Garages for sale in Milton Keynes

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Long Established Reputable Garage

Milton Keynes, England

  • Leasehold Price: £79,999  Price Reduced arrow_drop_down
  • Turnover: £196,469
  • Gross Profit: £117,374
Seller Reference: 14588 I
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Business Description
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Seller Reference: 14588 I
Request Details
Business Description
Hilton Smythe welcomes to the market Truline which was established by our client in1977, our client is now looking forward to retirement.

Truline is a traditional service and repair garage with a strong local reputation and is part of the Good Garage Scheme with a 5* rating. The automated computer system has a recall facility for annual servicing for the many repeat customers.

The garage carries out servicing and repairs on cars, motorcycles and specialises in air conditioning., brakes, breakdown recovery, car batteries, car body repairs, MOT preparation and repairs along with general repairs

The business is being sold with the website along with a Facebook page with 5* rating.

Hilton Smythe highly advise early viewing to avoid disappointment.

Truline is located in Bletchley, Milton Keynes, Buckinghamshire.

Bletchley is best known for Bletchley Park the headquarters of Britain's World War 11 codebreaking organisation, and now a major tourist attraction. The National Museum of Computing is also located on the Park.

Bletchley was included in the "designated area" when the "New City" of Milton Keynes was founded in 1967. Bletchley centre was altered considerably when the Brunel Shopping Centre was built in the early 1970s, creating a new end to Queensway. (Previously, Queensway – formerly known as Bletchley Road – a continuous run from Fenny Stratford to Old Bletchley).

Truline is located on an industrial estate surrounded by other similar businesses and close to a residential area. There is customer parking on the front forecourt for several vehicles.

There is a forecourt to the front of the premises with parking for 5/6 vehicles and from this is the vehicle access to the main workshop and the customer access to the reception/office.

Reception/office. The reception area has a small seating area and serving counter behind which is the small office space with computer system and filing area, there is a door from this area directly into the main workshop.

Within the workshop there is the following equipment:-

1 x 6.5 tonne ramp
1 x 3.5 tonne ramp
1 x 2.5 tonne ramp
Tyre machine
Balancing machine
New compressor
Air conditioning machine
Numerous ramps
2 x welders
Engine crane
Motor bike platform
6x diagnostic kits
Hydraulic press
CO machine
Off the main workshop area are 2 toilets and a first floor storage area.

Please note that a Renault Clio (04 reg) which is a courtesy car and a Smart car (11 reg) are also available to purchase by separate negotiation.

We are advised the business is being sold as a leasehold business opportunity.

The 10 year lease was assigned in August 2011, therefore, this lease expires in August 2021, the landlord is flexible regarding renewing the lease.

The annual rent is £17,500 plus VAT.

The business opening hours:
Monday-Friday: 8am – 5.30pm
Saturday: 8am – 12noon
Sunday: Closed
These hours could be extended if required.

The business is run and managed by our client, with the help of 1 x part time and 1 x full time member of staff.

Financial Profile
Truline generated an advised turnover of circa £196,469 as of the 2017 accounts, with a gross profit of around 60%.

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