Property Information
Address:
Coventry, West Midlands
Price: Property no longer available.
Size: SOA
Primary Category: Businesses For Sale
All Categories:
Businesses For Sale,
Property Ref/Movehut: MH526063
Property Ref/Agent: 13012-garage-in-coventry-city-centre
*Please use the agent ref when calling the agent directly.
Property description
Hilton Smythe welcomes to the market HBP Motors. The business was originally established in Coventry over 24 years ago, our client then took over 16 years ago, but has worked at the business since it first opened. Our client has a great knowledge of the trade and has created a great business opportunity. The owner is now looking to sell the garage, due to the desire to take a well-deserved retirement.
The garage offers class 4 MOT's, repairs and services as well as specialising in air conditioning, clutches, exhausts, suspension and vehicle diagnostics. This is a well-established garage that benefits from an enviable repeat client list; this will be included in the sale.
The business is currently generating an advised turnover of around 158,000 per annum, with a gross profit of 41%. This is a healthy turnover that we feel could be increased by taking on more staff, this will allow for more work, therefore more income.
The garage has a great website this has a full list of services available and customers can also book vehicles in for repair. The website is included in the sale.
The garage has two courtesy cars available, this a great service that most competition does not offer. This is an outstanding garage that provides a professional service that is recognised in Coventry, this business thrives off word of mouth recommendations.
This is a fantastic opportunity that is not to be missed. Hilton Smythe highly advise early viewing to take in the full potential of the trade.TENUREWe are advised the business is being sold as a Leasehold opportunity.
Original lease length: 9 years
Remaining lease length: 5 years as of 2016.
Rent: 8,500 per annumHOURSThe business opening hours-
Monday - Friday: 8:30am - 5:30pm
Saturday: 9am - 1pm
Sunday: ClosedSTAFFThe business is run and managed by our client, with the help of one member of staff.FINANCIAL PROFILEThe business generates a turnover in the region of 158,000 per annum.
Gross profit 41%
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