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£0 £1000000

Long-Established Garage Business

Wells, Somerset

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For Sale

£79,995 +SAV

Ref: 13787 I

Leasehold

Overview

Hilton Smythe welcomes to the market Kestrel Motor Services. For Sale due to the wish for well-earned retirement, this long standing and profitable garage services business has been serving the surrounding communities for decades.

A fully equipped, largely modern, MOT and garage services station offering repairs and maintenance to clutches, exhausts, brakes, tyres, cambelts, air conditioning, plus a full diagnostics service. General servicing and maintenance is available for the majority of manufacturers and models.

Established and owned by our client over many decades the business has grown from strength to strength, by referral and word of mouth with very little marketing or advertising, serving the local and wider communities. As the reputation for good honest quality client service and reliability has flourished, so has the consistent annual accounts and financials. There is a growth area for social media, and a further web presence although the business currently benefits a basic website www.kestrelmotorservices.co.uk

Although a long standing and profitable operation, with a hands-on owner operator, there remains room for scope and growth. Registering as a drop point for breakdown service companies, or employing further staff by increased marketing and advertising would help to grow an already healthy turnover with the business having recently also moved into the arena of IV and VII class MOT’s (class 4 & 7).

Turnover
Kestrel Motor Services generated an advised turnover of £246,633 as of the 2016 accounts, with a gross profit of £162,137. Bottom line net profits are usually in the region of £33,810 per annum before adjustments.

The business is run and managed by our client, with the help of 1 other full time expert mechanic.

The business opening hours:
Monday - Friday: 08:00 to 17:00
Saturday: 08:00 to 12:00
Sunday: Closed


Kestrel Motor Services is located on the outskirts of the city of Wells, within the county of Somerset.

Situated on a busy, prominent and popular business park adjacent many other complimentary independent businesses, operators, and commercial premises. There is plenty of off road parking to front and surrounds, with good signage.

Wells is a small cathedral city in the county of Somerset, and has a population of circa 11,000 people benefiting largely affluence and wealth. On the southern edge of the Mendip Hills, there are excellent public transport networks to the surrounding major towns and cities, with the M5 and M4 motorway networks also nearby. Wells Cathedral, The Mendips, and Wookey Hole Caves make up some of the local attractions.

Two adjacent and fully connected roller shuttered commercial units approaching circa 100 sqm, benefitting two main workshop rooms, one being a dedicated MOT station.

Main reception area, well equipped bays with plenty of fixtures, fittings, kit and ramps.

Office and ancillary areas in both units.

Outside rear yard space, with storage container and further ancillary areas. Plenty of concreted areas to the outside front, and approach, with ample off-road parking.

Equipment list, either last or under each floor.
Benefitting the following equipment, although not exhaustively.


  • 3 Ramps
  • Tyre Fitting Machinery
  • Diagnostics Equipment
  • Roller Units with Plentiful Tooling & Kit
  • Compressor Unit
  • Outside Storage Container
  • MOT Equipment including PC/Computer Systems

Tenure
We are advised the business is being sold as a Leasehold business opportunity.
There are two adjacent units each with a different landlord, both the leases are of 5 years duration and have tenant only break clauses. The rent in both cases is subject to Vat.
Unit 1 £1580.00 per quarter payable in advance.
Unit 2 £ 709.27 per month payable in advance.


We are advised that the business is currently subject to a rateable value of £7000 per annum 2016/2017

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