Garage With Rental Income & Development Potential Premium Advert

Stoke on Trent, Staffordshire
Freehold Price:
£725,000
Find more details, or book a viewing:
Status
FOR SALE
Advert ID
200551
Reference
14061 D / RightBiz

Details

BUSINESS
Family run business founded by our clients father in Longton in 1945 and moved to the current premises in 1978. The business was then established as Auto Box in 1982 and is now North Staffordshire’s largest transmission specialists and is proud to cater for the majority of North Staffordshire’s main vehicle dealerships as well as JCB and the Royal Air Force.

The business specialises in;
Automatic transmission servicing, repairs and reconditioning
Electronic fault diagnosis and repairs
DSG dual clutch fitting specialist
Torque converters and transmission parts
Manual gearbox repairs and reconditioned units

In addition, the business offers;
MOT testing class 4
Brakes, pads discs, shoes, cylinders etc.
Steering, racks, links, track rod ends etc.
Suspension, shock absorbers, springs, ball joints etc
Clutches, cover, plate and bearing replacement
Electronics, fault code reading for most makes and systems
General servicing on all makes and models.

The business has a good website and good visibility on the internet and enjoys good reviews and many existing customers. The business is reluctantly being sold due to our clients wish to enjoy a well-earned retirement.

Scope to improve
⦁Advertising and marketing campaign
⦁Extend the opening hours
⦁Maximise the use of social media
⦁Consider having a car wash (plenty of room)
⦁Employ additional mechanics and offer fast fit facility


LOCATION
Stoke-on-Trent is a city and unitary authority area in Staffordshire.

Stoke-on-Trent is situated about half-way between Manchester and Birmingham and adjoins the town and borough of Newcastle-under-Lyme. Stoke-on-Trent is linked to the nearby M6 motorway.

Stoke-on-Trent railway station is a mainline station on the Stafford-Manchester Line. Local public transport is provided almost exclusively by bus. There are central bus stations in Hanley and Longton.

The business is ideally situated in a prominent main road position alongside other complimentary businesses’ and has free parking both onsite and on street and is well signed with distinctive and eye-catching livery. The business occupies a generous plot and offers re-development possibilities.

PREMISES
The business occupies a generous plot which offers redevelopment potential (subject to the normal planning permissions) and comprises;

Main garage block:
With a generous sized workshop and a former showroom with glass doors to front.

Separate toilet block and attached office.

Further generous office

Separate store with perimeter shelving and high ceilings.

Workshop: -
With twin roller doors to side, high ceilings and fluorescent lighting.
2 Four poster ramps.
MOT bay.

Detached Garage: -
With up and over door, offering useful storage.

Detached building housing two workshops.
Workshop 1: -
With electric roller door to front, roller door to side.
Bradbury 2 poster ramp.

Workshop 2: -
With sliding security door and electric roller door.
2 poster ramps.

Attached two storey brick built building.

Ground Floor
Roller door to front and a very generously proportioned store/workshop.

First floor
Large open plan office come showroom with windows to all sides, office, bathroom and storeroom.

There is generous parking/open space to all sides of the premises along with a generous forecourt which is currently rented to a car sales business.

TENURE
We are advised Freehold

Business rates are currently approximately £7,200 per annum.

HOURS
Monday to Friday: 9am - 5.30pm

STAFF
The business is run and managed by the two owners.

FINANCIAL PROFILE
For the last financial year, the business enjoyed a turnover of approximately £148,000.

£20,000 approximately coming from rental income.

EXTRA NOTES
⦁A well-established business with an enviable reputation and many existing customers.
⦁Substantial premises offering redevelopment potential.
⦁Current owners happy to offer a handover to ensure the continued success of the business.
⦁Fantastic main road trading position.
⦁Potential to increase turnover significantly, current owners have been running at a pace to suit.
⦁Little or no competition locally.
⦁Immediate rental income of approximately £20,000 per annum and potential to increase.
⦁Includes website and great visibility on the internet.

Listing Details
Freehold Price: £725,000
Tenure: Freehold
Sector: Development Sites, Empty And Vacant Premises, Garage Businesses
Financials
Annual Turnover: £147,616
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