Motor Related Property for sale in Rugby

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S Martin (Feb 2013)
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Freehold Price: £425000 Leasehold Price: £125000 Annual Turnover: £389,404
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Business Description
GARAGE MOT, SERVICE & REPAIRS BUSINESS
Situated on a trading estate in the town of Rugby
Long established and highly reputed business
Well appointed and presented throughout
Early viewing essential to fully appreciate
High amount of regular & repeat trade
Advised annual turnover of £389,404
Scope for further development
Genuine reason for sale
FREEHOLD OR LEASEHOLD

Business History

Meridian Business Sales are delighted to offer for sale this superb garage services business which was established by our clients in 1995. Our clients are reluctantly offering the business to the market due to a desire to take well deserved retirement. Since the business was established they have continually developed and improved the business, introducing new lines and income streams which has enhanced the business massively and in particular shows in the year on year increase in turnover and profitability. Our clients advise us that annual turnover currently runs at £389,404 which is derived from offering a very wide range of vehicle services including MOT testing class 4 and service and repairs to a wide range of vehicles both modern and classic. The business has always enjoyed excellent levels of repeat trade and is very well known for quality of service. The business also sees a healthy amount of new clients derived from good word of mouth recommendations and from the highly visible trading location situated on a busy trading estate. Our client is also including all working equipment and tools in the sale price which is a huge plus for a new owner as there will be no need to spend additional funds on modernising for the foreseeable future. We feel that this opportunity offers a new owner an excellent base to build upon and we urge early interest in this well placed facility.
Tenure: Freehold, Leasehold

Accommodation Details:

Well maintained 5,000sq ft unit, briefly comprising: GROUND FLOOR Secure entrance leading to Reception area with seating and fitted counter/desk Toilet facilities MOT office Large open plan garage with roller shutter 4x ramps 1 MOT class bay 4 Tyre fitting bay Exhaust area Tool storage Staff toilets First floor mezzanine floor Staff room Kitchenette EXTERNAL Parking for 15-20

Location Details:

The business is located in the beautiful town of Rugby, Warwickshire. The garage is ideally situated on a well presented trading estate which brings an ample amount of clients to the area. The property also benefits from having a good selection of neighbouring commercial businesses and retailers which brings shoppers and visitors to the location throughout the year. There is also a good amount of residential homes close by which gives the business a consistent local trade throughout the year. Rugby is a hugely popular business and residential area due to its fine housing, good schools, NHS services and easy road and rail access. The garage also benefits from being situated less than 1 mile away from the M6 motorway making visiting and commuting very easy.

Leasehold Term:

Freehold Option Leasehold Option Terms negotiable Minimum 5 year lease Rent: £25,000pa

Listed by: Meridian Business Sales Limited
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