FREEHOLD OPTION AVAILABLE ALONGSIDE THE PURCHASE OF THE BUSINESS.
Hilton Smythe is delighted to welcome to the market this well established and popular Mot and vehicle repair garage, which is ideally located within Tamworth, Staffordshire.
The business was originally established by our clients in 1994 and moved to the present premises in 2007. Only now is the business being offered to the market, due to our clients' other interests. The business currently operates 5½ days per week and generates a turnover in the region of £200,000 per annum, with a gross profit of approximately 52%, as per the 2016 accounts.
Our clients' offer a variety of vehicle services, such as MoTs, brakes, timing belts, clutches, steering problems, suspension, diagnostics and electrical faults, to name a few. The property boasts 331 sq. metres of floor space and is extremely well fitted out to suit the trade with 4 x three tonne lifts and 1 x four tonne lift, plus an array of diagnostic equipment and tools.
The business has built up an excellent reputation within the area and further afield, for the high quality of the services offered, 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, perhaps by offering Sunday trading. A new owner could also embark on a modest marketing campaign to promote the business and services offered. The garage would further benefit from the launch of a website to promote the business and by utilising social media websites, such as Facebook and Twitter, which are excellent and free ways to advertise the vehicle repairs offered.
This is an excellent opportunity for a new owner to take this already thriving business to the next level; therefore, early discussions with Hilton Smythe must come highly recommended to avoid disappointment.
TENUREWe are advised Leasehold:
New lease to be negotiated.
HOURSThe business is open:
Monday: 8.00am - 6.00pm
Tuesday: 8.00am - 6.00pm
Wednesday: 8.00am - 6.00pm
Thursday: 8.00am - 6.00pm
Friday: 8.00am - 6.00pm
Saturday: 8.00am - 1.00pm
STAFFThe business is owner run and managed with 2 x full time staff members.
FINANCIAL PROFILEThe business generates a turnover in the region of £200,000 per annum, with a gross profit of approximately 52%, as per the 2016 accounts.
H & H Carserv occupies substantial lock-up premises, which is ideally located within the town of Tamworth in Staffordshire. The business is surrounded by a mix of commercial and residential properties, therefore benefiting from a very high volume of footfall and passing trade. The MoT and car repair business also benefits from excellent car parking facilities to the front and side of the property.
Tamworth is a large market town in Staffordshire. According to the 2011 census, the town had a residential population of 76,900, making it the second largest settlement in Staffordshire, after Stoke-on-Trent. Tamworth is a unique town, offering visitors the opportunity to discover its rich past, as well as its many attractions. The town is the home of the historic Tamworth Castle and Moat House, and was once the capital of the Anglo-Saxon Kingdom of Mercia.
The area of the business is well served by the public transport system, with several bus stops within easy walking distance of the property. Tamworth railway station is less than one mile away. The area is also served by excellent road networks, with the A51 and A5 being within easy driving distance, which link to the national A-road and motorway networks. Sutton Coldfield is approximately 8 miles away and Birmingham is 20 miles away.
Substantial ground floor premises in an ideal trading location, briefly comprising:
Customer waiting area.
Service area with:
MoT bay (Ministry approved, class 4).
4 x three tonne lifts.
1 x 4 tonne lift.
Tyre and wheel balancer.
Snap-on diagnostic machine.
15 tonne hydraulic press.
Air conditioning fully automated machine.
3 x fixed vices.
3 x benches.
Dunlop tracking gauge.
Mezzanine above office with stock/tyre storage.
Good signage to front and side of property.
Excellent parking facilities.