Hilton Smythe welcomes to the market Graham Skinner Motor Services. The business was originally established by our clients in 1979. The owners are now looking to sell the business due to the desire to take a well-deserved retirement. This is a great well-presented garage that comes with an enviable reputation.
The business is currently generating an advised turnover of around £146,000 with a gross profit of around 47% as per 2016 accounts. This is a great turnover that is generated from a range of services. The garage offers a professional friendly service offering general mechanics and electrical repairs on most vehicles. The garage also works on light commercial vehicles, minibuses and also motorhomes. This is a great plus as this business stands out from its competitors.
The business operates 5 days a week and is currently closed weekends. The new owner could look to open on a weekend to maximise the amount of trade taken each week. Weekends are a busy time for garages as people work throughout the week.
This garage is well-established in this location and has built up a loyal customer base. We are advised this is the closest garage to the town centre and is just 300 yards from the train station. Next door to the business is a body shop and a motor factor business which compliments the garage well. This garage is fully certified with up to date diagnostics.
This is a fantastic opportunity for a purchaser looking for their first business. Hilton Smythe highly advise early viewing in order to take in the full potential.
TENUREWe are advised the business is being sold as a leasehold opportunity.
Original lease length: 3 years
New lease available.
Rent: £545 per month
HOURSThe business is opening hours-
Monday - Friday: 8am - 5:30pm
STAFFThe business is run and managed by our clients with the help of 1 full time member of staff.
FINANCIAL PROFILEThe business generates a turnover in the region of £146,000.
Gross profit 47% as per 2016 accounts.
Graham Skinner Motor Services is located in Melton Mowbray, Leicestershire.
The business is situated close to the town centre of Melton Mowbray. The garage is in a private compound within a residential area that has private parking. The compound is secured with fencing around. There is a large public car park close by for further parking. Although this is a residential location there are several other businesses in the area which attracts a heavy amount of trade.
The garage is close to the main high street which connects to the A606 and the A607. These are arterial roads that run in opposite directions from Melton Mowbray. As well as great road connections the area also has great public transport. There are several bus stops dotted around within walking distance. The closest train station is also just a 5 minute walk away.
The business is situated with a large industrial unit. There is a full height roller shutter and a separate steel door for the office and reception access. This is a fully equipped garage that is very clean and looks presentable.
The office space is well-laid out, there is a desk and windows all around with a view of the workshop. The main workshop is open plan with a high ceiling. To the rear of the workshop is a kitchen area and a toilet.
Equipment included in the sale is as follows-
4 post ramp
2 post ramp
Air conditioning equipment
Diagnostics (including brand new Autocom)
There is a sign on the main road and on the building. This is private secure compound that has shared parking. There is approximately 11 parking spaces allocated to this garage. There is other parking available in the area if required.