Parking/garage for sale in F/H Mot Station, North Essex CO11

The business has been established over 120+ years and has been trading under the same ownership since 1997 by our client who has brought the business to market with a genuine reason for sale due to retirement. A profitable business working to high gross profit margins, we feel there is huge scope to increase revenues even further with the extension of opening hours, offering a delivery/collection service and introducing car sales from the large forecourt. Currently undertaking all garage & mot services along with specialist classic car works, our client has built up a highly enviable reputation amongst a loyal & regular client base. The business is completely unopposed and the site has massive potential for various revenue streams. Cost of Stock to be paid on Completion. Early viewing advised. RX257594

Location

The site is located on a main road of a North Essex village near Manningtree, offering direct easy access to the A120. The immediate surrounding area is highly built-up residential, with further local developments taking place which can only add to the captive audience

Garage

Garage - Measuring 38.01 x 38.06 = approximately 1,446 sq.ft. With a ceiling-height of 5.62m currently arranged to accommodate 2-post ramp, scissor ramp, mot bay with ramp & pit that is fully equipped with air con machine, 4-wheel laser aligner, emissions machine, headlight aligner, brake tester, compressor, tyre changer, wheel balancer, sand blaster, mig welder, key-safe, gear box jack, 2 x trolley jacks, 2 x diagnostic machines, hydraulic press, battery charger, 2 x engine hoists, sheet metal cutter, wall-mounted infra-red heaters, coil spring compressors and a de-greasing machine. The garage benefits from a Separate Office Area and is fully alarmed with sensors throughout

Forecourt, Shop & Office

The site has a 15+ Car Forecourt and a separate Self-Contained Shop & Office measuring 20.39 x 15.94 = approximately 325.11 sq. Ft. Currently arranged as a customer waiting/retail sales area, with various racking and shelving displays along with providing access to staff/customer toilets and a manager's office directly behind the till serving counter

Staff & Trading Hours

The business is operated by our client full time, assisted by 2 full-time members of staff. The business currently trades 8.30am until 5.30pm Monday through to Saturday and is closed on Sundays

Turnover

A profitable business with the first 3 quarters VAT returns for 2023 confirming a net turnover of £164,805 therefore the turnover is tracking to be around £220,000.00 for the year end 28th December 2023 Accounts. Year End 2022 accounts confirm a reconstituted net profit in excess of £71,000 and our client anticipates this figure will be higher based on the increase in turnover for Year End 2023. Full financial information will be made available to seriously interested applicants, following a viewing of the business

Business Rates

The premises is subject to a rateable value of £8,000 resulting in zero business rates payable, should small business rate relief apply to a purchaser

Legal Costs

Each party are to be responsible for their own legal fees incurred in the transaction

Disclaimer

Whilst every care is taken to ensure that these particulars are correct, accuracy is no way guaranteed and none of the information supplied forms part of any contract. Acceptance of these particulars constitutes a contract to the effect that all negotiations for the business or property will be made through Gilbert & Rose otherwise the purchaser will be equally responsible with the vendor for damages equal to the amount of our commission