Property Information
Address:
West Bromwich, West Midlands
Price: Property no longer available.
Size: SOA
Primary Category: Businesses For Sale
All Categories:
Businesses For Sale,
Property Ref/Movehut: MH504751
Property Ref/Agent: 2971-family-run-long-established-garage-for-sale
*Please use the agent ref when calling the agent directly.
Property description
Hilton Smythe is delighted to welcome to the market the Engine and Gearbox Centre.
This family run concern has been established for over 30 years.
The business has an excellent reputation and benefits from a monopoly trading position with very little competition in the area.
According to accounts year ending March 2015, the business reports a yearly turnover of circa 62,800 per annum.
With revenue derived from the repair of engines and gearboxes for cars and light commercial vehicles, general servicing and repairs.
Clients include several lucrative account customers and our client advises that they are currently turning away business as the business is being run at a pace to suit our client due to his impending retirement.
The unit is fully equipped to suit the trade and we are advised that our client has plans and permissions in place for a new MOT bay which will greatly boost income.
This friendly and professional outfit also offers a collection and delivery service within and around a 10 mile radius and included in the sale is a 55 plate Vauxhall van.
The Engine and Gearbox Centre has an informative website in situ .
We believe a new owner could further market the business on social media websites and extending opening hours to cover weekend trade could prove profitable.
Early viewing of this long established and reputable business is highly recommended, with our client willing to offer a hand over period if required.TENUREWe are advised leasehold on a rolling lease arrangement.
The original lease length is 12 months
Rent is 10,400 per annum.HOURSThe business opens:-
Monday to Friday 8.30am - 5.00pmSTAFFThe business is run by our client and his son.FINANCIAL PROFILEAccording to accounts year ending March 2015, the business reports a yearly turnover of circa 62,800 per annum.
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