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Tuesday 26th of Sep 2017 - My Account - Register - Brokers - Bookmark RightBiz
Leasehold:
£175,000

Profitable Garage Across Three Units Premium Advert

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Further Details
Reference14098 G / RightBiz
Status
FOR SALE
Advert ID200704
LocationRushden, Northamptonshire
SectorGarage Businesses, Mot Businesses
Leasehold Price£175,000
Annual Turnover£393,325
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LOCATION
Situated in the centre of Rushden town centre the site is easily accessible along the one-way system in the town with plenty of free parking surrounding the site as well as customers being able to park to the front of the secure units.

Rushden is in the heart of Northamptonshire and is easily accessible by all the main road network links. The surrounding area attracts a lot of business and the residential developments that are currently under construction locally, will have a very positive effect on local trades within the area.

The area is also undergoing huge developments. A new shopping complex has opened, this will attract heavy footfall. A sustainable urban extension is also being added onto the town. This development will be a mixture of 2,500 residential homes and commercial with extended amenities, such as schools, parks and a cemetery.

BUSINESS
The business has been operated by the current owner for over 20 years and is well established within the local and surrounding communities offering an excellent service with an unrivalled reputation. Our client now looks to sell the garage, due to the desire to take a well-deserved semi-retirement.

The centre provides a wide range of services from general motor repairs and servicing to MOT testing, brake testing as well as providing information and advice on a wide range of tyres which are held in stock and also available by ordering online through their informative website.

The business is in an exclusive post code area that supply TerraClean products, they also have contracts in place with East Northamptonshire Taxi testing that generates additional business.

The business offers the new operator an excellent opportunity to take an established business and put their own spin on things, taking advantage of the expanding customer base that is being generated locally as well as the ever expanding commercial sector within the region.

The business returns a healthy gross profit and adjusted nett profit which would be attractive to an individual looking to invest and branch into the sector, or for an already established outfit looking to expand and perhaps gain a foothold within the region and expand their business further.

PREMISES & EQUIPMENT
Situated within three single bay interlinked units covering over 270m2.

Secure roller shutter doors to each unit as well as a metal front gate completely securing the site.

Offices and trade counter to the first unit, and garage workshop space the other two.

Equipment included in the sale -
All ramps
MOT testing kit
Service keys
Tools
Tyre fitting
Balancing equipment
Nitrogen gas insertion kit
Lazer tyre alignment tools
Measuring devices

The business is being sold with all the necessary equipment for it to continue trading in its current format.

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

The current rent passing at £7,179 per quarter.

A new lease is available to the new operator.

HOURS

The opening hours are currently: -
Monday to Friday: 8.30am to 5.30pm
Saturday: 8.30 to 12pm


STAFF

The business is run and managed by the current vendors with 4 full time staff members.

FINANCIAL PROFILE
We are advised the business is currently generating a turnover in the region of £393,000 with a gross profit of 39%.

The rates are currently £7,179 per quarter.
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