Garages for sale in Sheffield

View the "Franchise Sale - Vehicle Repair Business." below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

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Adam Warren (Jan 2017)
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Leasehold Price: £84,000 Turnover: £208,473 Gross Profit: £122,316
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Business Description
Business
FRANCHISE SALE
Hilton Smythe is delighted to welcome to the market this popular and busy vehicle repair business, which is ideally located Sheffield

The business was originally established 2014, with all equipment new at the time of opening. The business is only now being offered to the market, due to our clients’ desire to focus on a Midland based business plan to operate closer to their home.

The business currently operates 5½ days per week and generates a turnover in the region of £218,684 per annum, with a gross profit of approximately £124,958 according to the accounts, Hilton Smythe have verified accounts and have information to back up the businesses fantastic performance.

Our clients started the business as a HIQ franchise trading as Express Fit for 4 years, and has many successful years with outstanding customer feedback. With the business being a Franchise, it can only be HiQ the great thing about the business is the support you get from the franchise along with the help and advise you get towards building your business.

Current revenue is split 40% tyres and 60% mechanical. Our client advises there is a great opportunity to improve the Margin, as they employ very loyal and experienced Mechanical staff.

The business currently sub contract 30 – 40 Mot’s a month, the property has expansion opportunities to add a Mot bay.

At Express Fit Autocentres they are there to assist, inspect, diagnose and eradicate problems with their customers vehicle.

The business has built up an excellent reputation within the area for the very high quality of the services offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations.

We feel there is scope to increase the turnover by extending the opening hours, perhaps by offering a full day’s trading on Saturdays. A new owner could also embark on a modest marketing campaign to promote the services offered.

This is an excellent opportunity for a new owner to take this popular business to the next level; therefore, early discussions with Hilton Smythe must come highly recommended to avoid disappointment.

Franchise Benefits:
Own website fully up and running.
MOT reminders.
All marketing included.
Customer service promotion.
Promotions such as cash back.
Area manager who can help out.

Location
Located on the popular A61 Chesterfield Road, a busy commuter road close to a popular retail park attracting high footfall in the area.

In the vicinity are local amenities including café’s, restaurants, bars, a police station and even a library.

With lots to do in the local area within walking distance you are sure to be entertained. Express Fit Autocentres Sheffield serves all the S post code areas.

Premises
Well-presented and well signed garage workshop, briefly comprising ground floor. Secure entrance leading to large open plan workshop, fairly new equipment with an external large car park.

Equipment-

Battery tester
Compressor
Welding bottle trolley
Tyre racking
Breaker bar
Cv boot gun
Break fluid tester
Welding kit
Antifreeze tester
Brake gauge
Tyre machine
Balancer
Hydraulic jacks
Axel stand
4 post ramps
2 post ramps
Oil containers

The sale includes a basement area. There is also extra space in the downstairs area, which is not included in the sale, this is to be negotiated with the Landlord.

Tenure
We are advised the business is being sold as a Leasehold

Original lease length: 10 years.
Remaining lease length: 6 years
Review period: 5 years.
Rent: £900 month

Hilton Smythe are advised the business rate are £514 month

Hours
Mon-Fri: 8:30am-5:30pm
Sat: 8:30am-1:30pm
Sun: Closed

Staff
The business is owner run and managed with 2 x full time members of staff.

Financial Profile
Express fit generated an advised turnover of circa of £218,684 per annum, with a gross profit of approximately £124,958 according to the accounts.

Tenure: Leasehold

Listed by: Hilton Smythe

Find out more about this business opportunity.

 
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B04134
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