Garage in Suffolk

Mildenhall, Suffolk
REF: 05573

Asking Price:
£300,000
Annual Turnover:
£495,447
Annual Net Profit:
TBC
Recently Sold
REF: 05573
Photo of Garage in Suffolk

Overview

Tenure:
Leasehold
Established:
1988
  • Large popular industrial estate
  • Two close-by units included in purchase
  • Specialise in all types of repairs and servicing
  • Extensive and modern workshop
  • Includes American & UK diagnostic equipment

We have for sale a well-established automotive repair and servicing business that flaunts an outstanding local reputation. The auto centre specialises in General Motors, Ford, Chrysler, Dodge and Jeep vehicles and is factory approved for warranty work.

Established in 1988, the business provides repairs, servicing and MOTs to cars and vans from a prime location in a large industrial estate in Mildenhall.

With a range of high quality technology and an ideal location for vehicle repair. There is now plenty of scope for a new owner to further grow the business.

As the business benefits from having two separate units it means that the engineers have more space to utilise their services and it also means there is a larger space to keep car parts.

In the first unit, the customer enters immediately through the lobby area, which ultimately leads into the reception area. In the reception area, there is a spacious waiting room with an observing window into the workshop and a sales counter looking into the main office. Beside the counter, is a corridor leading to the Gents and Ladies toilets and to the left of this there is a computer room. There are two offices and a featured conference room neighbouring it. Onwards, there is a door leading through to the workshop where the main MOT PIT for the business is kept: it is heavy duty and designed for any vehicle. Equipment wise there is: 1 scissor lift and 1 bay for repairs and engine jobs. At the rear of the workshop is the small yard whereby the oil tank, waste oil tank and 2 storage units are kept. There is also a custom bonds area for new cars. Featured on these premises are a series of solar panels on the roof; ideally the council maintains these so there is no outlay for the tenant

Due to consistent high volume of work, the current owners thought it necessary to open a second unit. This unit is not too dissimilar. The front door leads through to the reception and to the right is the main office. Likewise, there is a viewing window inside the office; some of the office space is used as the delivery centre for new cars. Further onwards is the main workshop. At the rear of the workshop is a 12ft roller shutter leading into the yard perfect for car park use. The MOT station is a OPTL (one-person test lane) where SVA & MOT testing is carried out. Within the floor space is where the light conversions, valeting and amendments and attachments of vehicle parts and accessories are also carried out.

Both sites have MOT Testing stations and included within the purchase are modern American and UK diagnostic equipment for both units. There are numerous superior tools, 5 lifts, plus the main pit. Included in the office areas are boardroom tables, chairs and shelving.

Intelligent Business Transfer is pleased to offer for sale this successful automotive repair and servicing business that has been run by the same owners for nearly 30 years.

The business benefits from a prime location and an excellent reputation for service, specialising in US and right-hand drive vehicles. The garage has all the right ingredients for successful repairs, for all makes and models. As a result, the current owner enjoys an impressive turnover, a loyal repeat customer base and strong word-of-mouth.

As well as a loyal returning customer base, the automotive repair and service business has a high level of clientele within the military industry. As well as receiving regular trade from local businesses and the general public.

Although, there are other ways to increase trade and profit - introducing a recovery truck would expose the business to a larger radius and thus more customers. The automotive could also increase working hours and open on weekends too. This would allow the business to cater for those who aren’t able to come in during weekday times.

The business ideally benefits from having 2 units to base their trade from, however, as the second smaller unit has less equipment, a new owner could present more equipment and body repair services to the second unit, so the business can participate in more servicing.

There is now ample opportunity for a new owner to take this long-established business to even greater levels of success. The main opportunity to grow is to secure commercial contracts for servicing fleet vehicles, something the business has successfully pursued in the past.

Intelligent Business Transfer are searching for a suitable buyer. The current owner is willing to stay on for a transitional period, if needed, to help familiarise the new buyer with how the business operates.

Features

Online Presence

Website: www.mildenhallautocentre.ltd.uk

Location

Property

Annual Rent
TBC
Annual Rates
TBC
Lease Term (Years)
TBC
Lease Expiry (Years)
TBC
Accommodation Included
TBC
EPC Rating
C 51-75

Financial & More

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