For Sale: The Freehold of this reputable Garage Services, MOT center, Workshop, Petrol Forecourt, Shop, and attached house/owner accommodation. Available as a whole lot or separately by negotiation. (Commercial Property & Business £665,000 | Residential Property £230,000)
The business has been established for over 70 years and is situated in the densely populated and desirable large village of Bishops Lydeard, at the foot of the Quantock Hills, Somerset West & Taunton TA4.
Turnover is consistently around £960,000 pa, with adjusted net profits for the most recent year ending at circa £138,000. GP £265,000
A Multi-Stream income is derived from petroleum Sales, Workshop Services, Class 4 Mot’s, General CTN Retail shop and Fuel Wholesale incentives. Solid Google reviews, with a loyal customer base and an extremely high level of repeat business.
The business is currently operated as a limited company; full accounts will be made available to interested parties following a viewing inspection and meeting with our client.
Fuel Sales are currently at circa 600,000 litres per year, with a net profit of over 4 people. Generous incentives and a maintenance package exist, that include the pumps and operating system provided by the wholesale supplier (Currently Murco on a rolling 5-year renewable contract)
A very busy Garage Workshop can support 3 full-time mechanics and is an accredited Mobil 1 Service Center. Currently, the MOT bay Grandfather rights are accredited to the existing owner. Three self-employed staff carry out the MOT tests. The Workshop/MOT element generates circa £400,000 pa turnover and is consistently profitable, with rebate incentives provided by several parts suppliers on a 30-day cashflow positive credit term.
Sales from the small but very functional shop are around £100,000 pa, retailing tobacco, confectionary, grocery, bottled gas, solid fuels and logs, and motor-related products. The shop also serves as a reception area for the Workshop. A separate waiting area with CCTV is provided for MOT customers, where required.
A full-height, lit canopy extends over the petrol forecourt, allowing HGV access where necessary. A modern 6-hose pump offers 2 x Diesel, 2 x Premium Unleaded E10, and 2 x Unleaded E5. The pumps are linked to an integrated console and EPOS till system in the shop.
The workshop houses 4 ramps (one new in 2021) over three lanes and is extensively equipped with a range of tools and accessories, including (but not exhaustively) two modern diagnostic scanners, an airline oil dispenser, a compressor, a laser wheel alignment apparatus, an air conditioning re-gassing machine, and a full-sized cabinet of high-end specialist tools. Several courtesy cars will be part of the sale.
There is an operations office on the ground floor and an accounts/administration office located on the first-floor mezzanine. Extensive storeroom facilities feature on both levels. Staff kitchenette at ground floor level. The business benefits from a four-station network computer suite running an integrated CRM customer program linked to the accounts and payroll package. The modern auto-dial alarm system is linked to ten CCTV cameras with a 30-day storage system and remote access via mobile phone.
Additional information:
The business has been in its current ownership for over 20 years and has an enviable reputation for professionalism and customer service. Although based in a large village, the catchment area is considerable and growing due to the continued development of domestic housing stock in the immediate vicinity. By way of example, a development of 324 new houses has recently been sold and completed.
The total plot is of considerable size and benefits from existing commercial planning permission and consent for an extension to one side. (Schedule drawings are available.) This consent could be utilised for the reconfiguration or relocation of existing retail shop and buildings. The plot currently has a small 6-bay area to the rear of the pumps, which can be used for off-road parking, although there is plenty of unrestricted on-road parking to the surrounding area, including some allocated parking spaces adjacent to the residential property. Alternatively, the bay can be used for a Jet-Wash and Vac or electric charging points in partnership with a wholesale supplier.
The sale is due to the trade retirement of the existing owner and his other business commitments. A short transition period is available on handover.
Average Annual Turnover: c. £966,000
Gross Profit: c. £260,000
Adjusted Net Profit: c. £130,000
EPC-rated D & E
Total useful floor space of commercial buildings: circa 1650 sq ft
AGENTS OPTIMAL POINT/S: “A long-established business over decades. This is a great opportunity for any new owner to continue growth and expansion. Lovely location and lifestyle. It is versatile in its residential accommodation. Renowned for amazing customer service and retention over a long, profitable period. Ideal family operation” Fantastic Scope & Growth
TENURE NOTES: Freehold (Going Concern Business, Commercial Buildings, Plot, Fixtures, Fittings & Operational Assets) Attached is a freehold stone-built 3-bedroom cottage with PP for conversion to 5-bed (schematic drawings available). Properties Held On Separate Freehold Titles From Same Vendor. All business stock is at valuation. Titles may be available separately by negotiation. Commercial/Business £665,000 | Cottage £230,000
A schedule of condition report for the commercial premises was undertaken in 2022. (a copy can be provided for a small copyright fee.)
Current Rateable Value: £10,750 (rateable value is not rates payable and is subject to available schemes and/or applicable discounts); see or consult the relevant local authority for discount confirmation.
Commercial Funding is available from our finance partner. Ask For Details.
