Highly Reputable Garage With Mot Centre Premium Advert

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Status
FOR SALE
Advert ID
200697
Reference
14064 G / RightBiz

Details

LOCATION
B & M Autos is located in Surfleet, just outside of Spalding within Lincolnshire.

The garage is located next to a café, which is open 7 days a week and opposite St. Laurence Church bringing good footfall to the area.

There is parking for numerous vehicles on the garage forecourt and there is a bus stop directly outside the garage.

BUSINESS
Hilton Smythe welcomes to the market B & M Autos, which was established by the current owner in 2000, who is looking to go into a well earned retirement.

The garage specialises in vehicle sales, servicing, repairs and MOT’s of any vehicle make and model. With a good repeat client base and a high level of word of mouth recommendations to new custom.
MOT’s are currently carried out off site, however, there is a licence for MOT’s on site, offering huge poten-tial to boost turnover.

As the owner is looking to move into retirement, there has not been investment in a website or social media pages, a serious consideration for the purchaser to promote the assets of the business to new custom.
Hilton Smythe highly advise early viewing to avoid disappointment.

PREMISES & EQUIPMENT
Outside to the front of the premises is a large courtyard for car sales, this courtyard leads to the side via double gates to a further yard for storage or car sales, this yard leads to the side doors to the rear service area.

The garage is entered from the front by a door to the reception and double concertina doors to the front service area. This service area has the licence for MOT’s and a two post ramp, there is access from here to the reception and to the rear service area.

The rear service area has a further two post ramp and gives access to a large storage area and toilets.

The reception has the office off and leads to the staff room/tea room.

TENURE
We are advised the business is being sold as a leasehold business opportunity.

The lease is currently on a rolling lease arrangement, and the landlord will be looking to grant a new lease to the new owner of the business.

The current owner has paid £7,000 per annum rent for the last 17 years, however, we are advised the rent will increase, currently we do not have a full indication as to how much this will increase by and is to be negotiated with the Landlord.

HOURS
The business opening hours:
Monday-Friday:8.30am-6.00pm
Saturday:8.00am-12.00pm.

STAFF
The business is run and managed by our client, with the help of a part time member of staff, this is due to the owner looking to retire.

FINANCIAL PROFILE
B & M Autos generated an advised turnover of circa £89,167 as of the 2016 accounts, with a gross profit of 35%.
Listing Details
Leasehold Price: £140,000
Tenure: Leasehold
Sector: Garage Businesses, Mot Businesses, Motor Businesses
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