For Sale

Well Known Family Run Garage & Retail Shop

Stourport-on-Severn, Worcestershire

£499,999 +SAV

Ref: 14640 I

Contact sales negotiator

Matthew Monks

01204556319

Email Matthew Monks

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Description

Freehold option £499,999 +SAV
Leasehold option £189,999 +SAV

Hilton Smythe welcomes to the market Lloyds Garage Ltd.

Lloyds Garage is an iconic business to the inhabitants of Stourport and the surrounding towns and villages having been established in 1925. The business occupied a prominent site in Stourport town centre close to the bridge but relocated seven years ago when the local council purchased the site. In the event, the move to a much more practical and modern building in a great location has proven successful and lucrative. All the business’s original customers followed to the new site and the business has also generated many new customers who use the services provided on a regular basis.

This great family business has been passed from generation to generation and is now reluctantly being sold only so that the current owner can enjoy a well-earned retirement.

Lloyds Garage aims to be a ‘one stop shop’ for all motorists needs and offers the following services:

Class 4 & 7 MOTs
Repairs on all makes and models
Brakes, pads discs, shoes, cylinders etc.
Steering, racks, links, track rod ends etc.
Suspension, shock absorbers, springs, ball joints etc
Clutches, cover, plate and bearing replacement
Electronics, fault code reading for most makes and systems
General servicing on all makes and models
Exhausts.

Additionally, there is an extremely well stocked retail shop offering spare parts, car accessories, tools, paints, etc.

The business has many regular customers and enjoys good visibility on the internet featuring on sites such as yell.com, www.192.com, www.bookmygarage.com, www.yelp.co.uk and mot-testers.co.uk to name just a few.

Scope to improve
Website to extol services offered, a gallery of work completed and perhaps an online booking facility.
Advertising and marketing campaign, the current owner has no need to advertise but a new owner may choose to pursue.
Maximise the use of social media particularly Facebook and Twitter.
Extend the opening hours, could see increased turnover if opened during the weekends.
Introduce a customer loyalty or referral scheme.
Consider an eBay shop for parts and accessories.
Increase the signage from the main road to drive new customers to the business.

Tenure

Freehold/Leasehold

We are advised that Lloyds Garage is being sold as a Freehold business.

However, the vendor would consider selling the business on a leasehold basis and proposes an annual rent of approximately £22,500 with a mutually acceptable lease to be agreed with the new owner.

Hours

Monday to Friday: 8am – 5pm
Weekends closed

Staff

The business is run and managed by our client with the help of four full time and one part time members of staff.

Financial Profile

Lloyds Garage generates an advised current turnover of approximately £400,000; the business continues to grow at an impressive rate.

Business rates of circa £7,000 are currently paid.

Location

Lloyds Garage Ltd is located in Stourport-On-Severn in Worcestershire.

Stourport-On-Severn is a town and civil parish in the Wyre Forest District of North Worcestershire a few miles to the south of Kidderminster and downstream on the River Severn from Bewdley.

Lloyds Garage is perfectly situated in the busy and vibrant Sandy Lane Industrial Estate just a few miles from the busy A449 dual carriageway which links Worcester and Kidderminster. The business occupies a substantial, modern and purpose built industrial unit and is ideally positioned close to the entrance of the estate and as such benefits from high levels of footfall and passing trade.

The premises are fastidiously maintained and presented with striking and clearly visible signage. There is plenty of parking both to the front and rear of the business premises.

Premises

Lloyds Garage is situated in a large detached industrial unit and is presented and maintained to the highest standards and briefly comprises;

Retail Shop
A generous sized retail front with glazed door and windows to front creating a light airy and inviting interior, really well stocked and interesting shop with perimeter shelving, central shelving gondolas, bespoke counter and office space.

Workshop
A really good size workshop with high ceilings, concrete flooring and roller doors both to the side and rear, fully equipped with MOT bay, three 2 poster ramps and a four poster ramp, cleverly designed to maximise the space available and with room for many vehicles.

Staff/Waiting Room
With window to front and sofas for customer use, stainless steel sink and drainer with useful cupboard beneath, space for fridge.

First floor
There is a first floor mezzanine with two generously proportioned offices and loads of storage space.

Externally there is a good sized car park to the front of the business along with further space to the side and rear.

The premises are secured by a monitored alarm system and there is also a CCTV system installed.

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