Reputable Local Garage Based in Lancashire

Lancaster, Lancashire
REF: 03306

Asking Price:
£449,950
Annual Turnover:
£294,691
Annual Net Profit:
£49,678
Recently Sold
REF: 03306
Photo of Reputable Local Garage Based in Lancashire
Photo of Reputable Local Garage Based in Lancashire
Photo of Reputable Local Garage Based in Lancashire

Overview

Tenure:
Freehold
Established:
2002
  • Very Loyal Customer Base
  • Excellent Reputation

This friendly local garage specialises in MOTs and all aspects of car servicing and mechanics. They work with all major insurance companies to provide a full electric and mechanical repair service.


This is an excellent opportunity for someone in this industry (or wishing to enter the sector) to purchase a large, reliable garage with a great reputation and a base of loyal repeat customers.


Whilst already seeing year on year growth, there is still plenty of room for further progress under the right management, so this company offers an excellent opportunity to a prospective buyer.

This reliable local garage works on all aspects of car servicing and repairs including brakes, exhausts, clutches, tyres, diagnostics, wheel alignment, air conditioning, electrics and equipment etc. They have their own MOT bay with MOTs being a specialism that they offer. They have a large professional garage unit with space for multiple cars. The premises are available to buy as a freehold.

They are based in a great location with very little competition locally. Overheads are low and turnover is excellent, making this a highly profitable opportunity for a prospective buyer.

Their reputation is for their expertise and an excellent service across the board. Most new custom comes from word of mouth from their many satisfied repeat customers.

They run a decent, informative website, which is professional and highlights all the services offered by the company.

Intelligent Business Transfer are pleased to offer for sale this well-established and reliable local MOT centre and garage.

The garage already has an excellent customer base, with a reputation for maintaining an excellent service. In spite of their impressive turnover and good profits, there is still plenty of scope for growth through advertising and marketing.

Currently all advertising is done by word of mouth. It would be valuable to invest in more advertising, such as leaflet dropping, magazine advertising, or local radio as well as developing their website and online marketing and their social media presence.

There is the potential to take on further staff and expand services, perhaps specialising in larger vehicles as well as cars.

The purchase opportunity may appeal to an already established company, in order to expand their current territory with a client base in this part of the country. It may also appeal to a current specialist in this industry, keen to move into a business that has already established a good client base, with well trained staff available.

The current owner is willing to stay on for a period if required, to help ease the transition to new management.

Location

Property

Rates
TBC
Accommodation Included
TBC
Freehold Property Value
TBC
EPC Rating
C 51-75

Financial & More

Annual Turnover
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Annual Net Profit
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Stock at Valuation
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Company Accounts
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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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