Garages for sale in Essex

View the "Service, MOT & Tyre Centre with separate Alloy Wheel refurbishment centre" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

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John Peacock (Feb 2017)
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Leasehold Price: £800,000 Annual Turnover: £980,000 Annual Gross Profit: £380,000
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Business Description
This successful business set up over 9 years ago provides a comprehensive workshop service for motor vehicles/cars and light commerical vehicles within the busy Essex region it is located within. The business has built up a sterling reputation in the area during this time and provides, full repair, servicing, maintenance, tyre-fitting, Alloy wheel repair & refurbishment and MOT testing services to the local community and beyond. The wheel company has vast account work from the numerous local main dealers.

This profitable business has established itself as a market leader in the region with an enviable reputation for quality and service. Because of this the business enjoys very high levels of referrals and repeat business from a loyal following of customers. So much so that the business can boast a client base of over 8000 customers, many of whom span generations. The majority of clients are domestic customers but the business does have a few commercial clients also.

The garage is fully equipped for purpose and plant includes:

• Dedicated ATL Class 4 MOT bay
• Fully equipped tyre fitting bay
• 6 Ramps (including a 2 post ramp for heavy commercial vehicles)
• Full diagnostic equipment
• Range of specialist tools

The vendors have an excellent team of staff including a Senior Technician and 4 technicians who run the business on a day to day basis. Staff are fully conversant with the latest workshop techniques and engine management systems and the business is compliant with all necessary health and safety regulations and codes of practice.
Trading Hours:
Mon – Fri 8.45am - 6:00pm
Sat 8.45am – 2:00pm

Number of Employees: 05

Tenure: Leasehold

Competition:
The business has never felt the need to advertise bearing testimony to the fact that it enjoys exceptionally high levels of repeat business from a large and loyal customer base. There is however three comprehensive and attractive websites

Support & Training:
The current owners would be happy to provide full training and support at handover. This should be a relatively simple process as the vendors have put in place a General Manager who runs the business on a day to day basis.

Location Details:
Premises are a real strength of this business. Ideally located on a busy main road and adjacent to a busy industrial estate that is close to the M11 Motorway, the A406 North Circular and a busy thoroughfare in its own right the business is very well known and accessible. The site is circa 5,000 sq. ft. of workshop and a large front parking area for numerous vehicles. The garage comprises a large single storey workshop with offices, reception, waiting rooms, toilets, kitchen and warehousing/storage.

Leasehold Term:
The Garage Premises are leasehold. Current rent is circa £58,000 p.a. Rates are circa £22,000 p.a. A new 10 year lease was signed in April 2018. It is understood the new lease will be signed over to new owners subject to normal checks and references. The Wheel Centre is leasehold and a new 6 year rolling lease will be signed in November 2018. The current rent is £25,000 p.a & Rates are £9,000 p.a.

Listed by: Turner Butler

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AL248
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