Garages for sale in Accrington

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Ian McGregor (Nov 2013)
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Freehold Price: £625,000 Price Reduced Leasehold Price: £149,950
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Business Description
Superb Freehold/Leasehold Garage Services & MOT Business
W/T £2,700 - £2,800
6 Month Handover Period at no cost to buyer.
Excellent Apartment Available
Conducts Class 4,5 & 7 MOT's
EPC Rating - G

The business is situated in Lancashire, in the North West of England.

It is located just off the M65 and situated on the edge of a large town with other large towns very nearby. There are 2 train stations nearby and it is off a main road where there are regular bus routes. If however, the customer wishes to stay with their vehicle whilst it is being repaired, there is a large waiting room.

Blacks Brokers are delighted to offer to the market this superb Garage which has been long established and in the careful hands of our clients since 2005. The owners are reluctantly offering the business to the market due to their desire to take well deserved retirement.

Since the business was established they have expanded from just MOTs to MOT's, Repairs and Full Garage Services and now run the business at a pace that suits, meaning that there is massive scope for the new owner to further develop the business. Our clients advise us that annual turnover currently runs at £130,000 with good profit margins.

This is a large commercial unit which houses 5 ramps. Our clients have advised that at maximum capacity, (ie.close of business) the unit can hold 17 cars. There are ample places to park the cars during the day with the building having 2 car parks on either side. One is used for staff cars and the other for customer cars. There is also a separate unit with its own gated driveway. The current owner has suggested that they would be interested in renting this back from the new owner, paying around £200 per calendar month if that would be an interesting proposition.

Included in the freehold sale is a 1 bedroom apartment situated above the office and reception. It has one double bedroom, large living space, fully-equipped matching/coordinated kitchen and a family bathroom. It is currently being let out and is drawing a valuable income of £450 pcm but could also be made available to a purchaser buying on a leasehold basis. This could be continued to be let out or if required, become living space for the new owner.

The current owner has confirmed that he is willing to stay on for a period of 6 months, at no cost to the buyer, after the purchase has been completed to ensure an efficient and smooth transition period. The business has always enjoyed excellent levels of repeat trade and is very well known for quality of service. The business also sees a healthy amount of new clients derived from good word of mouth recommendations and from the highly visible trading location situated on a busy main road. This is a superb opportunity to purchase an established business, which is a great base to build upon and as such early viewing is highly recommended as this superb business is not to be missed.

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Trading Hours:

Monday - Friday 9:00am - 5:30pm
Saturday 9:00am - 1:00pm
Closed Sundays

Tenure: Freehold, Leasehold

Accommodation Details:

Large Commercial Unit, Offices, Staff Room, Separate Unit With A Driveway & 2 Car Parks. S/C Flat consisting of a double bedroom, lounge area, fully-fitted/equipped matching/coordinated kitchen and a large family bathroom.

Location Details: Accrington

Leasehold Term: Rent: £700 pr wk.

Downloadable Documents

Listed by: Blacks Business Brokers Limited
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