Service & Repairs Garage - Est 21 yrs For Sale

Business description

Advent Business Sales is pleased to have been instructed to offer to the market this extremely well established and popular mechanical garage.

Founded by our client over 21 years ago, the business is only now being reluctantly offered for sale as he wishes to retire.

The garage will repair or service any make or model of car but does specialise in Audi, VW, Seat and Skoda.

The business has an excellent local reputation for quality work at reasonable rates which are considerably below those charged by the main dealers.

Customers are drawn primarily from the local area, helped in part, by dealership for each make in which it specialises being in excess of 10 miles away. The business also has a database of over 2400 past and present clients.

New clients come by personal recommendation or are attracted by advertising which consists of roundabout sponsorships and by bill board posters. Customers are almost 100% retail.

Our client staffs the garage with 4 full time technicians and 1 part timer in the office.

In the last financial year to March 2008 they achieved annual sales of £410,186 with a gross profit of £228,493.

The business is offered as a fully equipped garage which includes:
• 5 x 2 poster ramps
• Diagnostic equipment – 2 sets
• Tyre fitting machine
• Air conditioning equipment
• Compressor
• Exhaust extractor
• Battery charger
• Engine hoist
A full list will be given to potential buyers

We are advised that stock at cost is approx £10,000 and the business owns 4 courtesy cars worth £12,000.
REF: 9328HP

Property information

Property:

Leasehold

Lease terms:

TENURE: Leasehold
Original lease: 10 years
Remaining lease: 9 years
Review every: 5 years
Rent: £28,000

We are advised that the annual business rates are currently: £9,700

Location:

The garage is ideally located in the centre of a large industrial estate which has over 5,000 workers on site, many of whom will have cars in which they specialise.

Nearby towns include High Wycombe, Slough, Amersham, Marlow and Beaconsfield.

Access to the area is via the M40 motorway which gives excellent links via the A40 to London

Premises details:

Excellent modern premises with double-glazing, alarm and CCTV system and briefly consisting of:
Ground Floor
• Entry from our car park via full height roller shutter door into the work shop area with 5 off 2 poster ramps in situe
• Inside parking for up to 15 cars
• Reception office
• W/C’s
• Rear stores

First Floor
• Office
• Side stores
• Kitchen area

External
• Own large car park for up to 30 vehicles

Other information

Expansion potential:

Although already a successful garage, the business still offers excellent scope to increase both turnover and profits by:
1. Having an owner working directly on the tools to save on a technicians wage or would increase sales
2. Applying for an MOT bay
3. Working on commercial vehicles as well as cars
4. Offering car sales

Trading hours:

Mon-Fri: 8.00am – 6.00pm
Sat: 8.300am –1.00pm

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