Status: For Sale
Tenure: Leasehold
Leasehold Rent: £2,503 per month
Turnover: £229,381
Busy Vehicle Repair and MoT Garage in Luton For SaleBusy Vehicle Repair and MoT Garage in Luton For SaleBusy Vehicle Repair and MoT Garage in Luton For Sale
Open to Offers
£199,950 + SAV

Busy Vehicle Repair and MoT Garage in Luton For Sale

For Sale
  • Reference: 3009 J
  • Location: Luton, Bedfordshire
Hilton Smythe is delighted to welcome to the market this well-established and very busy vehicle repair and Mot garage in Luton, Bedfordshire.

The business was established by our client in 2009 and is only now being offered to the market due to our client's desire to re-locate. The business currently operates 5½ days per week and generates a turnover in the region of £229,500 per annum, with a gross profit of approximately 44%.

Our client offers a variety of services to maintain all types of vehicles in addition to prestigious vehicles, including repairs, services and class 4, 5 and 7 MoTs. The garage is equipped with the very latest tools and diagnostic equipment to ensure the highest possible standards.

The property boasts a very useful floor area of 401 square metres plus a mezzanine. The property is maintained to a very high standard, as well as being fitted out to suit the trade with full height roller shutter doors, three 2 x post ramps (2 of which are brand new) and a Mot bay.

The business has built up an enviable reputation within the area for the high quality of the goods and service offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations.

We feel the turnover could be increased by extending the opening hours. A new owner could also embark on a modest marketing campaign to promote the services offered. The business already has a very informative website in place to advertise the business at www.brdgarage.com.

This is an excellent opportunity for a new owner with drive and ambition to take this already thriving business to the next level, or it would be an excellent bolt-on for a similar business looking to expand; therefore early viewing must come highly recommended to avoid disappointment.

TENURE

We are advised Leasehold:

Original lease length: 10 years
Remaining lease length: 4 years
Review every: 5 years
Rent: £2,503 per month.

HOURS

The business is open:

Monday - Friday: 8.00am - 5.30pm
Saturday: 8.00am - 1.00pm
Sunday: Closed

STAFF

The business is owner run and managed with 2 x full time and 2 x part time staff members.

FINANCIAL PROFILE

The business generates a turnover in the region of £229,500 per annum, with a gross profit of approximately 44%.
B.R.D Autocare Centre occupies substantial ground floor premises, ideally located on a busy industrial estate within the large town of Luton, Bedfordshire. The business is surrounded by a wealth of complementary businesses, which provide a high volume of footfall and passing trade. The business further benefits from good car parking facilities to the front of the premises.

Luton and its near neighbours, Dunstable and Houghton Regis form the Luton/Dunstable Urban Area, with an estimated residential population of 258,000. The towns economy has traditionally focused on several different areas of industry including car manufacture, engineering and Millinery. Luton is a very popular place in which to live and work due to its lively nightlife and diverse selection of restaurants.

The area is well served by the public transport system, with bus stops within easy walking distance of the property. Leagrave railway station is approximately 1½ miles away. The area is also well served by the national road networks, with A-roads within easy driving distance and the M1 is just a short drive away. Luton is located 20 miles east of Aylesbury, 14 miles west of Stevenage and 30 miles northwest of London.
Substantial ground floor industrial unit in a prime trading location, briefly comprising:

Main workshop with:

Full height roller shutter door.
Three 2 x post ramps (two of which are brand new).
Scissor ramp.
Tyre changing equipment.
MoT bay.
Gas central heating system.
Engine oil cleaner.
Tracking gauge.
Air conditioning equipment.
Road tester - upgraded to take 4 x 4s.
Offices with tyre storage equipment above.
Workshop with racking and shelving.
Diagnostic equipment including Maxidas and Texa.
Shock absorber tester.
Small office area.
Workshop with grinder, pillar drill and welding area with workbench and vice.
MoT office.
MoT viewing room.
Kitchen.
Spare storage room.
2 x WCs.
Main office with seating area, 2 x PCs and printer.
Mezzanine storage area.

Contact us today for more information

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