Garages for sale in Bungay

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Leasehold Price: £75,999 Turnover: £200,000 Gross Profit: £45,000
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Business Description
BUSINESS
Hilton Smythe are proud to present to the market Bungay Tyre Services.

Bungay Tyre Services specialise in fitting, repairing and supplying branded and un branded tyres to their loyal customer base. The business has a great reputation due to the 40 years of service in the industry.  This well-known garage has been owned by our clients since 1996 but now he has reluctantly decided to sell due to other business commitments.

The garage is currently turning over a figure of £200,000 per annum with gross profit circa of 23%. Although we feel this is a brilliant turnover we think with a hands on new owner they could take this already thriving business to the next level. The new could owner could look to set up  website so customers can make bookings online and learn more about what the garage specialises in.  The business is especially known within a 15 mile radius.

There is a possible business opportunity for the garage to expand by offering MOTs, services and the sale of vehicles on this site. There is a large yard to the rear of the premise which is currently used to store classic vehicles but this will moved offsite when bought.

We highly recommended an early viewing on this business.

LOCATION
Bungay Tyre Services is located in Ditchingham, Bungay, Suffolk.

The business is situated in the village of Ditchingham. The area is filled with an abundance of residential homes. There are independent businesses dotted amongst and All Hallows Healthcare Trust is found just down the road from the business.

The closet bus stop to the business is just a 2 minute walk down the road and Beccles railway station is also a 15 minute drive away and takes you directly into Ipswich and Lowescroft. The A143 is a main A road in this location and runs from Kings Lynn to Great Yarnmouth.

PREMISES
The business premises is an open workshop with an office area in the entrance.

The building has a corridor on the left where a disabled toilet is found and towards the end of the corridor is a stock room. From the stock room there is entry to the garage. The garage has a large pit in the centre which is covered with wooden slats, for safety reasons. Shelving for tyres runs along both sides of the garage.

To the rear of the property is a large backyard with two sheds, which are currently being used for storage.

Equipment

Acetylene and Oxygen
Tyre Machine (which is less than a year old)
Tyre Racks
Trolley Jacks
Assorted Tools

The premises is secured with roller shutters at both ends of the garage. There is also a gate over the office door. The building is alarmed and goes directly the police.

TENURE
We are advised that the business is Leasehold.

The business currently has a rolling lease but does need renewal

Rent £535 monthly

HOURS
The business is open from:

Monday – Friday – 8:30am – 5:30pm

Saturday: 8:30am – 1:30pm

Sunday – Closed

STAFF
The business is currently run by 1 member of staff.

FINANCIAL PROFILE
The business reports an annual turnover of £200,000 and has a gross profit of 23%

 



Tenure: Leasehold

Listed by: Hilton Smythe
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