Successful Mechanics Business for Sale in Lytham St. Annes

Lytham St. Annes, Lancashire
REF: INT2047

Asking Price:
£47,950
Annual Turnover:
£72,500
Annual Net Profit:
£36,500
REF: INT2047
Photo of Successful Mechanics Business for Sale in Lytham St. Annes
Photo of Successful Mechanics Business for Sale in Lytham St. Annes
Photo of Successful Mechanics Business for Sale in Lytham St. Annes
Photo of Successful Mechanics Business for Sale in Lytham St. Annes

Overview

Tenure:
Leasehold
Established:
2003
  • Excellent Reputation
  • Very Loyal Customer Base
  • Huge Growth Potential
  • Low Overheads
  • Well Equipped Business

An exciting opportunity has become available to purchase a well-established and reputable mechanics business, running from its current location for over 10 years.

First established 19 years ago, the customers are locals and regulars, with many customers returning whenever needed. The business offers the servicing of vehicles and is known and trusted for their excellent standard of work and fair prices.

Workshops such as this are hard to find within the surrounding areas, therefore this 3-ramp unit with exceptionally low running costs presents an ideal opportunity for an experienced mechanic to start their own workshop. Furthermore, there is scope to hire an extra member of staff or use the services of the vendor who is open to staying on and working as a part-time employee.

The current vendor owns the premises which presents an ideal opportunity to work with the vendor, as a landlord of the unit, on a lease deal.

Due to the vendor owning the premises and the workshop being highly functional, this business has extremely low running costs and benefits from a loyal customer base.

The workshop’s electricity bill is around £35 p/m due to heating running from a waste oil heating system, and rent at the premises would be £7200 per annum. Lease terms can be negotiated with the purchaser.

They benefit from a very spacious premises, the workshop is approximately 8m wide X 15m deep and has three 2-poster ramps and a compressor. There is also a small office with a lockable door and toilet facilities alongside a mezzanine area.

With a brilliant security system, the workshop has CCTV and large roller-shuttered doors and a customer counter.

The business has great growth potential when looking at their loyal customer base and very low running costs.

They are currently only open 4 days a week and some days by appointment only. The potential to open for longer hours and hire an extra mechanic would be highly beneficial to the workshop.

Currently, the vendor doesn’t take part in any marketing or advertising schemes therefore focussing on the growth of social media channels and their website would drive more traffic to the company.

Features

Key Information

  • Number of Ramps: 3

Reputation

  • Google: 5

Location

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  • Close to Local Businesses
  • On-Site Car Parking

Property

Annual Rent
£7,200
Annual Rates
TBC
Lease Term (Years)
TBC
Lease Expiry (Year)
TBC
Accommodation Included
No
EPC Rating
TBC

Financial & More

Annual Turnover
XXXX
Annual Net Profit
XXXX
Stock at Valuation
XXXX
Company Accounts
XXXX
Trading Entity
XXXX
Management Structure
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Number of Employees
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Current Ownership
XXXX

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