LEASEHOLD OPTION AVAILABLE £59,950+ SAV
Hilton Smythe is delighted to introduce to the market Castleford American Auto. Our client originally established the business 35 years ago in 1980, and has thoroughly enjoyed running the garage. However our client is now looking to sell the business due to the desire for retirement.
Our client derives his income from a loyal customer base of American car enthusiasts and caters for all makes & models of American origin. The business is customer based throughout the UK and parts of Europe. Services are offered with the sale of the cars. Further services on offer are new & used car parts, classic car restoration and servicing.
The business is for sale with or without the property or possibly the property on lease. We are advised the turnover for the business is around £75,000 per annum, with a gross profit of 44%. There is an existing website which could be turned into an e commerce website. www.cas-am.co.uk This would therefore increase sales for those who are unable to travel to the garage.
This business has plenty of potential for a new owner looking for an already well established business. We believe this would make an ideal bolt on for someone within the industry looking to expand into this niche market that has very little competition.
With the business genuinely coming on to the market, we highly advise early viewing of this profitable opportunity.
Castleford American Auto is located in Castleford, West Yorkshire.
Castleford is one of the largest towns in West Yorkshire and has a high population. The business is located on a busy main road and is known as the A6032, and is well served by the public transport system, with bus stops within easy walking distance of the property. This area is a mixture of residential and commercial property, from which the business receives much of its trade. The local railway station is found around a 10 minute walk away.
The business is also surrounded by other thriving businesses within a mile radius including a Chrome Plating Company, 2x Shot Blasting and Powder Coating; Alloy Wheel Refurbishing; Engine Boring and Crank Grinding; Laser Metal Cutting; General Engineering; Welding & Fabrication; 4x Tyre Suppliers; Vehicle Paint Suppliers and a major Motorist Discount Centre which attracts more trade to the area due to the similar businesses.
The area benefits from fantastic road links with many busy roads connecting the business to national motorways. Just a short drive away is the A555 a main cut through that goes through the centre of Castleford town centre, around a 5 minute walk away. The M62 junction 31 is one mile as the crow flies, with the A1 junction two miles east and the M1 junction four miles west of us. Pontefract racecourse is four miles away.
The business is set in a single storey garage, with a great sized parking/display forecourt to the front, side and rear of the premises.
The building is large with a substantial amount of space inside for vehicles to be worked on. The workshop area is well equipped and fully fitted with a 4 post ramp and two workbenches.
The measurements for the premises are around 60 foot x 24 foot, and is well secured with a roller shutter door. To the back of the building is the reception/office and washroom area.
If the new owner wanted to buy the garage workshop & yard property at 30, Methley Road, and not carry on the business, this is offered at £159,950. This includes the forecourt, the side yard & rear yard, all equipment, fixtures and fittings and shared use of the external car parking with Number 28, Methley Road.
The external front yard is approximately 50 foot x 36 foot. The back yard is 40 foot x 40 foot and has additional parking spaces for 10 cars.
The latter premises comprises a former pub restaurant converted to a Car Parts and Accessory stores, with very large internal area with several additional rooms and kitchen, plus a six room ,self-contained flat above with separate access and a large rear yard, plus shared use of the external parking area. Similarly priced, lease possible.
We are advised the business is being sold as a business only opportunity.
There is also a leasehold option available by negotiation. With a rent figure of around £10,400 per annum.
The business opens:-
Monday-Thursday: 8:30am – 5:30pm
Friday: 8:30am – 5pm
Saturday: 9am – 1pm
The business is run and managed by the owner with the assistance of 1 full time mechanic.
The business reports a turnover of £75,000 per annum, with a gross profit of 44%.
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