Car Dealerships for sale in Spalding

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Highly Reputable Garage with MOT Centre

Spalding, Lincolnshire, England

  • Leasehold Price: £119,999  Price Reduced arrow_drop_down
  • Turnover: £101,951
  • Gross Profit: £41,631
Seller Reference: 14064 I
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Business Description
 
 
 
 
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Seller Reference: 14064 I
Request Details
Business Description
Business
Hilton Smythe welcomes to the market B & M Autos, which was established by the current owner in 2000, who is looking to go into a well earned retirement.

The garage specialises in vehicle sales, servicing, repairs and MOT’s of any vehicle make and model. With a good repeat client base and a high level of word of mouth recommendations to new custom.

MOT’s are currently carried out off site, however, there is a licence for MOT’s on site, offering huge potential to boost turnover.

As the owner is looking to move into retirement, there has not been investment in a website or social media pages, a serious consideration for the purchaser to promote the assets of the business to new custom.

Hilton Smythe highly advise early viewing to avoid disappointment.

Location
B & M Autos is located in Surfleet, just outside of Spalding within Lincolnshire.

The garage is located next to a café, which is open 7 days a week and opposite St. Laurence Church bringing good footfall to the area.

There is parking for numerous vehicles on the garage forecourt and there is a bus stop directly outside the garage.

Premises
Outside to the front of the premises is a large courtyard for car sales, this courtyard leads to the side via double gates to a further yard for storage or car sales, this yard leads to the side doors to the rear service area.

The garage is entered from the front by a door to the reception and double concertina doors to the front service area. This service area has the licence for MOT’s and a two post ramp, there is access from here to the reception and to the rear service area.

The rear service area has a further two post ramp and gives access to a large storage area and toilets.

The reception has the office off and leads to the staff room/tea room.

Tenure
We are advised the business is being sold as a leasehold business opportunity.
The lease is currently on a rolling lease arrangement, and the landlord will be looking to grant a new lease to the new owner of the business.
The current owner has paid £7,000 per annum rent for the last 17 years, however, we are advised the rent will increase, currently we do not have a full indication as to how much this will increase by and is to be negotiated with the Landlord.

Hours
The business opening hours:
Monday-Friday:8.30am-6.00pm
Saturday:8.00am-12.00pm.

Staff
The business is run and managed by our client, with the help of a part time member of staff, this is due to the owner looking to retire.

Financial Profile
B & M Autos generated an advised turnover of circa £102,000 as of the 2017 accounts, with a gross profit of around 40%.

Tenure:
Leasehold
Listed by:
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