Hilton Smythe is delighted to welcome to the market this well-established and busy motor repair business, which is ideally located on the outskirts of Newmarket in Suffolk.
The business was established by our client in 1984 and is only now being offered to the market, due to our clients' desire for semi-retirement. The business currently operates 5½ days per week and generates a turnover in the region of £465,200 per annum, with a gross profit of approximately 43%.
Our clients offer a wide variety of motor servicing and MoT preparations on all makes and models of vehicles, from a simple oil change to a complete engine or gearbox rebuild. The business receives daily deliveries of parts and consumables, as well as providing a courtesy car, should it be required and a valeting service. Our clients also offer the sale of used vehicles and can source new cars from all manufacturers.
The business has invested heavily over the years to have a Dealer-Level suite of diagnostic systems, which enable the same level of electronic fault diagnosis, which is available from the main dealers. These systems are constantly updated.
The business has built up an excellent client base and reputation, 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 marketing campaign to promote the business and services offered. Spa Motor Co. already has an informative website in place to advertise the business at www.spamotorco.co.uk, although the use of social media, such as Facebook and Twitter are excellent advertising tools and could be utilised.
This is an excellent opportunity for a new owner to acquire a very busy and popular vehicle repair business, or it would make an excellent bolt-on opportunity for an existing business wishing to expand, therefore, early discussions with Hilton Smythe must come highly recommended to avoid disappointment.
TENUREWe are advised Leasehold:
Original length: 25 years
Remaining length: Currently a rolling contract, a new lease is available.
Rent: £14,880 per annum
HOURSThe business is open:
Monday - Friday: 8.30am - 5.30pm
Saturday: 8.30am - 12.30pm
STAFFThe business is owner run and managed with 3 x full time mechanics and 1 x part time secretary.
FINANCIAL PROFILEThe business generates a turnover in the region of £465,200 per annum, with a gross profit of approximately 43%.
Spa Motor Co. occupies substantial premises, ideally located within the busy market town of Newmarket in Suffolk. The business is situated on a busy trading estate and is surrounded by complimentary businesses, therefore benefiting from a good volume of footfall and passing trade. There are densely populated residential areas close to the property, from which the business derives much trade. The business further benefits from excellent car parking facilities to the front of the premises.
Newmarket is a thriving market town in Suffolk, approximately 65 miles north of London and is generally considered the birthplace and global centre of thoroughbred horse racing. Due to its proximity to London, the town is a very desirable place in which to live and work. The town boasts impressive features like the grand Clock Tower, the King Edward VII Memorial Gardens and Cleveland House.
The area of the business is served by the public transport system, with bus stops being very close to the premises. Newmarket railway station is just over 2½ miles away. The area is also well served by the road connections, with the A14 (Newmarket Bypass) being within easy driving distance, which links to the national A-road and motorway networks. Cambridge is approximately 15 miles away and Bury St. Edmunds is 16½ miles away.
Substantial lock-up premises in an ideal trading location, briefly comprising:
Single door access from forecourt.
2 x desks.
PC with printer.
Roller shutter door access.
1 x four post ramp.
1 x two post ramp.
Roller shutter door.
2 x two post ramps.
WC and Washroom:
Accessed from both reception and workshop 2.
Car parking facilities.
A full list of equipment to be supplied.