Garages for sale in Richmond

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Imran Ahmed (Nov 2014)
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Leasehold Price: £129,995 Price Reduced Turnover: £226,622 Gross Profit: £120,000
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Business Description
BUSINESS
Hilton Smythe are delighted to welcome to the market Gallowgate Motors Ltd. This fully equipped general vehicle repairs business, is very popular within the area. Established back in 1963 this business is well known and has a long list of loyal customers.

Our client has owned the business since 2005 and is now looking into selling the business due to other business interests. The business is currently run as a general repairs and servicing business that also offer pre-test work and tyres. They also offer industrial gas agents, which the business receives commission for sales. The gas bottles are property of Energas.

The business is generating a turnover of £226,622 per annum with a gross profit of 53%. The business has scope to improve turnover and can do this by starting up a local breakdown recovery service. In the area are many other car companies that offer many other services this business could also look into MOT station to stay ahead of competitors.

The property is a great size for this business, and the new owner will benefit from the very low cost to rent the premises. This business is a fantastic opportunity for a new owner, and we advise early viewing to avoid disappointment.

LOCATION
Gallowgate Motors Ltd is on an industrial estate is Richmond, North Yorkshire.

Gallowfields trading estate is just out of the main town centre, with a cluster of motor trade businesses in the nearby area. With so many motor companies in the area, each complement each other and all businesses are well supported.

This large business is within Richmond the beautiful market town in Yorkshire. Named UK town of the year in 2009, the town attracts a lot of tourists. Located just on the edge of the Yorkshire Dales National Park, the area has a mass of footfall.

Close by to Reeth Road A6108 which leads through to the A1 road which goes all the way through Yorkshire, straight down to Sheffield. The town centre which is just a few minute drive away has a large range of retail outlets and many tourist attractions, such as Richmond Castle and Georgian Theatre Royal, the best 18th century theatre in the UK.

PREMISES & EQUIPMENT
This large ground floor premises is a fantastic size and comes fully equipped. The premises comes with parking for staff and customers, with entrance to the yard from the front and the back of the property.

The main workshop has a mezzanine floor which is currently used for storage. The workshop area is bright and spacious with the double height celling. To the rear of the workshop is a tyre storage area, and also general storage area for tools etc.

To the side of the workshop is a reception area with an office. There is also a customer toilet a kitchen for staff to use. Outside of the property is a toilet for staff. The building has 3 phase electric throughout.

Equipment included in the sale-

Tyre machine

Tyre balancer

Timing tools

Industrial gas canisters property of Energas

Snap on Diagnostics

Engine equipment

3 x Hydraulic lifts one of which is mobile

Hydraulic press

Inspection pit for over 7.5 tonne repairs

Engine hoists

Mig welding equipment

Trolley jacks

Axle stands

Office computer system

Compressors

Waste oil burner

TENURE
We are advised that the business is Leasehold

Rent £7,200 per annum.

HOURS
Business opening times-

Monday-Friday: 8am-5:30pm

Saturday: 8:30am- 1:30pm

Sunday: Closed

STAFF
The business is run and managed by 2 partners, a full time mechanic and part time administration.

FINANCIAL PROFILE
We are advised the turnover for the business is around £226,622 per annum

With a gross profit of 53%



Tenure: Leasehold

Listed by: Hilton Smythe
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