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Lucrative Vehicle Service & Repair Centre In Somerset For Sale

Somerset, UK
Asking Price:
£175,000
Turnover:
£296,000
Net Profit:
Undisclosed

A very successful and well respected vehicle service & repair garage situated in south west Somerset, near the M5.

It caters for most cars and commercial vehicles up to and including 3.5 ton, from someone with one car to a business with a fleet of vehicles. Approximately 50% of their workload are long term private customers and 50% are long term fleet customers.

The business does not actively market itself, every loyal customer has come from either recommendation or word of mouth.

Key features:
- Hugely repected and highly regarded local business
- Successfully trading from same location for 12 years
- Entire customer base from recommendation and word of mouth
- Enormous potential for growth into EV service, repairs & diagnostics

Property Information

Property:

Leasehold

Lease Terms:

The premises are held on a fully repairing and insuring 6 year lease from 22/04/2021 at a passing rent of £16,650 per annum plus a quarterly management fee of £240.

Location:

South West Somerset

Premises Details:

Modern commercial unit.

Size in square feet:
1,500

Business Operation

Reasons for selling:

Retirement

Years established:
12

Listed by

Business Partnership - South Devon & Cornwall.