Garages for sale in Ross-on-Wye

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Adam Warren (Jan 2017)
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Leasehold Price: £35,000 Price Reduced Turnover: £35,000
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Business Description
Business
Hilton Smythe welcomes to the market this very well-established car repair and service centre, which has been established for more than 18 years, on the edge of town offering a large residential and commercial footfall. It would be an ideal start up for the discerning purchaser to put their own stamp on.

The business is currently run, by the owner only, who operates Monday to Friday. If the hours were increased and the business took on staff, there is certainly room for increasing the turnover and expanding the business, together with a website and more advertising. However, at present it is very much a lifestyle business, which suits the owner and gives him the flexibility he desires.

The garage itself has been run by the current owner for 18 years so is well established. He is now looking towards a well-earned retirement.

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

Location
Auto care is situated on the outskirts of Ross-on-wye in a quiet location, on an industrial estate with easy access.

Ross-on-Wye is a beautiful location with scenic countryside and historic buildings; a popular location for walkers, cyclists and hikers. The town is a well-known market town set on the River Wye. This is a small town which had a population of circa 9,574 as of the 2011 census.

It is just minutes away from the A40 an arterial A-road that connects to the M50 motorway network linking up to the M5 for access to all surrounding areas. The town is just 30 minutes away from Hereford, an easy commute using the great road links and generous public transport. There are bus stops a short walk away, these have regular routes into Gloucester, Hereford and Monmouth

Premises
The premises are set within a good-sized unit covering approx. 129 sqm offering:

• Large workshop area accessed via full height sliding door
• Small first floor
• Storage
• Office and
• WC

There is a good range of equipment included as follows:

• 1 x 4 post ramp
• 1 x 2 post ramp
• 1 x single post ramp
• Tyre changer and balancer
• Hydraulic press
• Mig welder (not used for a while so would need to be tested)
• Compressor
• Tuner
• Floor crane
• Engine stand
• Snap on tool boxes and all other tools and equipment needed to run the garage

You also have a fitted security alarm and to the front you have parking and easy access.

A site inspection is highly recommended for this well priced business, to see the potential on offer.

Tenure
We are advised that the business is being sold as a Leasehold opportunity on a rolling lease. The rent payable is £7,200 per annum

Hours
The business opens:

Monday to Friday 8:30 am to 5:30 pm
Saturday Closed
Sunday Closed

Staff
The business is currently run by the owner and one other occasional member of staff.

Financial Profile
The accounts show a turnover of £33,476 for the year ending 31st August 2016 with a gross profit of £19,831. However, it is run, very much a lifestyle business, so this could easily be improved.

According to the VOA website the current rateable value is £7,500 however the business benefits from small business rate relief so has nothing to pay.

Tenure: Leasehold

Listed by: Hilton Smythe

Find out more about this business opportunity.

 
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B04294
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