Busy & Well Established Garage Business

Description

Hilton Smythe is delighted to welcome to the market this well-established and busy motor repair business, which is ideally located on the outskirts of Newmarket in Suffolk.

The business was established by our client in 1984 and is only now being offered to the market, due to our clients’ desire for semi-retirement. The business currently operates 5½ days per week and generates a turnover in the region of £465,200 per annum, with a gross profit of approximately 43%.

Our clients offer a wide variety of motor servicing and MOT preparations on all makes and models of vehicles, from a simple oil change to a complete engine or gearbox rebuild. The business receives daily deliveries of parts and consumables, as well as providing a courtesy car, should it be required and a valeting service. Our clients also offer the sale of used vehicles and can source new cars from all manufacturers.

The business has invested heavily over the years to have a Dealer-Level suite of diagnostic systems, which enable the same level of electronic fault diagnosis, which is available from the main dealers. These systems are constantly updated.

The business has built up an excellent client base and reputation, 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 embark on a marketing campaign to promote the business and services offered. Spa Motor Co. already has an informative website in place to advertise the business at www.spamotorco.co.uk, although the use of social media, such as Facebook and Twitter are excellent advertising tools and could be utilised.

This is an excellent opportunity for a new owner to acquire a very busy and popular vehicle repair business, or it would make an excellent bolt-on opportunity for an existing business wishing to expand, therefore, early discussions with Hilton Smythe must come highly recommended to avoid disappointment.

Tenure

Leasehold

We are advised Leasehold:

Original length: 25 years
Remaining length: Currently a rolling contract, a new lease is available.
Rent: £14,880 per annum

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Hours

The business is open:

Monday – Friday: 8.30am – 5.30pm
Saturday: 8.30am – 12.30pm
Sunday: Closed

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Staff

The business is owner run and managed with 3 x full time mechanics and 1 x part time secretary.

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Financial Profile

The business generates a turnover in the region of £465,200 per annum, with a gross profit of approximately 43%.