Greenhithe Leasehold MoT Services And Auto Sales Centre For Sale

Business description

The particular highlights of the business are:
- A well established business.
- Good loyal clientele.
- Fully equipped business with favourable lease terms (see below).
- Turnover in excess of £200,000 pa (see financial summary below).
- A business with great potential which has not been exploited because the owner is distracted by other business interests.
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business and ideal purchase for an existing similar business looking for larger premises.
- Low rates.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation.
- The concern provides MOT’s, Service, Repairs, Auto Sales and Car Wash.

History
We are delighted to place onto the market this leasehold MOT, Repairs and Auto Sales Centre which has been established since 1990. The business has been in the hands of the current owner since 2009 and he now wishes to sell due to other business interests.

Services
This very good business opportunity provides MOT’s, Service, Repairs, Auto Sales and Car Wash.

Staffing
The concern employs 2 full-time and 1 part-time staff. The wages are £1,200 pw.

Owners Role
The owner is involved in the day to day running of the business.

Marketing
No marketing or promoting of the business has recently been undertaken as the business is well known.

Competition
There are very low levels of local competition.

Market
The client base consists of local residents and business customers.

Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings and local and internet advertising.
• Increasing the opening hours to include Sunday trading.
• Increasing the service lines to include tyre sales and fitting, air conditioning gas bottle refills, bodywork repairs and motorcycle repairs and servicing.
• Upgrade to Class 7.
• Becoming more efficient with staffing levels.
• Working more hands on hours and saving on wages.
• With the introduction of a website and e-commerce.
.
Training and Handover
The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The owner would also be happy for an on the job observation period to assess the business prior to offers being made.


The car sales and car wash are currently sub let but can easily be relocated. The present annual turnover is £212,629. The wages are £1,200 pw. The present value of the stock is £5,000.
The potential turnover of the business within the next 2 years is forecast to reach £300,000 pa given the changes that are required to be made to the business. Full financial disclosure is available on request after viewings and the signing of a confidentiality agreement.
Please note Phoenix do not guarantee the accuracy of these figures which are in many cases estimated and are not verified. Please do not rely on the accuracy of these figures and seek professional help before making any offers. Phoenix will not be held liable for any inaccuracies in these figures or any other statements contained in relation to this business.


Disclaimer
These details do not constitute part of an offer or contract.
The statements and descriptions given are made without warranties by Phoenix Business Agents Limited who it should be noted have NOT verified the information provided.
Purchasers should in all cases undertake financial due diligence using their own professional advisors before committing themselves in contract rather than relying on illustrations ,figures and information given on behalf of the seller.

Property information

Property:

Leasehold

Lease terms:

The original length of the lease was 10 years with 8years remaining. The rent is £52,000 pa with a review in 2014. The rent received from the car wash and car sales departments offset the rent by £32,000 pa. The lease may be renewable or negotiable for longer term if required. The rates are £12,000.

Leasehold rent:

£52000pa per annum

Location:

- Situated in the London Road area of Greenhithe in Kent.
- Prominent location on main arterial road.
- Excellent free parking facilities.
- Industrial estates nearby.
- Surrounded by a densely populated residential area with schools and other local amenities.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- Commercially thriving area.
- Well linked with the A226, A206 and M25.
- Dartford, Gravesend and Swanscombe all lie close by.
- Area enjoying much growth and regeneration.
- A lifestyle area.
- Excellent local demographics for this type of area.

Premises details:

The property is detached and is approximately 2000 sq ft and is equipped to high trade specifications including 3 x 2 post ramps. The front is branded and has large electric roller shutters allowing easy vehicle access. There is CCTV and a full alarm system. It is very well presented and is very conveniently laid out. There is a washroom and toilet facilities

First Floor
On the first floor there is further ancillary accommodation which is approximately 750 sq ft and consists of 2 fully furnished and equipped offices with additional washroom and toilet facilities.
External
To the front there is a sales display forecourt area with ample space to accommodate up to 45 vehicles. There is also a fully equipped and furnished sales office with washroom and toilet facilities

Size in square feet:

2000sq ft

Business Operation

Expansion potential:

The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings and local and internet advertising.
• Increasing the opening hours to include Sunday trading.
• Increasing the service lines to include tyre sales and fitting, air conditioning gas bottle refills, bodywork repairs and motorcycle repairs and servicing.
• Upgrade to Class 7.
• Becoming more efficient with staffing levels.
• Working more hands on hours and saving on wages.
• With the introduction of a website and e-commerce.
.

Competition / Market:

There are very low levels of local competition.

Reasons for selling:

now wishes to sell due to other business interests.

Trading hours:

Monday to Friday: 8.00am - 5.30pm
Saturday: 8.00am – 1.00pm
Sunday: Closed

Employees:

The concern employs 2 full-time and 1 part-time staff. The wages are £1,200 pw.

Years established:

21 years

Other information

Support & training:

The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The owner would also be happy for an on the job observation period to assess the business prior to offers being made.

Furniture / Fixtures value:

£50,000 (included in the asking price)

Inventory / Stock value:

£5,000