Garages for sale in Swansea

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Adam Warren (Jan 2017)
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Leasehold Price: £195,000 Turnover: £295,982 Gross Profit: £216,633
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Business Description
Business
Hilton Smythe welcomes to the market this very well-established MOT, repair, tyre and servicing specialist, offering an ideal, very accessible location with 2 large buildings separated into MOT and service centre, together with a small detached office building.

The business carries out as many as 5,000 class 4 MOT’s a year, with several local contracts in place and a very strong and established local following.

They also carry out repairs and serving, tyre changing and balancing and so much more.

Even though this is a very strong and successful business, it would also greatly benefit taking it to the next level, by adopting a far more vigorous marketing policy, with online advertising, use of social media and a 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
MGR Motors is situated on the outskirts of Swansea, offering great access close to the M4 Motorway.

Swansea is the second largest city in wales having easy access to the Gower peninsula. The city and County area of Swansea had a population of over 241,000 in 2014.

The area is very well served by the M4 motorway, giving easy access to all surrounding areas.

The business itself has been run by the current owner for more than 30 years now and is very well known and established in the area, with long standing repeat and referral private and fleet customers.

Our clients have been in the trade for many years and is now looking towards a very well-earned retirement.

Premises
The premises are set within 2 large buildings, together with a smaller detached office building, overall offering a substantial amount of space amounting to approximately 456 sqm (nearly 5,000 square feet).

• MOT building 3 mot bays and customer waiting area
• Servicing building having small office with storage over
• Detached office building having electric heating, with reception/office and WC
• First floor 2 further offices.
• There is also an external WC within the yard

The site affords ample customer and MOT parking.

There is a very extensive range of valuable equipment included in the sale as follows:

• 3 MOT bays with 2 rolling roads
• 5 ramps
• Tyre changer and balancer
• MiG welder
• 2 x compressors
• General tools and diagnostic equipment including gas machines etc
• Mercedes Van
• Renault courtesy car
• Range of office furniture to included office desks and chairs
• CCTV
• Full security alarm

The main buildings are all accessed via full height roller shutter doors. We also have a good-sized yard with ample parking. The site must be inspected to see the potential and great location on offer.

Tenure
We are advised that the business is being sold as a Leasehold opportunity on a 5-year lease, which has 2 years remaining.

The rent payable is £15,000 per annum.

Hours
Monday - Friday 7.30 am to 5.30 pm

Saturday 8.00 am to 1.00 pm

Sunday Closed

Staff
The business is currently run by the owner and 4 other full-time members of staff.

Financial Profile
The accounting information shows a turnover of £295,982 for the year to 31st July 2017 with a gross profit of £216,633 and a very healthy net profit of £42,003.

According to the VOA website the current rateable value is £15,350 with rates payable of £1707.42 per annum.

Tenure: Leasehold

Listed by: Hilton Smythe

Find out more about this business opportunity.

 
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B04487
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