Garages for sale in Cheltenham

View the "Large Garage With Great Premise Suitable For Busses" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

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Imran Ahmed (Nov 2014)
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Leasehold Price: £59,950 Turnover: £108,000 Gross Profit: £54,000
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Business Description
BUSINESS
Hilton Smythe is delighted to welcome to the market Andoversford MOT Centre. The business was originally established by our client in 2011; who is now looking to sell this successful business due to relocation.

The business is run as an MOT garage for classes 1,2,4,5 and 7. They also offer other garage services, most trade is from MOT services. The business is open 6 days a week and generates an advised turnover of around £108,000 per annum with a gross profit of 50%.

We feel this already successful business could increase the turnover further by taking on extra staff; this would further allow more bookings. The business currently receives a generous amount of repeat loyal trade from the local area. We feel this could be boosted by taking advantage of free advertising on social media.

Another arm of the business to look into would be vehicle pick-ups and drop offs. Courtesy cars would also compliment the trade well.

This is a perfect premise for the trade and we are advised the building is high enough to accommodate busses. The new owner should look into this option as it would allow the garage to stand out from its competitors. The garage is a great size with plenty of parking for custom and awaiting vehicles. The current owner is looking to get relief on the current annual rates bill in order to increase the gross profit figure.

This is a fantastic opportunity for a bolt-on or first business. We highly advise early viewing to any purchaser interested in this trade.

LOCATION
Andoversford MOT Centre is located in Cheltenham, Gloucestershire.

The business holds a great sized premise on a large industrial estate with an abundance of complimentary businesses. Due to the large amount of business this industrial park receives a generous amount of heavy footfall. Just off the estate is a main road and residential property, from which the business receives much of its trade.

The business is situated 2 minutes away from the A40 which is an arterial A-road that runs from Cheltenham and connects to the M40 at Oxford.  The area is close to Birmingham which is just 1 hour and 30 minutes away, this is an easy commute using the public transport in the area. There are bus stop just off the estate and a train station in Cheltenham.

PREMISES
The business is situated in a large industrial building. At the front of the property is a large shutter door which opens up to the garage area.  There is also a separate entrance which leads in to the large reception area.

The reception area is clean bright and airy. The seating area is great for customers waiting for their vehicles. There is an entrance to the garage, further through is the office space.

The garage has been kept clean and tidy and looks presentable. There is a generous amount of space for several vehicles. At the front of the property is space for customer and staff parking.

Equipment includes-

4 Poster ramp

Wheel setter

MOT station

Diagnostic equipment, this includes rolling floor.

There is around £33,000 worth of equipment which is being paid for monthly. This is from the former owner.

TENURE
We are advised the business is Leasehold.

Original lease length: 10 years

From April 2016 we are advised there is 9 years left on the lease.

Rent: £1,700 per month

HOURS
Business opening hours-

Monday – Friday: 8am – 6pm

Saturday: 8am – 1:30pm

Sunday: Closed

STAFF
The business is run and managed by our client with the help of 1 member of staff.

FINANCIAL PROFILE
The business generates a turnover in the region of £108,000 per annum.

With a gross profit of around 50%


Tenure: Leasehold

Listed by: Hilton Smythe
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