Status: For Sale
Tenure: Leasehold
Leasehold Rent: £10,400 per annum
Turnover: £62,777
Family Run Long Established Garage For SaleFamily Run Long Established Garage For SaleFamily Run Long Established Garage For Sale
£45,000 + SAV

Family Run Long Established Garage For Sale

For Sale
  • Reference: 2971 G
  • Location: West Bromwich, West Midlands
Hilton Smythe is delighted to welcome to the market the Engine and Gearbox Centre. This family run concern has been established for over 30 years. The business has an excellent reputation and benefits from a monopoly trading position with very little competition in the area.

According to accounts year ending March 2015, the business reports a yearly turnover of circa £62,800 per annum. With revenue derived from the repair of engines and gearboxes for cars and light commercial vehicles, general servicing and repairs. Clients include several lucrative account customers and our client advises that they are currently turning away business as the business is being run at a pace to suit our client due to his impending retirement.

The unit is fully equipped to suit the trade and we are advised that our client has plans and permissions in place for a new MOT bay which will greatly boost income. This friendly and professional outfit also offers a collection and delivery service within and around a 10 mile radius and included in the sale is a 55 plate Vauxhall van.

The Engine and Gearbox Centre has an informative website in situ www.engineandgearboxcentre.co.uk. We believe a new owner could further market the business on social media websites and extending opening hours to cover weekend trade could prove profitable.

The business is exempt from paying business rates.

Early viewing of this long established and reputable business is highly recommended, with our client willing to offer a hand over period if required.

TENURE

We are advised leasehold on a rolling lease arrangement.
The original lease length is 12 months
Rent is £10,400 per annum.

HOURS

The business opens:-

Monday to Friday 8.30am - 5.00pm

STAFF

The business is run by our client and his son.

FINANCIAL PROFILE

According to accounts year ending March 2015, the business reports a yearly turnover of circa £62,800 per annum.
The Engine and Gearbox Centre is located on the Gupta Industrial Estate in Oldbury, West Midlands.

The business is easily located just off the A4034 and ideally positioned a short drive away from the M5 motorway. The business is situated within a housing and industrial area of the town from which the business derives much trade.

Oldbury lies just south of West Bromwich with Dudley to the West and Smethwick and the City of Birmingham to the East.
Industrial unit briefly comprising:-

Roller door to front, good head height with fluorescent lighting, 1 two poster ramp, 1four poster ramp, workbench with grinder, steel perimeter shelving, Engine hoist, WE Clark mig welder, additional workbenches, steel workbench with vice, parts washer, diagnostic machines, gas bottles, compressor, gas space heater and washing machine.

Office
Small office with two desks and computer terminal

Staff toilet facilities.

Separate storage cupboard

There is a large secure yard to the front and side of the business. The business is well maintained with effective signage. With additional signage from the main road.

The business is exempt from paying business rates.

Contact us today for more information

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