For Sale

Repairs Garage/Investment with Planning for 9 Houses

Bacup, Lancashire

£299,995 +SAV

Ref: 14654 A

Contact sales negotiator

Rob Walker

01204 556 300

Email Rob Walker

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Description

Hilton Smythe are delighted to bring to the market Hare and Hounds Garage, a well established car repairs business with planning permission for 9 town houses.

The Garage was established by our client 30 years ago, during this time he has built a loyal client base with lots of repeat custom, the garage is being offered for sale due to the current owner wishing to retire.

At present the garage currently offers the following services:

Vehicle Servicing
Vehicle Diagnostics
Car Exhausts
Car brakes
Timing belts
Welding
MOT preparation and repair

If the purchaser was looking to expand the business. There is plenty of scope for improvement, the garage would benefit from advertising and using modern marketing schemes. The garage has been run at owner’s pace for a few years, therefore if the new owner wanted to work longer hours to increase turnover the option is there.

Hare and Hounds Garage occupies a great trading location with ample parking to the front of the premises.

The garage is well equipped, with a genuine reason for sale.

Viewings highly recommended to appreciate the location and potential of the business.

Tenure

Freehold

We are advised the garage is Freehold.

Hours

Currently ran at owners pace.

Staff

Our client currently runs the garage on his own but there is potential to increase work load and employ staff.

Financial Profile

According to the 2016 -2017 accounts, the current owner reports an annual turnover of £42,000 with a gross profit of around 69%.

Location

The business is located on New Church Road, Bacup, Lancashire.

The business is surrounded by a wealth of complimentary shops and businesses and benefits from a high volume of footfall and passing trade.

The area of the business is well served by the public transport system, with several bus stops within easy walking distance of the property.

There are several railway and tram stations nearby. Also, there is a main bus link to and from surrounding towns.

The area is also well served by the A roads leading to the M65 motorway network.

Premises

Large plot with outlined planning permission for 9 houses. Currently 2 industrial units and forecourt used as a car wash.

Unit 1
Large open plan unit with ample shelving, office on the 1st floor
Currently trading as the car repair garage with ample tools (to be discussed at the time of sale).

Unit 2
Large open plan unit with 2 offices to the rear.
Both units are gas heated with metal roller shutters and doors.

Forecourt
Currently used for the car was area with 2 large jet wash machines.

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