Superbly Located Leasehold Garage Services in Wilshire
Price:
Leasehold - £75,000
Location:
Wiltshire , Whiteparish
Business Type:
Motor & Transport Businesses for Sale
Business Details
The particular highlights of the business are:
- A well established business.
- Good loyal clientele.
- Fully equipped business with favourable lease terms (see below).
- Turnover in excess of £70,000 pa with a net profit of £11,511 (see financial summary below).
- A business with great potential.
- An easily run operation.
- A good first time buyers business.
- Low rent and rates.
- Very low overheads.
- A niche concern with no competition.
- Business enjoys superb local reputation
- The concern provides servicing, repairs, general maintenance, MOT preparation and engine analysis for all makes, specializing German, American, Lotus and classic cars.
History
Phoenix Business Transfer Agents are delighted to place onto the market this superbly located leasehold garage services business which has been established since 1989. The business has been in the hands of the current owner since 2000 and he now wishes to sell due to retirement.
Services
This very good business opportunity provides servicing, repairs, general maintenance, MOT preparation and engine analysis for all makes, specializing German, American, Lotus and classic cars.
Staffing
The concern employs no staff and is family run.
Owners Role
The owner is involved in the day to day running of the business.
Marketing
No marketing or promoting of the business has recently been undertaken as the business is well known and has an established website.
Competition
There is no local competition.
Market
The client base consists of residents from this affluent area with high levels of repeat customers from this well established business. The business currently has over 200 active customers on its database.
Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings and local and internet advertising.
• Increasing the opening hours to include Saturday and Sunday trading (especially when incorporating used car sales).
• Increasing the services to include MOTs.
• There is ample space to incorporate a sales area for used cars with space for up to 100 vehicles.
• Becoming more efficient with staffing levels.
• With an enhanced website.
Training and Handover
The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The owner would also be happy for an on the job observation period to assess the business prior to offers being made.
Property Details
The property is detached and is approximately 1,000 sq ft. The main service and repair area is cemented. It is very well presented and is very conveniently laid out. There is an office and customer toilets.
To the rear is a store room. There is a toilet, staff facilities and a fully fitted kitchen.
External
To the front there is 12,000 sq ft of open space with massive potential for development, especially as a sales demonstration area for used vehicles.
Equipment with Sale
All fixtures, fittings and equipment are included in the sale price and are valued at £10,000.
Financial Details
The present annual turnover is £74,546 with a gross profit of £39,199and a net profit of £11,511.
The potential turnover of the business within the next 2 years is forecast to reach £150,000 pa given the changes that are required to be made to the business, this could be greatly increased up to £500,000+ with good volumes of used car sales. Full financial disclosure is available on request after viewings and the signing of a confidentiality agreement.
Please note Phoenix do not guarantee the accuracy of these figures which are in many cases estimated and are not verified. Please do not rely on the accuracy of these figures and seek professional help before making any offers. Phoenix will not be held liable for any inaccuracies in these figures or any other statements contained in relation to this business.
- Situated on Southampton Road in the Whiteparish area of Wiltshire near Salisbury.
- Prominent location on main arterial road.
- Excellent free parking facilities.
- High levels of passing trade.
- Good volumes of traffic.
- Commercially thriving area.
- Well linked with the A36, A27 and M27.
- Salisbury, Southampton, Andover and Winchester all lie close by.
- A lifestyle area.
- Excellent local demographics for this type of area.
- Affluent area.
The original length of the lease was 10 years and is currently on a rolling agreement. The rent is £7,200 pa. The lease is renewable.
Monday to Friday 9am - 5pm.
Saturday and Sunday Closed
North Yorkshire
£ 750,000
|
|
Business Services that may be of Interest:
|
|
|