Garages for sale in Sherborne

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 I am delighted with the service – I’ve sold my business and highly recommend Daltons to other business sellers 

Marianne Ross (April 2014)
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Leasehold Price: £49,950 Price Reduced Turnover: £38,615 Gross Profit: £19,446
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Business Description
BUSINESS
Hilton Smythe is delighted to introduce to the market P. M. Street AE.  This long established garage was originally founded in the 1990’s with our client successfully solely running the business since inception in 2011.

The business offers servicing and repairs to all types of vehicles, MOT preparation and repairs and also provides a collection and delivery service in the area.  The business is very well known in the region and sees much repeat trade and benefits from word of mouth recommendations.  The business currently reports a turnover in the region of £38,600 with a gross profit of 50% but has reported a higher turnover in previous years.

The workshop is a generous size and fully equipped to suit the trade.  The business also benefits from a large forecourt with further gravelled area to the rear opening up the potential to perhaps introduce car sales.  We also believe the business has huge potential for further growth and would benefit from a marketing and advertising campaign.  Certainly, the introduction of a website and advertising on social media websites to further promote awareness of the business would be advantageous.  A new owner could also extend opening hours to cover weekend trade.

The fantastic location would also lend to a possible change in direction and would be a perfect site for a classic car restoration business, indeed, the business was previously a Rolls Royce specialist.

This is a fantastic lifestyle business which genuinely comes to the market as our client wishes to concentrate on other interests.

LOCATION
The business is located in the idyllic country village of Trent in Dorset.

P.M. Street AE operates from a fully equipped workshop on a good sized plot of land allowing for ample parking and workspace.  The business sits within the Yeo valley and is surrounded by beautiful Dorset countryside.

Trent is located around 4 miles from Sherborne and around the same distance from Yeovil.  The business is located on a leafy lane off the B3148.

PREMISES
The business comprises of a large yard, a wood clad workshop, separate oil store and a further detached wood clad barn with pitched tiled roof

Workshop

A generous sized fully equipped workshop, double doors to front, four poster ramp and a two poster ramp, windows to rear, fluorescent lighting, concrete floor, oil fired space heater, perimeter shelving, work bench, welding equipment and gas bottles, stainless steel sink and drainer with cupboards above and beneath, ’Redring’ water heater, larder fridge and door to useful store room with perimeter shelving.

Reception/Office

With windows to front, perimeter shelving, filing cabinet and desk.

Oil store

Wood clad attached building with tiled roof containing waste oil tanks and perimeter shelving with windows to side

Detached Barn/workshop

On the other side of the concrete yard is a good sized detached barn, wood clad with a pitched tile roof with three doors and windows to front and rear comprising of a generous store room with Dexion type shelving with fluorescent lighting.

A further room with concrete floor and a ‘Colchester Triumph’ lathe which is in full working order and perimeter shelving leading to:

Kitchenette area

With window to rear, tiled floor, a generous run of worktop and space for appliances which in turn leads to:

Workshop

Good sized workshop with barn type door to side, steel workbench, perimeter shelving, engine hoist and a rolled steel beam to ceiling with block and tackle.  Stairs to a useful loft storage space

There is a good sized concrete yard to the front of the business and a further gravelled are to the rear.  The premises are well presented and maintained.

TENURE
We are advised leasehold

The original lease length is 5 years

Reviewed every 3 years

1 year remains on the lease

Rent is a peppercorn £425 per month.

HOURS
The business opens:-

Monday to Friday 8.30am – 5.30pm

Closed Saturday and Sunday.

STAFF
The business is solely run by our client.

FINANCIAL PROFILE
The business currently reports a turnover in the region of £38,600 with a gross profit of 50%, but has reported a higher turnover in previous years.


Tenure: Leasehold

Listed by: Hilton Smythe
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