Garages for sale in Falmouth

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 We were searching for a retirement business opportunity and we found it on www.daltonsbusiness.com 

Mr & Mrs Neville (Sept 2013)
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Freehold Price: £449,950 Turnover: £150,000
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Business Description
BUSINESS
Hilton Smythe is delighted to welcome to the market this well-established and busy garage business, which is ideally located within the popular town of Falmouth in Cornwall.

The business was original established in 1984 and has been in our client’s careful ownership since 1994. Only now is the business being offered to the market due to our client’s desire for a well-deserved retirement. The business currently operates 5 days per week and generates a turnover in the region of £150,000 per annum, with a good gross profit.

The local well-known garage offers a variety of services including car repairs and car body repairs. Our client also offers his services a local taxi firm, who have a fleet of 20 vehicles. The property is very well maintained and fitted out to suit the trade and boasts spacious two bedroom owners’ accommodation to the first floor with a large living room, kitchen/dining room and bathroom.

The business has built up an enviable reputation within the area for the high quality of the repairs and services offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations.

We feel there is scope to increase the turnover by extending the opening hours, perhaps by offering Saturday trading. A new owner could also embark on a modest marketing campaign to highlight the excellent service offered. We feel the business would benefit from the launch of a website to advertise the business.

This is an excellent opportunity for a new owner to take this already thriving business to the next level; therefore, early viewing must come highly recommended to avoid disappointment.

LOCATION
Jubilee Garage occupies substantial premises, ideally located within the town of Falmouth in Cornwall. The property is situated within a densely populated residential area, from which the business derives much of its trade. The business further benefits from free on-street car parking facilities to the front of the premises.

Falmouth is a town, civil parish and port on the River Fal, on the south coast of Cornwall. The town is one of the foremost holiday destinations in the UK, offering everything from excellent Blue Flag beaches to sailing and cliff walking. The town centre offers a wide range of cafes, shops, galleries and restaurants. Attractions within the area include the National Maritime Museum and the historic Pendennis Castle.

The area of the business is well served by the public transport system, with several bus stops within easy walking distance of the property. The nearest railway station is Penmere, which is just over half a mile away. The area is also well served by the A-roads, with the A39 being within easy driving distance of the property, which links to the national A-road and motorway networks. Redruth is approximately 10 miles away and Truro is 11 miles away.

PREMISES
Substantial two-storey premises, in an ideal trading location, briefly comprising:

Ground floor:

Entrance to garage through shutter doors.

Door to left leads to an office, which is currently rented by a local taxi firm for £50 per week.

Main office with racking/shelving for stock, desk and CCTV monitor.

Large spacious garage, fitted out to suit the trade with desk, racking/shelving and bench.

Utility room with stairs leading to first floor flat. The business is also fitted with gas central heating.

First floor:

Large living room with wooden flooring, skylights and electric fire.

Second living room with skylights and electric fire.

Kitchen/dining room with wall and base units, cooker and table & chairs.

Bathroom with vinyl flooring, bath, WC and separate shower.

Double bedroom with built-in storage.

Double bedroom.

External:

Well signed.

Electric shutter doors.

Equipment included:

2 post ramp.

4 post ramp.

Compressors.

Mig welder.

Engine hoist.

Weber coil press.

Diagnostics kit.

Table clamps.

Snap on tool chest.

4 x camera CCTV.

TENURE
We are advised Freehold.

HOURS
The business is open:

Monday – Friday: 9.30am – 5.00pm

Saturday – Sunday: Closed

STAFF
The business is owner run and managed.

FINANCIAL PROFILE
The business generates a turnover in the region of £150,000 per annum.



Tenure: Freehold

Listed by: Hilton Smythe
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