Garages for sale in Banbury

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Garage with Impressive Reputation & Repeat Trade

Banbury, Oxfordshire, England

  • Leasehold Price: £75,000
  • Turnover: £125,336
  • Gross Profit: £80,802
Seller Reference: B04713
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Business Description
 
 
 
 
 
 
 
 
 
 
 
 
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Seller Reference: B04713
Request Details
Business Description
Business
Hilton Smythe welcomes to the market this very well-established MOT, repair and servicing specialist, offering an ideal, accessible location within a detached building.

The business itself has been run by the current owner for more than 25 years now and is very well known and established in the area, with long standing repeat and referral customers. Our client has been in the trade for many years and is now looking towards a very well-earned retirement.

The business carries out many services to include:-

• Class 4 MOT testing
• Car servicing
• Car repairs
• Engine management and diagnostics
• Brakes and clutches
• Steering and suspension
• Car batteries
• Window tinting
• Air conditioning and more

The business also has a website that can be found at http://www.banburycarclinic.co.uk/. Even though this is a successful business, it would also benefit, taking it to the next level, by adopting a more vigorous marketing policy, with online advertising, use of social media and a new good quality website, together with longer hours and more weekend working.

An internal inspection is very highly recommended to appreciate the potential and quality on offer.

Location
Banbury Car Clinic is situated in the very sought-after area of Banbury, Oxfordshire.

Banbury is a historic market town on the River Cherwell in Oxfordshire, England. The town is situated 64 miles northwest of London, 37 miles southeast of Birmingham, 25 miles south-by-southeast of Coventry and 22 miles north-by-northwest of the county town of Oxford. It had a population of 46,853 at the 2011 census.

Good access is easily available to all surrounding areas.

Premises
The premises are set within a good-sized building amounting to approximately 190 sqm and consists of,

• Main workshop
• Reception area/office
• Small store
• Mezzanine storage area
• Kitchen
• WC and small side yard overlooking the canal

There is also parking for several vehicles.

You have an extensive range of equipment included in the sale as follows,

• MOT bay with 4-ton Mot scissor type lift
• Shacker plates
• Gas tester
• Diesel tester
• 2 post ramps
• Selection of specialist tools and hand tools
• Several trolleys jacks
• Inspection pit
• Oil drainer and sucker
• Diagnostic equipment
• Including Launch
• Hella
• V.C.D.S
• Auto com and Pico 4 channel scope
• Small and large axle stands
• Air compressor
• Tyre pressure gauges
• Impact guns
• Office equipment
• Computers in workshop and office
• Printers
• Redcare alarm system
• CCTV
• Fume extractor
• 3 phase connector and more

The main building is accessed via full height doors.

They also have a yard with parking.

The site must be inspected to see the potential and business on offer.

Tenure
We are advised that the business is being sold as a Leasehold opportunity on a 10-year Lease, which has 8 years remaining.

The rent payable is £12,000 per annum.

Hours
Monday to Friday 8:00 a.m. to 6:00 p.m.
Saturday 8:00 a.m. to 3:00 p.m.
Sunday Closed

Staff
The business is currently run by the owner and 1 part-time member of staff.

Financial Profile
The accounting information shows a turnover of £125,336 for the year to 31st March 2017 with a gross profit of £80,800.

According to the VOA website the current rateable value is £12,250 with rates payable of approximately £1700 per annum.

Tenure:
Leasehold
Listed by:
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