Garages for sale in Worthing

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Highly Regarded Garage and MOT Centre

Worthing, West Sussex, England

  • Leasehold Price: £174,995
  • Turnover: £173,817
  • Gross Profit: £126,747
Seller Reference: 14051 J
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Business Description
 
 
 
 
 
 
 
 
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Seller Reference: 14051 J
Request Details
Business Description
Business
Hilton Smythe are delighted to offer to the market Central Auto Repairs, established by our client in 1987 and now offered to market to allow him now to retire.

This highly regarded garage business not only carries out full Mot’s and repairs of all car types including diagnostics repairs but can now offer a full tyre changing service on site. The expansive site allows our client to take a rental income from 4 other units not required for the garage which in turns allows the garage business to be run rent free.

The business exceeds all the VOSA specs and boasts an excellent in house client record system, which holds over 2000 clients with over 3000 cars on file with full repair and MOT history for each. Our client will offer a full handover of all systems.

The adjacent 3 of the 4 units are rented in a short term agreements and the front unit currently available with office previously was used as a car sale business which took advantage of the front carpark which can hold up to 60 cars. There is also great demand in this area for motorcycle repairs and MOT’s which easily can be added.

The new tyre fitting service has recently been added with £20,000 new investment by our client and already is adding a further £1,000 per week to sales. With on average, 16 carried out per day.

Potential to add 24 hr recovery service.


Location
Central Auto Repairs occupies a very large site on Bridge Road, Worthing in West Sussex.

The town centre garage is accessed directly off the A24 which links to both to the A259 and famous Marine Parade, seafront and Worthing Pier's and Pavilion to the south and the A27 cross country link road linking Brighton to Chichester.

Worthing is an expanding town undergoing massive redevelopment and new housing projects, it is becoming a popular place to live for those looking for a seaside location without the over expensive house prices currently in nearby Brighton.

Worthing mainline rail station is directly behind this garage, allowing commuters to reach central London in approx 1hr 20 mins or Brighton to the east in approx 22 mins.

There is a very large carpark included in the garage site for use of its customers as well as limited free parking in the adjacent streets.


Premises
Large site split into 4 units –

Full cctv throughout the site with 24 hr call out cover

Unit 1 - purpose built office with bathroom facilities and front courtyard and share of the large 60 vehicle carpark

Unit 2 - secure unit rented out for dog grooming.

Unit 3 - reception and office, MOT office (with new £15k scanner), large garage with 2 x 2 poster ramps, 30k MOT bay, 2 x compressors, 3 x tonne press, jacks, hydraulic and hand tools, ability to work on min 5 x vehicles and height allows larger vehicles such as camper vans and mobile homes.

Rear storeroom, tyre changing room with new changing and balancing equipment and secure alarmed tyre store room.

Unit 4 - rented out for a commercial car repair business and includes 2 x 2 poster ramps owned by our client.

Unit 5 - rented out for motorcycle repairs

Vehicles included – pick-up truck, van, Free lander car.


Tenure
We are advised Leasehold.

The original lease length is 12 years, with 2 remaining which is renewable, paying £19,500 for all 4 units.

Currently no rates paid her which is an excellent bonus due to the size of the property


Hours
The business currently opens:-
Monday to Friday 8.00am -5.00pm,
Saturday 8.30am -1.00pm
Sunday closed.


Staff
The business is owner run with the assistance of 5 full time Technicians. (1 of which is Manager and can step up in absence of our client and run the business).

Financial Profile
According to the 2017 account, the business generated turnover in the region of £170,000.

Tenure:
Leasehold
Listed by:
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