Busy Garage Repair Centre with Enviable Reputation
- Asking Price: £149,995 +SAV
Autocraft & Autoland generated an advised turnover of circa £625,000 as of the 2019 accounts, with a gross profit in the region of £250,000.
The business is being sold with assets with a conservative estimate of £80,000.
In 2020 the two businesses were merged together and the business was affected by COVID. The turnover was in the region of £360,000 and a gross profit in the region of £210,000.
Please quote reference B04410
- Tenure: Leasehold
Please quote reference B04410
Hilton Smythe welcomes to the market Autocraft & Autoland. Autocraft which was established by our client in 1978 with the addition of Autoland in 2000.
Autocraft and Autoland offer full servicing, repairs and MOT’s to all makes and models of cars. Autoland specialises in all Land Rover models and have an extensive service parts store.
They offer all the services a main dealer has to offer, and their skilled technicians have been trained to know Land Rovers and other makes inside out. They have diagnostics for VAG, Mercedes, BMW and many more as well as carrying out MOT’s for class 4 and class 7 vehicles at an average of 9-10 per day.
Being specialists in their field there are many repeat customers who come from far and wide.
There is a website www.4x4service.co.uk, which is for Autoland only, but there is not a website for Autocraft and the company has built its reputation on word of mouth advertising.
Therefore, there is plenty of scope to develop the business further by increasing the advertising and creating a website for Autocraft. Currently the business carries out class 4 and class 7 MOT's but there is scope to add other classes of MOT for further income.
Hilton Smythe highly advise early viewing to avoid disappointment.
The business is run and managed by our client, with the help of 7 full time members of staff, 2 of which are MOT assessors.
Our clients; of which there are 3 of them, 1 being office manager, 1 runs Autoland and the other runs Autocraft; have informed us they would be willing to stay on either full time if required.
The business opening hours:
Monday - Friday: 8.30am – 5.30pm
Saturday - Sunday: Closed
The hours could be extended into the weekend to have the opportunity of creating a higher turnover.
We have been informed that there are no restrictions on opening times within the lease.
Autocraft & Autoland is located in Houghton Regis, Bedfordshire. Houghton Regis is a town just outside of Dunstable and Luton.
Autocraft is located on a populated industrial estate close to the town centre and has ample parking for all its customers and employees.
Outside is a large bayed car park to one side of the building and there is further parking directly to the front of the building.
There is a pedestrian access from the main side car park and a full height roller door for vehicle access to the front to the main work shop area.
The main workshop area has 7 ramps, being a mix of 3 – 4 tonne and 2 – 4 post, there is also a MOT ramp and lane with rolling road which is currently set up for class 4 and class 7 MOT’s.
There is numerous diagnostic equipment including VAG, Mercedes, Land Rover and BMW. Specialist timing tools, air conditioning machine, tyre machines, compressor, lifts and jacks, gas analyser, in fact all equipment that is needed to run a garage such as this.
Off the main workshop is the Land Rover parts centre with service counter and stores area.
There is a door to a lobby that leads to the ground floor toilets and a further door off this area leads to the stairs to the first-floor main office area with all desks and computer systems to be included in the sale.
There is a reception area here with soft seating and TV and further toilet facilities are located on the first floor.
The premises are heated by radiators
We are advised the business is being sold as a leasehold business opportunity. A 10-year lease has recently been agreed in October 2021, the rent is £64,000 per annum.
Rates are currently payable at £18,000 per annum