Sold
Well-Known MOT Garage
Andover, Hampshire
- Asking Price: £324,950 +SAV
-
Turnover:
The business generated a turnover in the region of £363,844 as of the 2019 accounts.
Gross profit £239,829
- Tenure: Leasehold
CoGoGo welcomes to the market Hurstbourne Garage. The business was originally established by our clients in 2006. The garage is now being offered to the market, due to our clients desire to take a well-deserved retirement.
The business runs as a vehicle repair garage offering a range of services. The garage offer classes 1, 2, 4, 5 and 7 up to 3.5t light commercial MOT’s. Much trade is from garages that don’t have MOT bays themselves. The garage also offers repairs for motorcycles, this includes quads and scooters. Over the years our clients have built up the business to an exceptional standard. Our clients have deals with local vehicle dealerships, this allows for a generous amount of repeat loyal trade.
Our clients also have an informal deal with the council for the repair of all their vans. The purchaser should look to focus on gaining contracts with local companies to boost the repeat trade.
The business generated a turnover in the region of £280,000 as of the 2016 accounts, with a gross profit of 66%. This is an excellent turnover with scope to be increased. The business hardly advertises and thrives from word of mouth recommendations. Advertising through Yell.com would be a great way of gaining further custom. Social media sites such as Facebook and Twitter are great cost effective ways of marketing. The business does have a website. (www.hurstbournegarage.co.uk) An online booking system could further benefit the site and would allow for convenience to both customers and staff.
There are two members of staff which are currently trained to conduct MOT’s. Training more staff in these services would allow for an increase in MOT’s each week.
This is a fantastic opportunity that is not to be missed. CoGoGo highly advise early viewing to take in the full potential of the trade.
The business is run and managed by our clients, with the help of five members of staff.
The business opening hours: -
Monday - Friday: 8am – 5:30pm
Saturday: 8am – 12pm
Sunday: Closed
Hurstbourne Garage is located in Andover, Hampshire.
This is a busy industrial area with a variety of businesses. Close by there are several complimentary retail outlets, this includes a body shop, trade centre, rental cars, electrical services and much more. This is a great location that benefits from heavy footfall and passing trade. The area also boasts ample parking.
The industrial estate is just minutes away from the A303 an arterial road that connects to the M3 motorway and runs across to Exeter. Andover has its own train station, again this is just a short drive away. The area also has several bus stops close by.
Hurstbourne Garage boasts a large industrial retail unit. There is an entrance door at the front of the property. This is used by customers and leads to the reception. At the back of the property is a roller shutter door with entrance into the workshop.
The workshop is a large open plan space that comes fully equipped.
Equipment included in the sale includes: -
Full MOT bay £50,000 allowing classes - 1/2/4/5/7
3x heavy duty 2 post ramps
Diagnostics kit
Wheel balancer
Compressor
Welding equipment
Pillar drill
Hand tools
The reception area at the front of the property is well-presented and looks welcoming. There is a service counter and sofas for awaiting customers. To the side of the reception is an office space and ladies and gent’s toilets. There is access to the workshop from the main reception area. Stairs lead up to a staff kitchen and another office space with storage.
Tenure
We are advised the business is being sold as a Leasehold opportunity.
Original lease length: 125 years
Remaining lease length: 121 years as of 2016.
Rent: £2,600 per annum
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