FREEHOLD GARAGE AND TWO BED ROOM HOUSE LEICESTER
Price:
Freehold - £338,000
Location:
Leicestershire , Leicester
Business Type:
Motor & Transport Businesses for Sale
The particular highlights of the business are:
- A long established business.
- Good loyal clientele.
- Fully equipped business with favorable lease terms (see below).
- Turnover in excess of £60,000 with a net profit of £30,000. (See financial summary below).
- A business with great potential which has not been exploited because the owner wishes to find larger premises.
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business and ideal purchase for a sole trader.
- Low rates.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation.
- The concern provides a garage repair and maintenance service.
History
Phoenix Business Transfer Agents are delighted to place onto the market this well operated freehold garage with accommodation which has been established since 1985. The business has been in the hands of the current owner since inception and he now wishes to sell due to re location.
Services
This very good business opportunity provides a high quality and friendly service for its clients.
Staffing
The concern employs 1 full time staff who is paid the minimum wage.
Owners Role
The owners are both involved in the day to day running of the business.
Marketing
No marketing or promoting of the business has recently been undertaken as the business is well known.
Competition
There is a lot of local competition.
Market
The client base consists of regulars and locals.
Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings and local and internet advertising.
• Increasing the opening hours to include full days on Saturday and Sundays.
• With the introduction of a website.
Training and Handover
The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The Owner would also be happy for an on the job observation period to assess the business prior to offers being made.
The present annual turnover is £60,000 with a gross profit of 80% and a net profit of £30,000. The present value of the stock is nominal.
The potential turnover of the business within the next 2 years is forecast to reach £10,000 pa given the changes that are required to be made to the business. Full financial disclosure is available on request after viewings and the signing of a confidentiality agreement.
Please note Phoenix do not guarantee the accuracy of these figures which are in many cases estimated and are not verified. Please do not rely on the accuracy of these figures and seek professional help before making any offers. Phoenix will not be held liable for any inaccuracies in these figures or any other statements contained in relation to this business.
Disclaimer
These details do not constitute part of an offer or contract.
The statements and descriptions given are made without warranties by Phoenix Business Agents Limited who it should be noted have NOT verified the information provided.
Purchasers should in all cases undertake financial due diligence using their own professional advisors before committing themselves in contract rather than relying on illustrations ,figures and information given on behalf of the seller.
- Situated in town centre area of Leicester in Leicestershire.
- Some limited parking outside premises.
- Industrial estates nearby
- Surrounded by densely populated residential area with schools and other local amenities.
- Commercially thriving area.
- Area enjoying much growth and re generation.
- A lifestyle area
- Excellent local demographics for this type of area.
Monday to Friday: 9.15 am – 6.00 pm
Saturday: 9.15 am – 1.00 pm
Sunday: Closed
The property is terraced and is approximately 30ft x 40 ft. The front is branded and the house is to the side of the business. The main workshop consists of a ramp and working area. The side entrance leads to the kitchen and lounge. Upstairs there are 2 bed rooms and a bathroom.
North Yorkshire
£ 750,000
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