Property Information
Address:
Bristol, Bristol
Price: Property no longer available.
Size: SOA
Primary Category: Businesses For Sale
All Categories:
Businesses For Sale,
Property Ref/Movehut: MH489554
Property Ref/Agent: 1790-highly-profitable-garage-with-development-potential-for-sale
*Please use the agent ref when calling the agent directly.
Property description
Hilton Smythe welcomes to the market Renatec Ltd.
The business has been successfully run and managed by our clients since 1991 and is very well known in the area, with an excellent reputation resulting in much repeat business and word of mouth referrals.
Renatec Ltd specialises in the servicing and mechanical repairs mainly to class 4 vehicles.
Revenue is also derived from a popular MOT service with around 20 MOT'S a week currently being accomplished.
Our client, an experienced Mechanic, also provides diagnostic services, however he will continue this arm of the business elsewhere.
The business reports a staggering turnover considering that no marketing has ever been undertaken.
With circa 4000 homes within the vicinity, we believe the potential to acquire new business through a marketing campaign can easily be obtained.
We are advised that the unit is on an unadopted road with 33 parking spaces and that in 4 years time the business can claim the road/land.
Additionally, the premises on either side of the business have been converted to flats offering the potential for the unit to be demolished and also converted to living accommodation, subject to the correct planning permissions.
Early viewing of this very profitable business with the potential for future development is highly recommended.TENUREWe are advised Freehold.HOURSThe business opens-:
Monday to Friday 8.30am - 5.30pm.STAFFThe business is owner run and managed with the assistance of 2 full time and 1 part time members of staff.FINANCIAL PROFILEThe business reports a healthy turnover of 333,000 plus VAT per annum with gross profit at 61%.
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