For Sale
Well Established And Busy Vehicle Repair Business
Yeovil, Somerset
- Asking Price: £299,999 +SAV
-
Turnover:
The business generates a turnover in the region of £200,000 per annum, with a gross profit of approximately 50%, as per the 2015 accounts.
- Tenure: Freehold/Leasehold
CoGoGo is delighted to welcome to the market this well-established and busy vehicle repair business, which is ideally located within the town of Yeovil, Somerset.
The business was established by our client in 1992 and is only now being offered to the market due to our client’s desire to re-locate. The business currently operates 5½ days per week and generates a turnover in the region of £200,000 per annum, with a gross profit of approximately 50%, as per the 2015 accounts.
Our client offers a variety of vehicle repairs and services, including batteries, brakes and clutches, air conditioning and re-gas, engine tuning and conversion, exhaust systems and cambelts, suspension and steering, fuel injection and oil changes, servicing and arranging MOTs.
The property is made up of two interconnected units, one of which is freehold, the other is a leasehold unit. The properties combined offer 287 sq. metres of floor space, are very well-maintained and fitted out to suit the trade.
The business has built up an excellent reputation within the area for the high quality of the service offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations.
We feel there is scope to increase the turnover by extending the opening hours. A new owner could embark on a modest marketing campaign to highlight the excellent services offered. We also feel there is scope to offer fleet work to local taxi companies and businesses.
This is an excellent opportunity for a new owner to acquire a thriving business in a prime trading location, therefore, early discussions with CoGoGo must come highly recommended to avoid disappointment.
The business is owner run and managed with 2 x part time staff members.
The business is open:
Monday – Friday: 8.30am – 5.30pm
Saturday: 8.30am – 12.30pm
Sunday: Closed
SW Autotech occupies two substantial premises, ideally located within the bustling town of Yeovil, Somerset. The business is set on a very busy industrial estate and is surrounded by a wealth of complementary businesses, therefore, benefiting from a good volume of trade. The business further benefits from good car parking facilities to the front and side of the premises.
Yeovil is a town in south Somerset. According to the 2011 census, the town had a residential population of 45,000. It is the largest town in south Somerset and a rapidly growing, vibrant place in which to live and work. The town boasts a wealth of independent and chain stores, as well as restaurants.
The area of the business is well-served by the public transport system, with several bus stops within easy walking distance of the property. Yeovil Pen Mill railway station is approximately one mile away. The area is also well served by the A-roads, with both the A37 and A30 being within easy driving distance, which link to the national A-road and motorway networks. Weymouth is approximately 30 miles away and Taunton is 29 miles away.
Substantial interconnected units in a prime location, briefly comprising:
Office with:
Customer waiting area.
Service counter.
PC booking in area.
Unit 6 offers a large vehicle service/repair bay with a four-post ramp and mezzanine area used for storage.
Unit 5 offers a large vehicle service/repair bay with a four-post ramp.
The units are interconnected by a new doorway.
External:
Large corner plot with parking for approximately 18 vehicles.
A full list of equipment is to be supplied.
Tenure
Unit 6:
We are advised Freehold.
Unit 5:
We are advised Leasehold:
Original lease length: 3 years
Remaining lease length: 1 year
Rent: £7,200 per annum
This is a rolling 3-year lease.
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Borrowing £7,500 over 4 years with a representative APR of 27.4%, an annual interest rate of 27.4% (Fixed) and a deposit of £0.00, the amount payable would be £246.43 per month, with a total cost of credit of £4,328.83 and a total amount payable of £11,828.83
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