Commercial Property for sale

Tenure: Freehold

CAR SALES, PETROL, SERVICE STATION & CONVENIENCE STORE
Situated in the affluent coastal village of Bolton-Le-Sands
Advised turnover £779,779 with good gross profits
Spacious car retail unit & large petrol forecourt
Wonderful reputation and thriving business
Rare opportunity in superb trading location
Early viewing essential to fully appreciate
Substantial rear service centre
Scope for further development
FREEHOLD £670,000 Plus SAV
LEASEHOLD £95,000 Plus SAV


Location
This outstanding diverse car sales, petrol and vehicle service station with convenience store is located on the main A5105 coastal road that links Bolton-le-Sands with nearby Morecambe and Carnforth. It is in a high visibility, high traffic location, ideal for a business of this nature. Bolton-le-Sands is a large village and civil parish of the City of Lancaster in Lancashire. Situated in the South Lakes the village is an affluent, main residential area within a leisurely walk of the beautiful coastline and beach. The village has many facilities including a highly regarded primary school and 3 public houses. The village has superb road links and is reached easily via the A5105 and A6. The M6 motorway is within a short 10 minute drive providing further access to the UK’s wider motorway network.


Business History
Meridian Business Sales are delighted to offer to the market this diverse car sales, service and petrol station with convenience shop, established since Circa.1940 and has been in the capable hands of our client since 1990. The only reason this outstanding business is being offered to the market is due to the unfortunate bereavement of one of the main proprietors. Since owning the business our client has built up a wonderful reputation locally and benefits from a high percentage of repeat and regular local customers and due to a fabulous main road location a high proportion of passing trade. We are advised of an annual turnover of £779,779 with good gross profits which is derived from the sale of cars, petrol and general convenience products in addition to revenue from an extremely popular car servicing and repair side to the business. There is great scope to further increase turnover as the service side of the business could easily be expanded to incorporate M.O.T certification and benefit from the potential increase in revenue, also the convenience store side to the business could easily be expanded. Indeed a national supermarket chain has already expressed an interest in exploring this option. Our client currently employs only very limited advertising, again providing further scope for the potential to increase turnover. The business premises are large and spacious and in full walk in condition representing a true turn key opportunity for any prospective purchaser. This is a wonderful opportunity to purchase a long established and thriving business with great scope for potential improvement and as such early viewing is strongly recommended as this business is not to be missed.


Financial Profile
Turnover: £779,779pa
Stock approximately: £20,000


Tenure
We are advised freehold

Leasehold Option
Length: 10 years
Rent: £25,000pa


Opening Hours
Monday to Friday: 8:00am - 6:00pm
Saturday: 8:00am - 5:00pm
Sunday: 9:00am - 5:00pm


Accommodation
Superb car sales, petrol and service station with convenience store set in substantial plot of land in a high footfall trading location, briefly comprising:

GROUND FLOOR
Secure entrance from petrol forecourt leading to small convenience shop.

Convenience Shop
Left of entry, convenience products and confectionary display
Branded drinks display tower fridge
Branded ice-cream chest freezer
Counter with behind counter tobacco display
Newspaper display

Car Sales Showroom
Beautifully presented spacious open plan unit
Internal secure entry to personal office

Service Centre
Staff toilet
Twin bay service centre with secure steel shutters
Open plan spacious unit
4 post service ramp

EXTERNAL
Large 4 pumps branded petrol forecourt
Car vacuum
Secure Calor Gas storage
Toilet
Substantial forecourt to rear of unit with scope for further development
Jet wash