Sold

Well Known and Popular Garage

Ingleton, Carnforth

£34,995 +SAV

Ref: B04606

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Description

Hilton Smythe are delighted to bring to the market KT Motors, an extremely well-presented car repair business located on Ingleton Industrial Estate, Ingleton, Carnforth. The business was established in 1991, with our client downsizing and relocating to the current premises 6 years ago. Our client has built up an excellent repour with his customers and is now looking to pass the business on as he is ready to retire. The services currently offered include, Service and repair work, tyres, engine and break repair to name a few. The business has outstanding repeat trade, and further benefits from word of mouth recommendation. The current advertising is very minimal therefore there is ample scope for expansion. We feel the turnover would be increased by embarking on modern marketing schemes such as whocanfixmycar.com and creating a social media account. The business would ideally suit a new owner who could build upon the foundations laid down and push the business forward. The workshop unit is kept very neat and tidy, with ample workspace, parking space at the front of the premises and WC. Early viewings are highly recommended as the business is located in such a sought after location with a large client base with lots of scope for expansion.

Tenure

Leasehold

We are advised the garage is Leasehold, with annual rent of £4,692 and 3 years remaining on the Lease.

Hours

8.00 - 17.00 (Mon – Thurs)8.00 - 16.00 (Friday) Occasional Saturday mornings

Staff

Owner ran with no staff members.

Financial Profile

The financial reports show 2016 -2017 an annual turnover of £28,919 with a gross profit of £16,647.

Location

The business is located in Ingleton, Carnforth.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 stations nearby, Also there's a bus link to and from surrounding towns and villages. The area is also well served by the A-roads leading to the M6 motorway network.

Premises

Well presented modern unit, with good signage and car parking space at the front. Included In The Sale • Compressor• Hydraulic Press • Bradbury ramp• Tyre machine and balancer • Folding engine lift • Gas mains heater • Spring compressor • Hydraulic transmissions stand • MIG welder (snap on) • Oil drainer • Ample hand and specialist tools • Stock at value is around £300The premises is secured with metal railings and shutters.

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