For Sale

Well Established Service Centre & Performance Race Tuning Centre

Newcastle-upon-Tyne, Tyne and Wear

£94,950 +SAV

Ref: B04826

Contact sales negotiator

Jessica Aspinall

01204556307

Email Jessica Aspinall

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Description

Hilton Smythe are delighted to welcome to the market this well-established and very popular vehicle service centre that incorporates an engine tuning / performance centre for performance cars of all types.

The business was established by our client some 15 years ago and is only now being offered to the market due to our clients’ desire to retire from the industry. The business operates 5½ days per week and generates a steady level of income.

Our client offers a variety of services including:

• Pre-MOT inspection
• Mechanical repairs
• Services
• Engine diagnostics
• Engine remaps
• Diesel tuning
• Wheel alignment
• Air conditioning recharge service spare parts
• Some car accessories

This fully equipped garage can carry out repairs on all makes and models. They also stock a good selection of spare parts including tyres, engine oils, brake discs and pads and batteries to name a few.

The business has built up an excellent reputation within the area and further afield for the high quality engine tuning service via its racing development services and aftermarket parts 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. A new owner could also embark on a modest marketing campaign to highlight the business and the services offered, or perhaps branch out into the car and van hire business and also car sales. The garage would also benefit from a dedicated website to highlight the services on offer, along with the introduction of a MOT service for clients.

The business trades on its reputation for service and has outstanding future possibilities. It would potentially be an ideal acquisition to some similar sized or larger enterprise looking to increase its position and presence within the industry.

The business has a great online presence, keeping its Facebook page updated with photos and information. The Facebook page boasts circa 774 likes; this is great for maintaining custom and attaining new.

Very rarely do businesses of this calibre come to the open market therefore, early viewing must come highly recommended to avoid disappointment

Tenure

Leasehold

We are advised that tenure is offered on a Leasehold basis

Current lease is yearly with longer terms available

Rent - £460 PCM

Hours

Monday to Friday: 9.30 am – 5.30 pm
Saturday: 9.00 am – 1.00 pm
Sunday: Closed

Staff

The business is currently run by the owner along with 1 other full-time member & 1 trainee

Financial Profile

The business has reported a turnover in the region of £110,000 PA

Location

The Business is located in a well serviced, popular and very busy industrial trading estate in Benton Square NE12. Due to the busy location the business benefits from a good amount of passing trade.

The popular areas of Benton and Forest Hall benefits from excellent transport connections with frequent buses to both the coast and Newcastle City Centre, Palmersville Metro Station, Asda Superstore and further benefits from great road links to the A1 and A19.

Newcastle is situated only 6 miles away and is well known for its excellent shopping facilities and vibrant nightlife along with quality restaurants, theatres and cinemas.

Premises

The business occupies a large purpose-built industrial unit that has been fitted out to high specification & benefits from having easy access for larger commercial style vehicles, the accommodation briefly comprises:

• General office
• Seated reception area
• Service counter
• Main Workshop Area
• 1 x 2 poster 4 tonne ramp
• 1x Dyno / Rolling road
• Associated computerised tuning equipment
• 2 x compressors
• Ample work bench space with tool storage
• Various Diagnostic Equipment
• Further Specialist Industry Tooling
• Further storage
• Toilet W/C area
• Alarm
• External Parking Bays

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