Leasehold Garage Newbury Berkshire For Sale

Business description

The particular highlights of the business are:
• The owner may be prepared to accept staggered payments for the business, enabling the buyer to pay from profits although a lump sum sale would be more favorably considered.
• Ideally located concern offering excellent lifestyle.
• A well established business.
• Good loyal clientele.
• Fully equipped business with favorable lease terms (see below).
• Turnover in excess of £90,000 with a net profit of £25,000. (See financial summary below). This is very impressive considering the credit crunch.
• A business with great potential which has not been exploited because the owner wishes to re locate.
• An easily run operation.
• A good first time buyers business.

Phoenix Business Transfer Agents are delighted to place onto the market this thriving garage which has been established since 1994. The owner now wishes to sell due to relocation.

This very good business opportunity provides services and repairs to all makes of vehicles and is a Renault specialist.

The concern employs no staff and is run as a sole trader.

The owner markets the business on the internet and in local newspapers.

As far as competition is concerned there are lots of other garages on the estate but this business is the only Renault specialist.

The client base consists of a large majority of private clients.

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 Saturdays
• Take on more staff.

The owner would be available for a business familiarisation period of one week 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.

Financial Details
The present turnover is £90,000 with a net profit of £25,000.The fixtures fittings and equipment is worth £15,000. The potential turnover of the business within the next 2 years is forecast to reach £200,000 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.

Property information

Property:

Leasehold

Lease terms:

The original length of the lease was 10 years with 9 years remaining. The rent is £10,000 with a review in 3 years. The rates are £6,600.

Location:

This superb business opportunity is situated in Newbury in the County of Berkshire .It is part of a large industrial estate which contains many main car dealers and garages. The estate is just off a main arterial road which is just off the main roundabout into the town from the A34. The M4 is only 4 miles away.
The town centre is also close by.

Premises details:

The property is a large industrial unit which is 30ft x 50ft. It is of block construction and is a very modern unit. . There are manual shutters. There is a reception area with an office and a large fully equipped workshop with 2 ramps.

Other information

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 Saturdays
• Take on more staff.

Competition / Market:

As far as competition is concerned there are lots of other garages on the estate but this business is the only Renault specialist.

Support & training:

The owner would be available for a business familiarisation period of one week 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.

Trading hours:

The business operates from Monday to Friday between 8am and 5pm.

Furniture / Fixtures value:

£15,000 (included in the asking price)