Well established Independent Specialist Garage for sale
- Asking Price: £995,000 +SAV
We are advised as per the 2020 accounts, the business generated a turnover in the region of £1,200,000. We are advised as per the 2021 accounts, the business has seen an increase in turnover to £1,300,000. Full financials can be made available upon further request.
Please quote reference B06413
- Tenure: Leasehold
Please quote reference B06413
Hilton Smythe are delighted to welcome to the market an immaculately presented, well-established and very popular independent specialist garage business in Kent.
The business has been under the careful and meticulous ownership of our clients for many years and is only now being offered to the market due to our clients’ desire to retire from the industry.
The business offers an independent service, offering a variety of services including servicing, MOT’s, repairs, diagnostics, warranty work, air conditioning repairs and Regas service along with electrical repairs. The business benefits from having highly experienced and skilled auto technicians from main dealer backgrounds, to ensure all work is carried out to the exceptional standards required.
The sale of the business includes -
- Furniture including tables, chairs, desks, and sofas.
- Office equipment including pc’s, screens, filing cabinets, covid screens.
- Workshop equipment including workbenches and ramps.
- All workshop tooling (exhaustive list to follow)
- 3 Courtesy cars
The current owners of the business have indicated that they are happy to provide an extended handover period to any potential purchaser of the business.
We feel there is scope to increase the turnover by extending the opening hours, with a new owner embarking on a modest marketing campaign to highlight the business and the services offered, or perhaps branch out into the car sales (due to property layout) along with the introduction of a breakdown recovery service to help increase the already impressive turnover.
Very rarely do such well established businesses with consistently good figures come to the open market, therefore early enquiries and viewings are highly recommended to fully appreciate the business on offer.
We are advised that the business has 11 full-time members of staff.
The business trades 5 days a week.
The business occupies a prominent trading position, where customers can easily access a range of amenities and retail facilities.
The business is located within a purpose-built garage facility that has undergone a programme of refurbishment over the years and comprises, Ground Floor, front office with reception and comfortable customer waiting area, with further office accommodation, rear office area, washroom facilities including separate ladies and gentlemen’s W/C’s, two adjoining equipment stores, with a third come office area, spacious open plan main workshop area with 7 ramps and various work stations, the premises also benefits from extra storage, externally the business benefits from having onsite parking facilities for up to 25 vehicles.
We are advised that the business is being sold on a Leasehold basis, with the lease terms to be negotiated.