Status: Completed
Tenure: Freehold / Leasehold
Turnover: £160,000
Busy Vehicle Repair Garage in Basildon For SaleBusy Vehicle Repair Garage in Basildon For SaleBusy Vehicle Repair Garage in Basildon For Sale
£299,995 + SAV
Leasehold option available at £99,995 + SAV

Busy Vehicle Repair Garage in Basildon For Sale

Completed
  • Reference: 3036 J
  • Location: Basildon, Essex
Hilton Smythe is delighted to welcome to the market this well-established and very busy motor vehicle repair and MoT business in Basildon, Essex.

The business was established by our client in 1985 and is only now being offered to the market due to our client's desire for a well-deserved retirement. The business currently operates 5 days per week and generates a turnover in the region of £160,000 per annum, with a gross profit of approximately 56%.

Our client offers a wide variety of vehicle services including car servicing and repairs, motorcycle servicing and repairs, light commercial van servicing and repairs, electronic diagnostics, fault finding and MoTs, which are done by appointment only. Mot's are currently sub-contracted, however we are advised that there is ample room for an MOT bay which would allow for this service to be brought in-house, therefore significantly increasing profit.

The premises boasts over 195 sq. metres and includes a large double height unit, an office and a customer waiting area. The business has built up an enviable reputation within the area 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 and offering Saturday trading. A new owner could also embark on a modest marketing campaign to highlight the excellent services offered. The business already has a very informative website in place at www.kswautos.co.uk.

We are advised that a leasehold option is available for £99,995 + SAV.

This is an excellent opportunity for a new owner to take this already thriving business to the next level; therefore early viewing must come highly recommended to avoid disappointed.

TENURE

We are advised Freehold.

A leasehold option is available and a new lease is to be negotiated with a rent of £1,600 per month.

HOURS

The business is open:

Monday - Friday: 8.30am - 5.30pm
Saturday - Sunday: Closed

STAFF

The business is owner run and managed.

FINANCIAL PROFILE

The business generates a turnover in the region of £160,000 per annum, with a gross profit of approximately 56%.
KSW Auto Services occupies substantial ground floor premises, ideally located on a very busy industrial estate within the town of Basildon, Essex. The property is surrounded by a wealth of complementary businesses and benefits from a very high volume of footfall and passing trade. The business further benefits from good car parking facilities to the front of the premises.

Basildon is a very popular place to live and work, due to its close proximity to City of London and the Docklands financial and corporate headquarters districts. Basildon was created primarily as an overspill town to relieve the overpopulated areas of east London. According to the 2011 census, the town had a residential population of 107,123.

The area of the business is well served by the public transport service, with bus stops within easy walking distance of the property. The nearest railway station is just over three miles away. The area is also well served by the A-roads, with both the A127 and A13 being within easy driving distance, which links to the national A-road and motorway networks. Basildon lies 32 miles east of Central London, 11 miles south of the city of Chelmsford and 10 miles west of Southend-on-Sea.
Substantial ground floor unit in a prime trading location, briefly comprising:

Office/customer waiting area.
Large double height garage unit (approximately 2,000 sq foot).
4 x ramps.
Motorcycle area/ramp.
Waste room.
Staff WCs and changing area.
Kitchen.

A full list of equipment included is available.