Sold
Extremely well established Garage Repairs business for sale
Hertford, Hertfordshire
- Asking Price: £25,000 +SAV
-
Turnover:
We are advised as per the 2021 accounts, the business generated a turnover in the region of £146,000, with an adjusted net profit in the region of £59,000. Full financials can be made upon further request.
Please quote reference B06584
- Tenure: Leasehold
Please quote reference B06584
Hilton Smythe is pleased to have been given the opportunity to manage the sale of Star Autos, which is a very profitable, well established, car repairs business.
The business was originally established by our client over 25 years ago, only now does the business come to market due to our client looking to move overseas.
Star Autos offers a service of all mechanical repairs including car collection and delivery. All the work carried out by the 2 business owners, who pride themselves with their quality of work, leading to many repeat customers and word of mouth recommendations.
The business hasn’t advertised for trade for over 20 years. The healthy revenue stream comes purely from regular customers and word of mouth recommendations. There is huge scope to increase turnover with the undertaking of advertising, marketing campaigns, social media, and creating a company website.
The sale of the business includes -
- All the relevant equipment to suit the trade
- 2 x 2 post ramps
- Diagnostics machine
- Compressor
- Trolley jacks
- Client base of previous customers
Our clients are offering a hand over period to ensure the continued success of the business.
This is a highly desirable business with an excellent business model in place and would be a very attractive proposition for either an individual or partnership looking for their first business in this sector which is already established, or for an experienced operator looking for an additional business with an attractive income stream, huge scope for expansion and high profit margin.
Very rarely do businesses of this calibre come to the open market therefore, early viewing must come highly recommended to avoid disappointment.
We are advised that the business is run and managed by our 2 clients on a full-time basis.
The business hours are -
Monday – 09:00 – 17:00
Tuesday – 09:00 – 17:00
Wednesday – 09:00 – 17:00
Thursday – 09:00 – 17:00
Friday – 09:00 – 17:00
Saturday - Closed
Sunday - Closed
The business is located just on the outskirt of Stevenage, and is in close proximity to Hertford. The busness is based is the county of Hertfordshire and has many well populated villages in the immediate surrounding area, providing an abundance of custom.
The business is easily accessible by the A10 or A1(M), with Watton at Stone train station approximately one mile away. Stevenage and Hertford train stations are also close.
The business occupies a rented unit, located on a working farm. The 135m2 premises allow ample space for the work to be carried out.
There is ample car parking with an additional space at the rear (the rear space is not included within the lease). Our clients have an excellent relationship with their landlord and advise that as long as the premises and car parking area are kept clean and tidy, the landlord is happy for them to use the space during the day.
The office is located within a large Ketter shed within the unit.
The building is fully alarmed.
Tenure
We are advised that the business is being sold on a Leasehold basis, with a new lease to be offered. The rent is £682 per month.
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