Sold

Family Run Garage in Scotland

Paisley, Renfrewshire

£50,000 +SAV

Ref: 13354 A

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Description

Hilton Smythe welcomes to the market Carrolls Garage. This is a family run business that was originally established by our clients in 1975. This is a well-established garage that receives a generous amount of repeat loyal trade. The owners are now looking to sell the business, due to the desire to take a well-deserved retirement. The garage offers an excellent variety of services for a range of vehicles. This includes class 4 MOT’s, servicing, repairs, exhaust systems, suspension repair, brake testing, tyres and diagnostics. This is an excellent garage that has been run to a very high standard by our clients. The business generated a turnover in the region of £80,000 as of the 2014 accounts, with a gross profit of 73%. Although this is a healthy turnover we feel there is scope to increase this figure. The purchaser should consider the option of introducing more services. Body work and recovery could benefit the garage and should allow for a lot more trade. The business does have a Facebook page and a website. Social media is a great way of advertising a business and this should be something the purchaser continues. The garage has an excellent website, this is included in the sale. (www.carrollsgarage.co.uk) The site has information of services available and is very easy to use. However, we feel that an online booking system could be beneficial to improve the site. This is a fantastic opportunity that is not to be missed. Hilton Smythe highly advise early viewing to take in the full potential of the trade.

Tenure

Leasehold

We are advised the business is being sold as a Leasehold opportunity. Remaining lease length: 8 years as of 2016. Rent: £167 per week

Hours

The business opening hours: - Monday - Friday: 8:30am – 5pmSaturday & Sunday: Closed

Staff

The business is run and managed by our clients, with the help of three members of staff.

Financial Profile

The business generated a turnover in the region of £80,000 as of the 2014 accounts. Gross profit 73%

Location

Carrolls Garage is located in Paisley, Renfrewshire. The garage is situated on a busy industrial estate in Paisley. Due to the variety of businesses the area receives a large amount of footfall and passing trade. The garage is on an estate which is fenced off and well secured. In this area is a salon retailers, bathroom supplier, training company and a plumbing retailer. Paisley is a cultural town in Scotland. The town hosts many annual events and boasts a variety of tourist attractions. Some of the main places of interest to visit is the Paisley Museum and Art Gallery, Bradshaw Park, Saucel Hill, Glennifer Braes Country Park, Oakshaw area of Paisley, The Statues of Paisley are just a few. The town has a population of circa 76,834 in the 2011 census. The garage is just minutes from the town centre and benefits from great road links. This includes the A726 and the M8 motorway network. The M8 connects the town with Glasgow city centre, which is just a 20-minute drive away. The town has generous public transport connections with bus stops a short walk away and two train stations just a short 5-minute drive away. Glasgow airport is also a 4-minute drive away.

Premises

Carrolls Garage boasts a large property in an industrial part of Paisley. The property is well signed, clearly visible to passing trade. Roller shutter door leads into the main workshop. There is a door to the side of the main workshop doors which leads to a reception area for greeting customers. To the right of the reception is an office for staff. The main workshop opens up into a good sized industrial unit. To the left is the MOT bay with a 4-post ramp. To the right of the workshop is a scissor ramp and to the rear is a 2-post ramp. A toilet is situated to the rear of the workshop. The business is well equipped with the ramps outlined above plus-Tyre machineWheel balancerHydraulic press2 diagnostic kitsGas analyserBrake testerWheel alignment systemEngine hoistsJacks and all other garage equipment and tools

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