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Friday 18th of Aug 2017 - My Account - Register - Brokers - Bookmark RightBiz
Leasehold:
£175,000

Specialst Bmw Garage Established Over 24 Years Premium Advert

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Reference13971 H / RightBiz
Status
FOR SALE
Advert ID198230
LocationGloucester, Gloucestershire
SectorGarage Businesses
Leasehold Price£175,000
Annual Turnover£443,748
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BUSINESS
Hilton Smythe welcomes to the market this very well-established repair, MOT and tyre specialist covering everything associated with motor vehicles, the only exception being bodywork and spraying.

The business itself has been run by the current owner for the last 24 years and is very well known in the area. The owner is now looking towards a well-earned retirement.

They have an exceptional loyal customer base, having been in the same place for 24 years and are in the very enviable position of not having to advertise for business. However, if someone wanted to grow the business even further, this is an area which could be explored.

They specialise in BMW vehicles; however, they also deal with other manufacturers on a regular basis and also have the added benefit of a standalone tyre fitting bay. The company also owns its own recovery vehicle, allowing them to pick up vehicles from client’s homes and tow vehicles to their workshops.


LOCATION
Gloucester BMW Specialists is situated in Gloucester on a busy trading estate, offering very good access to all surrounding areas. The city itself is of a good size with a population of around 128,000.

The area is well served by the M5 motorway, which runs to the east of the city. The A38 runs north–south through Gloucester connecting the city with Tewkesbury and Bristol. The A40 runs west to east, connecting Gloucester with Cheltenham to the east (via a dual carriageway section known as The Golden Valley Bypass) and the Forest of Dean and Monmouth to the West. The A46 and A4173 links Gloucester and Stroud, and the A417 links Gloucester with Cirencester in the south east and Ledbury in the north west.

PREMISES
The premises are set within 2 large purpose-built units covering 40 sqm, offering plenty of space for further development and expansion if required.

Overall, there are 2 large workshop areas, the first with 3 ramps used as the main workshop area and the other having a further ramp plus rolling road which is primarily used for MOT’s, together with a tyre fitting bay for change and repair.

There is a separate reception area with customer WC, 2 further WC’s and various good sized first floor storage areas and office. The buildings are accessed by 2 separate roller shutter doors and have parking to the front for several vehicles with good access.

The business is being sold with equipment to include: -
4 x ramps
MOT bay
Compressors
Gas analysers
Diagnostic machines
Tyre fitting bay
2013 mini cooper van
Recovery truck
Certain specialist tools and much more.

The owners own personal tools will not be included in the sale.

The buildings benefit from part warm air central heating and a full ADT alarm system which is owned by the current vendor.

TENURE
We are advised that the business is being sold as a leasehold opportunity, which currently runs until November 2018.

Rent: £9,300 per quarter including VAT.

HOURS
Monday: 8:30 a.m. to 5:30 p.m.
Tuesday: 8:30 a.m. to 5:30 p.m.
Wednesday: 8:30 a.m. to 5:30 p.m.
Thursday: 8:30 a.m. to 5:30 p.m.
Friday: 8:30 a.m. to 5:30 p.m.
Saturday: 8:30 a.m. to 12:00 p.m.
Sunday: closed

STAFF
The business is currently run by the owner and 3 other full time members of staff.

FINANCIAL PROFILE
The accounting information shows a turnover of £443,748 for the year ending 2016 with a gross profit of 52%.

According to the VOA website the current rateable value is £20,500 with rates payable of £9,970 per annum.


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