Garages for sale in Coventry

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S Martin (Feb 2013)
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Leasehold Price: £97,950 Turnover: £158,408 Gross Profit: £65,232
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Business Description
BUSINESS
Hilton Smythe welcomes to the market HBP Motors. The business was originally established in Coventry over 24 years ago, our client then took over 16 years ago, but has worked at the business since it first opened. Our client has a great knowledge of the trade and has created a great business opportunity. The owner is now looking to sell the garage, due to the desire to take a well-deserved retirement.

The garage offers class 4 MOT’s, repairs and services as well as specialising in air conditioning, clutches, exhausts, suspension and vehicle diagnostics. This is a well-established garage that benefits from an enviable repeat client list; this will be included in the sale.

The business is currently generating an advised turnover of around £158,000 per annum, with a gross profit of 41%. This is a healthy turnover that we feel could be increased by taking on more staff, this will allow for more work, therefore more income.

The garage has a great website www.hbpmotors.co.uk this has a full list of services available and customers can also book vehicles in for repair. The website is included in the sale.

The garage has two courtesy cars available, this a great service that most competition does not offer. This is an outstanding garage that provides a professional service that is recognised in Coventry, this business thrives off word of mouth recommendations.

This is a fantastic opportunity that is not to be missed. Hilton Smythe highly advise early viewing to take in the full potential of the trade.

LOCATION
HBP Motors is located in Coventry, West Midlands.

The garage is situated on an industrial estate just off a main road. There is a variety of complimentary business on this estate, this brings in a large amount of footfall. Just off the estate is an abundance of residential property; from which the business derives much of its trade. There is generous parking in the area, the property also comes with a plethora of secured parking spaces.

Coventry is a city that has all amenities, there is also a generous amount of infrastructure. There are several bus stops located in the area and the closest train station is just a 10 minute drive away. The A444 is a major A-road in the city, this heads from the centre of Coventry and heads up to Stapenhill.

Coventry City Centre is approximately 5 minutes away, with such close proximity to the centre the area benefits from heavy footfall and passing trade.

PREMISES
HBP Motors is situated in a large unit that is well signed. The property is fenced off and comes with a large private parking facility to the front and back of the garage, the rear of the property parking is currently used for scrap cars, there is space for 6 vehicles.

The garage is single storey with two roller shutter entrances leading into the workshop. There is also a reception/office area, with computer and counter, there is also seating for awaiting customers, with water cooler and magazine table. From the reception is an entrance to the workshop from both sides of the counter.

Above the reception is a mezzanine floor, this is used as a separate office space with an MOT computer.

The workshop has another roller shutter at the back of the property for vehicles to enter or exit, this is mostly used for MOT vehicles. This is a well-equipped garage that is in a walk-in trading position.

Equipment included in the sale, is as follows-

2 courtesy cars value for both about £1000

2 post ramp

Counter

Seating

Full MOT set up –

4 post ramp

Brake tester

3 x diagnostics equipment – 2 up to date, one of which is older for older cars.

Mig welder

Tracking 4 wheel alignment

Air conditioning re-gas

TENURE
We are advised the business is being sold as a Leasehold opportunity.

Original lease length: 9 years

Remaining lease length: 5 years as of 2016.

Rent: £8,500 per annum

HOURS
The business opening hours-

Monday - Friday: 8:30am – 5:30pm

Saturday: 9am – 1pm

Sunday: Closed

STAFF
The business is run and managed by our client, with the help of one member of staff.

FINANCIAL PROFILE
The business generates a turnover in the region of £158,000 per annum.

Gross profit 41%



Tenure: Leasehold

Listed by: Hilton Smythe
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