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Long-Established Garage Business For Sale

Worthing, West Sussex, UK
Asking Price:
£89,995
Sales Revenue:
£200,000
Cash Flow:
Available on request

Business
Hilton Smythe welcomes to the market A & J Motors. The business was originally established by our clients in 1987. The owners are now looking to sell the business, due to the desire to take a well-deserved retirement.

The business specialises in the general repairs of all car types. The garage can also accommodate light commercial vehicles due to the height of the garage. This includes motor homes and transit vans. A delivery and collection service is available for loyal customers. We are advised that the garage receives a generous amount of repeat loyal trade, some of which have been supporting the garage for over 30 years.

The business generated a turnover in the region of £200,000 as if the 2015 accounts, with a gross profit of 90%. Although this is an excellent turnover, there is scope to increase this figure. With the loyal client base the business thrives from word of mouth recommendation and boasts its 500+ customer database.

The garage comes fully equipped and has a third pit. This is currently unused but would be ideal for motorcycle repairs. There is also room to expand the garage through to the rear. This could be used for other services such as bodywork and resprays. However, if expansion isn’t possible down to planning permission, there is potential to offer a car sales pitch. This would be a complimentary service to the business.

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.

Location
A & J Motors is located in Worthing, West Sussex.

The garage is situated just one minute away from the town centre of Worthing. This part of the town is highly residential, from which the business receives much of its trade. The garage shares a drive with another business and can easily accommodate 10 cars for storage or customer parking.

Worthing is a seaside town 10 miles west of Brighton and 18 miles east of Chichester. The population of the town is approximately 104,600 as of the 2011 census.

The A27 link road is a short drive away from this location. This road runs across the coast from Portsmouth and heads east to Eastbourne. The town has two train stations each within proximity to the business. The town further benefits from great bus routes.

Premises
A & J Motors boasts a large property. This is a double height unit with two large garage doors that lead to the workshop. One of the doors is a slide open and the other roller shutter. Outside the property is ample parking for 10 cars.

The garage briefly comprises: -

Main Workshop Equipment
3 bays with full height pits
Snap on diagnostics equipment £15,000
Snap on battery charger
4 poster 3000kg ramp
Hydrolic and manual gearbox jacks
Engine hoist
Trolley jack
Various axel stands
Wheel balancer
Tyre changer
Hydrolastic pump up engine machine
Gearbox oil pump
Tyre rack
Oil drainer
New compressor
Tyre bath
Large range of specialist tools

Mezzanine
Accessed by an iron staircase from the main workshop. This includes two unused offices which could be used as storage or a staff area.

Office
The office is accessed from the main workshop and includes two desks, pc, telephone fax machine, filing cabinets and customer records.

Outside there is a shed for storage and oil tank waste. There is also some land at the rear and side if garage.

Tenure
We are advised the business is being sold as a Leasehold opportunity.

Original lease length: 5 years
New lease to be negotiated
Rent: £12,000 per annum

Hours
The business opening hours: -

Monday - Friday: 8:30am – 5pm
Saturday & Sunday: Closed

Staff
The business is run and managed by our clients, with the help of two members of staff.

Financial Profile
The business generated a turnover of £170,000 as if the 2017 accounts.

Property Information

Property:

Leasehold

Contact Information

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