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Asking Price
£50k
Description
SUPERB SERVICE & REPAIR CAR GARAGE BEDFORD Central town location Turnover £55,000 with consistent high profits Very secure garage unit with low rent Run by the same owner since 1984 Exceptional local reputation with consistent trade Scope for further development Early viewing essential to fully appreciate LEASEHOLD ASKING PRICE £49,995 Plus SAV Ref: 1530 Location The business benefits from having a very secure well suited industrial unit by the town centre of Bedford. The property and location have many advantages by way of good security, large parking, vehicle storage, private entrance and easy access. The location is a very short distance from Bedford town centre which offers excellent shopping facilities and is a good convenience for customers who leave their vehicles. Bedford is a hugely desirable business and residential location due to its beautiful open countryside, good schools, NHS services, fine housing, historic attractions and welcoming community. There are many popular neighbouring towns and villages including Northampton, Cambridge, Stevenage and Luton to name a few. Bedford also benefits from being only 10 miles away from the M1 motorway making visiting and commuting very easy. Business History Meridian Business Sales are pleased to offer for sale this very successful service and repairs car garage which has a proud history dating back to 1984 when our client first established the business. He is only now placing it onto the market due to his poor health and desire for retirement. The business achieves a very respectful annual turnover of £55,000 with a gross profit of 30%. In previous years the business has achieved turnover well in excess of this, however currently our client runs the business at a pace that suits, largely down to his health. The main source of income into the business is derived from offering vehicle servicing and repair work to a wide range of repeat and new customers. The garage has an excellent local reputation and many of the customers have been using our client's services for many years. The business has always offered a good quality service at a very keen price which in turn has supplied a very consistent trade year on year with many new customers arriving from word of mouth recommendations. The property is very well equipped and has good working and storage spaces coupled with sizable off road, secure customer parking. This would be an ideal first garage for someone who is looking to acquire a long standing and very reputable business with lots of scope for growth and development. Early viewing of this very successful business is highly recommended. Financial Profile Turnover £55,000 Gross profit 30% Stock £1,500 Tenure Original lengh 10 years Remaining 3 years Rent £633 per month Leasehold Accommodation Secure industrial unit featuring front gated security, large private vehicle parking/storage, roller shutter unit with open plan works garage and first floor (mezzanine floor) office storage area, briefly comprising: GROUND FLOOR Roller shutter front access to unit Side door access to unit Open plan garage briefly equipped with: 2 x ramps 1 scissor & 1 2 poster Air conditioning machine Brake bleeding machine 4 gas analyser Beam setter Oil drainer Pillar drill Hydraulic press 2 x engine hoists Compressor Diagnostics Gearbox jack Heavy duty charger and many hand tools Rear stair access for first floor FIRST FLOOR Storage area with racking and cabinets Office with desk, chair and paperwork storage EXTERNAL Front secure gate entrance Toilets with wash basin and kitchenette out building Secure private car park (10 cars approx) Price £49,995 plus SAV
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