Garages for sale in Liphook

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Sarah Davies (June 2014) View More
Leasehold Price: £199,950 Price Reduced Sale Agreed Turnover: £511,916 Gross Profit: £161,765
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Business Description
Hilton Smythe is delighted to welcome to the market Station Garage. This business was originally established in 2006 by our client; who is now looking to sell the business due to the desire to take a well-deserved retirement.

We are advised the current turnover for the business is a very healthy £511,900 per annum with a gross profit figure of 32%.

We are advised sales are split 40% MOT and 60% service. This is on all cars including MOT classes 4, 5 and 7 light commercial. The business benefits from a large premise which has space for 6 vehicles to be worked on. There are currently 4 members of staff working at the business and so we feel this should be increased to maximise the amount of vehicles being worked on; therefore there should be an increase in turnover.

This is the only class 5 MOT garage in the area and so we feel this should be advertised more to boost the custom. The business is very close to an abundance of housing so benefits from a high amount of repeat loyal trade.

The business does currently have an agreement with a local taxi firm to service and MOT all 140 vehicles. The new owner should look to further increase these agreements with large local businesses.

In the area there has been planning permission accepted for 60 new homes to be built. This is just to the side of the industrial estate. We feel this opportunity would be highly beneficial. Door to door leaflets would be a great way to promote the business to these new potential customers.

This garage would be a perfect opportunity for a purchaser with experience in the trade. Our client is a fully authorised MOT examiner and so saves on some wage bills. This would be a fantastic opportunity for any purchaser looking to buy this type of business. Hilton Smythe highly advise early viewing to avoid disappointment.

Station Garage is located on an industrial estate in Liphook, Hampshire.

The industrial estate is just off a well-used main road. This area is densely populated and there are several businesses around such as a florist and printers. On the estate is a generous amount of complimentary trades like the vehicle parts business. Liphook town has all amenities and is an easy drive away from this area.

The area is benefitted by great public transport, throughout the town are many bus stops with regular daily routes. There is also Liphook train station which is an easy short walk from the property. The area has great road links with the A3 approximately 10 minutes away. The A3 runs from Croydon all the way through to Portsmouth.

The business is run from a large industrial property. There is a big metal shutter door that leads through into the spacious workshop area. This is approximately 328 m2.

There is a separate entrance which leads through to the office area.

Equipment included in the sale is as follows-

1 x double height rotary ramp

2 x double height 4 tonne Ramps

1 x 3 tonne ramp

Mot bay

Wheel tracker

Break tester

Diagnostic machine

This is a double height property and there is the ability to work on a minimum of 6 vehicles. There is also parking outside for waiting vehicles and staff.

Above the office is a staff area which is also used for storage.

We are advised the business is Leasehold.

Original lease length: 5 years

Remaining lease length: 1 years

Review every: 5 years

Rent: £23,520 per annum

The business is open-

Monday - Friday: 8am – 6pm

Saturday: 8am – 4:30pm

Sunday: Closed

The business is run and managed by our client with the help of 4 members of staff.

The business generates a turnover in the region of £511,900 per annum.

With a gross profit of around 32%

Tenure: Leasehold

Listed by: Hilton Smythe
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