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8961S DERBYSHIRE FREEHOLD: £265,000 FREEHOLD GARAGE

Asking Price: GBP 265000
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Business Location: United Kingdom » Derbyshire » DERBYSHIRE 
Category: Services » Auto Repair, Parts & Services
Description:
Advent Business Sales are pleased to offer to
the market this very well established garage,
which originated 50 years ago.
The number of regular customers it has and
their return rate can measure its success, over
the years.
The present owner has had the business for
the last 23 profitable years, but is now
forced, by serious illness, to retire.
Because of this fact, he has, in recent years
been cutting down on the business opening
hours and farming out some of the work
received.
The garage is primarily a mechanical service
centre with full MOT facilities, as well as
tyre and exhaust supply and fit. To this end,
it has two distinct car bays.
Its customer base is both local and to a 10
mile radius of site.
We are advised that stock at cost is
approximately £5,000.
The one full time employee and the owner
staff the business.
We strongly recommend that this freehold
garage is viewed at the earliest opportunity.
It would suit a partnership of two younger,
keen, intelligent mechanics possibly from
dealerships who feel ready to be their own
boss.
REF: 8961S
 
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Financial Information:  
Annual gross sales: (GBP) 126355
Yearly Revenue: (GBP)
Total yearly sales revenue
N/A
Net Profit: (GBP)
Total profit before taxes
N/A
General Information:  
Business Area:
Year Established: 1960
Is Relocatable?:
No
Business closed or an asset sale : No
Is Home based business?: No
Real estate status: Yes
No of trading hours: Mon-Sat: 9am – 1pm
Reasons for selling:
forced, by serious illness, to retire.
Market competition and expansion:
This is by virtue of the present opening hour’s fantastic, extension up to 8.30am – 6pm on Monday to Friday closing times would generate much higher turnover. There is always a demand for Saturday morning openings. Specialising in electronic tuning would be a must but is a very lucrative avenue to higher turnover.
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