For Sale

Vehicle Repair Garage With Excellent Reputation

Lymington, Hampshire

£949,995 +SAV

Ref: 13416 I

Contact sales negotiator

Matthew Monks

01204556319

Email Matthew Monks

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Description

Hilton Smythe is delighted to welcome to the market this popular and busy vehicle repair business, which is ideally located within the village of Milford on Sea, Hampshire.

The business was originally established by our client in 1988 and is only now being offered to the market, due to our client’s desire for a well-deserved retirement. The business currently operates 5½ days per week and generates a turnover in the region of £357.300 per annum, with a gross profit of approximately 44%, according to the 2015 accounts.

Our client offers a wide range of vehicle repair services including exhausts, gearbox repairs, air conditioning, clutches, car servicing, tyres, engine diagnostics and mechanical repairs, to name a few, as well as MoT’s to all makes and models of petrol and diesel cars. The property boasts approximately 470 sq. metres of floor space and is extremely well-equipped to suit the trade.

The business has built up an excellent reputation within the area for the very 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, perhaps by offering a full day’s trading on Saturdays. A new owner could also embark on a modest marketing campaign to promote the services offered. There is also scope to re-locate the business and with the relevant planning permission, convert the property into residential apartments.

This is an excellent opportunity for a new owner to take this popular business to the next level; therefore, early discussions with Hilton Smythe must come highly recommended to avoid disappointment.

Tenure

Freehold

We are advised Freehold.

Hours

The business is open:

Monday – Friday: 8.30am – 5.30pm
Saturday: 8.30am – 1.00pm
Sunday: Closed

Staff

The business is owner run and managed with 2 x full time, 1 x part time and a full time apprentice.

Financial Profile

The business generates a turnover in the region of £357.300 per annum, with a gross profit of approximately 44%.

Location

Harfield Motors occupies substantial ground lock-up premises, ideally located within the large village of Milford on Sea, Hampshire. The business is located on the busy High Street and is surrounded by a wealth of complimentary shops and businesses, as well as densely populated residential areas. The business benefits from a high volume of footfall and passing trade, as well as excellent parking facilities within the area.

Milford on Sea is a large village and civil parish on the south coast of England. According to the 2011 census, the village had a residential population of 4,660. Milford boasts a variety of shops, restaurants and public houses on the High Street, which borders the village green. The village is in a scenic location and is protected from development by surrounding green belt land.

The area of the business is well served by the public transport system, with several bus stops within easy walking distance of the property. The nearest railway station is Lymington Town, which is approximately 3½ miles away. The area is also well served by the A-roads, with the A337 being within easy driving distance, which links to the national A-road and motorway networks.

Premises

Substantial ground floor premises in a highly desirable trading location, briefly comprising:

To the left-hand side of the property is a glass fronted retail unit, used to house cars for sale.
4 x post MoT bay.
Reception and customer waiting area.
3 x two post ramps.
Tyre changing equipment.
Air conditioning unit.
3 x diagnostic machines.
Compressor.
2 x engine lifts.
Range of specialist tools.
Timing equipment.
Storage area.

Mezzanine:

Staff room.
Kitchen area.
WC.
Office.

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