Financial Details
Asking price: £40,000
Sales revenue: £125,755
Net profit: £27,488
Fixtures value: Undisclosed
Stock value: Undisclosed

  • Photograph of this business for sale

Business Description
THE BUSINESS
Broker is pleased to have been instructed to offer to the market this extremely well established and busy mechanical garage.

Founded over seventeen years ago by the present vendor, the business is only now being reluctantly offered for sale due to
ill health.

As well as servicing and repairs, the garage also changes tyres, exhausts, brakes and batteries. It also carries out wheel balancing and tracking and sells small accessories.

The hourly charge out rate is well below that charged by the main dealerships.

The garage has an excellent local reputation with many word of mouth referrals from satisfied loyal customers.

The garage is fully equipped for purpose and includes:
• 1 x 4 poster ramp
• 1 x 2 poster ramp
• Tyre changer
• Tyre balancer
• Compressor
• ‘04’ plate Ford Transit van 2.0L diesel

The vendor currently works alone but can call upon assistance on an ‘as and when’ required basis.

We are advised that stock at cost is approximately £5,000.
REF: 9607GL
General Information
Years established:17
Employees:The vendor currently works alone but can call upon assistance on an ‘as and when’ required basis.
Trading hours:Mon to Fri: 8.30am – 5.30pm Sat: 8.30am – 12.30pm
Property:Leasehold
Lease terms:TENURE: Leasehold Original lease: 1 year rolling Remaining lease: 1 year Review every: 1 year Rent: £6,000 We are advised that the annual business rates are currently: £1,300
Location:The garage has an excellent unopposed location in the centre of a large industrial estate situated in Gloucestershire.
Premises Details:Mid terraced lock up premises which briefly comprise:

Ground Floor
• Full height side roller shutter door for easy access into the workshop
• Side entry door into the office with rear counter and computer
• Rear door into small corridor with side w/c
• Workshop with side racking for tyre stores
• Under stairs kitchen area
• First floor office
• Both ramps at rear of workshop
The premises benefit from being alarmed and has parking for approximately 6 vehicles in front of the unit.
Expansion potential:Our client already runs a successful garage, it does however, still offer excellent scope to increase both sales and profits by: 1. Increasing the low hourly charge out rate 2. The business should have its own web site so prospective customers can view the services on offer 3. Have another mechanic – the business has sufficient work to employ another member of staff 4. The business should advertise more to take advantage of its dominant local position
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