Hilton Smythe is delighted to introduce to the market this multi-facet business set within a substantial freehold area of land.
The business comprises of two complimentary services and is very well known in the area seeing a high amount of repeat trade and word of mouth recommendations. The car sales aspect concentrates on the sale of used cars of all makes and models, and is family run by the owners' daughter and husband since 1992. The business was originally founded back in 1978 and has seen a constant and steady growth to the highly profitable concern it is today.
According to the 2016 accounts the business generated a yearly turnover in the region of £766,000 with good gross profits.
In addition, is a large garage with car showroom to the front of this. This is currently occupied by a previous work colleague. The car sales rental and profit from the garage section brings in an income of £28,000. We are advised the tenant may wish to continue this arrangement and is open to negotiation. The profit from the workshop business run by a colleague is not disclosed at this time.
There is the potential for creating a MOT testing station.
Furthermore, included in the sale is a superb 3 double bedroom dormer bungalow, currently occupied by our client and a self-contained first floor flat, ideal perhaps for an older family member.
Early viewing of this well respected and long established business is highly recommended, with the business genuinely coming to the market as our clients look towards a well-deserved retirement.
TENUREWe are advised freehold.
HOURSThe business opens:-
Car sales Monday to Friday 9am - 6pm
Saturday 9am - 5pm
Sunday 11am - 4pm
STAFFThis is a family run concern.
FINANCIAL PROFILEAccording to the 2016 accounts the business generated a yearly turnover in the region of £766,000 with good gross profits.
An additional income of £28,000 for the owners.
The business sits within around a three quarter of an acre site in the county of Lancashire.
The business is located on an arterial commuter road. The road is heavily used with high volumes of traffic passing the business daily.
The area is seeing a lot of development with new housing estates being built to accommodate the increasing residential population, with the area being a popular place to live and commute. There are two schools and two churches located close by.
The business is approximately 1.5 miles from the national motorway network.
The whole area of the land and premises is approximately three quarters of an acre in size.
The car sales operates from a substantial timber office at the rear of the sales pitch on the left-hand side of land.
Repair garage with two tone coloured roof. There is also a showroom for cars at the front of this building, which could be potentially utilised as a valeting bay or enlargement to the workshop. There is also a large main office and spare parts area on the first floor of the garage building above part of the car showroom.
The owners' accommodation comprises of a large dormer bungalow set within a beautiful manicured private garden.
The property has uninterrupted views to the rear of the property over the countryside.
The bungalow is double fronted, and has a hallway with a corridor off leading to three large double bedrooms with fitted furniture and wash basins. One bedroom has a shower cubicle fitted with an electric shower. All on the ground floor.
The family bathroom has a toilet, wash basin and an electric shower and shower from the central heating both over the bath.
There is a kitchen, dining room and large lounge.
The kitchen houses a built in cooker, hob, fridge and freezer, and a medium sized dishwasher.
The utility room has hot and cold plumbing for a washing machine.
First Floor Flat
There are stairs to the first floor which again has a door into a large lounge/kitchen and a further double bedroom with fitted furniture.
There is a further single bedroom or study with access to the walk in attic area.
There is a fitted wardrobe with storage under the eaves.
There is a shower room with toilet and wash basin and a power shower from the combi boiler
There is air conditioning both hot and cold.
There are gas and electric meters if required.
There is a built in electric cooker and hob with expelair and a fridge and freezer which is included in the sale.
There is provision for a washing machine.
This could ideally be utilised as a granny flat.
At the front of the bungalow is a tarmac forecourt, which could accommodate eight vehicles easily. There is a substantial brick wall and iron gates with lighting separating the forecourt from the bungalow.
There is also a private owners garage to the left of the bungalow, which could either be used to house a vehicle or for storage.