multiple income streams and significant growth potential.
The Business
Lomax Corner Garage provides a full range of automotive services and benefits from a loyal local customer base and passing trade. The fully equipped workshop carries out:
MOT testing
Vehicle servicing and general repairs
Tyre fitting and replacements
The business currently employs 5 staff, allowing the operation to run smoothly and giving a new owner flexibility in management involvement.
In addition, the premises include a petrol filling station and a small convenience shop, both serving the surrounding village and rural area. The garage is the only fuel station in the village, providing a strong and reliable customer demand.
Property & Accommodation
The sale includes the freehold premises.
Attached to the garage is a dormer bungalow, currently let and producing a rental income of £600 per calendar month, providing immediate supplementary income independent of the garage trade.
Key Features
Long-established family business (since 1989)
Freehold included in the sale
Garage workshop (fully equipped)
MOTs, tyres and repairs
Petrol station & retail shop
5 staff in place
Rental income from bungalow – £600 PCM
No business rates payable (sole fuel provider in the village)
Strong local reputation and repeat trade
Growth Potential
There is clear scope to further increase turnover by:
Expanding fuel sales
Extending retail shop lines
Developing convenience offerings and local services
The combination of automotive services, fuel sales, retail shop and rental property makes this a particularly secure and diversified investment opportunity.
This is an ideal purchase for an owner-operator, family business, partnership, or an existing motor trade operator looking to expand.
Reason for Sale: Retirement
Further details available upon request. Early viewing is highly recommended as opportunities of this type and tenure rarely come to market.
Contact Agent
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Contact seller
This business has now been sold. We are currently awaiting final confirmation from the seller or their agent. Please check back soon for updates.
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.
Be safe, use a Rightbiz Solicitor
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