Garage for sale

Scudamore Motor CompanyScudamore Road,Leicester,LE3

£340,000
2,261 sq. m.

Property Description

Commercial information

  • Business for sale
  • 24,337 sq ft (2,261 sq m)

Key features

  • REF: 2956 G
  • FREEHOLD
  • LEASEHOLD OPTION 150,000 +SAV
  • GARAGE

Full description

Tenure: Freehold

BUSINESS
Retirement sale all fixtures and fittings included in the sale.
Leasehold available 150,000+SAV

Hilton Smythe is delighted to welcome to the market this well-established motor vehicle and MoT garage business in an ideal trading location in Leicester, East Midlands.

The business was established by our client in 1980 and is only now being offered to the market due to our client's desire for a well-deserved retirement. The business operates 5 days per week and generates a projected turnover in the region of 170,000 per annum, with a gross profit of approximately 50%.

Our client offers a variety of motor vehicle services for cars and class 4 and 7 vans including MoT testing, servicing, repairs and fittings. The business carries out over 700 MoT's per year and is the only garage on site to carry out repairs to class 4 and 7 vehicles. We are advised our client is willing to offer a handover period to any new owner and there is an extremely loyal mechanic who is willing to stay within the business.

The business has built up an enviable reputation within the area for the high quality of the service offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations.

We are advised there is a leasehold option available for 150,000 + SAV - a new lease is to be agreed.

We feel there is scope to increase the turnover by increasing the number of mechanics available to carry out repairs. A new owner could also embark on a modest marketing campaign to promote the services offered. The business would also benefit from the launch of a website to advertise the business.

This is an excellent opportunity for a new owner to take this already thriving business to the next level; therefore early viewing must come highly recommended to avoid disappointment.


LOCATION
Scudamore Motor Company occupies substantial premises, ideally located on a busy industrial estate within the city of Leicester in the East Midlands. The business is surrounded by a wealth of complementary businesses and benefits from a very high volume of footfall and passing trade. The business further benefits from excellent parking facilities to the front and side of the premises.

Leicester is a bustling city in the East Midlands and lies on the River Soar at the edge of the National Forest. According to the 2011 census, the population of Leicester was 330,000, making it the most populous unitary authority in the East Midlands region. Leicester is a popular place in which to live and work due to the amenities available which includes parks, places of worship, historic buildings and shopping facilities.

The area of the business is well-served by the public transport system, with several bus stops within easy walking distance of the property. The nearest railway station is located within Leicester city centre, approximately 4 miles away. The area is also well served by the road networks, with the A563 and M1 motorway being within easy driving distance. Loughborough is approximately 20 miles away and Nuneaton is 19 miles away.

PREMISES

Substantial lock-up premises in an ideal trading location, circa 222sq m, briefly comprising:Substantial lock-up premises in an ideal trading location, briefly comprising:

Double height garage accessed from two sides (approx. 60ft x 35ft).
Customer waiting area.
Office.
Store area.
Mezzanine level with ladies & gents WCs, storage cupboard and a further office.

The garage space allows work to be carried out on 3-4 cars, as well as 1-2 vans.

Equipment included:

MoT bay - automated test lane for class 4 and 7 vans (up to 3 tonnes) - costs 38,000
Several pit jacks.
Class 7 break tester (allows 4 x 4 facilities) - cost 18,000.
2 x 4 post ramps (1 x wheel free ramp).
2 post ramp.
Compressor.
Engine hoist.
2 x trolley jacks.
Tyre machine.
Balancer.
Hydraulic press.
Bloch KTS machine.
Launch Master diagnostics machine.
Hydraulic spring compressor.
Oil barrels and pumps.
Air conditioning machine
Mig welder

External:

Secure parking area for approximately 20 vehicles with steel gates which are locked each evening.

TENURE
We are advised Freehold.

A leasehold option is available - new lease to be agreed.

HOURS
The business is open:

Monday - Friday: 8.30am - 5.30pm
Saturday: 8.30am - 12.30pm
Sunday: Closed

STAFF
The business is owner run and managed with one staff member.

FINANCIAL PROFILE
The business generates a projected turnover in the region of 170,000 per annum, with a gross profit of approximately 50%.



Nearest stations

  • Leicester (3.6 mi)
  • Narborough (4.4 mi)
  • South Wigston (4.8 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Hilton Smythe, Bolton

20 Wood Street, Bolton, BL1 1DY

01204 299002 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Leicester (3.6 mi)
  • Narborough (4.4 mi)
  • South Wigston (4.8 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Hilton Smythe, Bolton

20 Wood Street, Bolton, BL1 1DY

01204 299002 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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