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Garage for sale

Owl Close, Northampton, Northamptonshire, NN3

Sold STC 414 sq. m. | £70,000

Property Description

Commercial information

  • Business for sale
  • 4,456 sq ft (414 sq m)

Key features

  • REF 12443
  • LEASEHOLD
  • GARAGE

Full description

Tenure: Leasehold

LOCATION
AMS Autocare occupies substantial lock-up premises, ideally located within the town of Northampton in the East Midlands. The business is surrounded by a wealth of complementary businesses and benefits from a high volume of footfall and passing trade, as well as excellent car parking facilities to the front of the premises.

Northampton is one of the largest towns within the UK, and according to the 2011 census, it had a residential population of 212,000. It lies on the River Nene, approximately 67 miles north-west of London and 50 miles south-east of Birmingham. Northampton's market square is one of Britain's largest and most historic, which dates back to 1235.

The area of the business is well served by the public transport system, with several bus stops within easy walking distance of the property. Northampton railway station is approximately 4 miles away. The area is also well served by the A-roads, with both the A508 and A43 being within easy driving distance, which link to the national A-road and motorway networks. Kettering is approximately 12 miles away and Milton Keynes is approximately 25 miles away.

BUSINESS
Hilton Smythe is delighted to welcome to the market this well-established and popular vehicle maintenance business, which is ideally located within the town of Northampton.

The business was established by our client in 1990 and has been run, together with his son, very successfully. Only now is the business being offered to the market due to our client's desire for a well-deserved retirement. The business currently operates 5 days per week and generates a turnover in the region of 120,000 per annum, with a gross profit of approximately 50%.

The garage specialises in car body work, resprays and accident damage repairs, as well as providing a wide range of general auto services, such as MoT's, servicing, diagnostics, air conditioning system services and tyre fitting. Our client has a very skilled team, which are very experienced and can undertake servicing and repairs on all makes and models of car and light commercial vehicles.

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

We feel there is scope to increase the turnover by extending the opening hours, perhaps by opening longer on Saturdays. A new owner could also embark on a modest marketing campaign to highlight the services offered. The business already has a website in place to promote the business at www.amsautocare.co.uk.

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

PREMISES
Substantial lock-up industrial premises in an ideal trading location, briefly comprising:

3,500 sq. foot unit with full height roller shutter doors.
Reception area with seating.
Office.
Kitchen.
2 x WCs.

Workshop with:

1 x two post ramp.
1 x scissor lift.
MoT bay (one-man system, 8 months old.
Compressor.
Tyre machine.
Wheel balancer.
Welder.
Press.
2 x gear box jacks.
Low bake oven (gas fired system.
Paint mixer.
Spray guns.

All main equipment purchased within the last 3 years.

First floor:

Landing are.
2 x offices.

External:

Forecourt parking, as well as an additional parking area for 15 plus vehicles.

TENURE
We are advised Leasehold:

Original lease length: 5 years
Remaining lease length: 2 years, as of May 2016.
Review every: 5 years
Rent: 20,000 per annum

HOURS
The business is open:

Monday - Friday: 8.00am - 6.00pm
Saturday: 8.00am - 12.00pm
Sunday: Closed

STAFF
The business is owner run and managed with 1 x full time and 1 x part time staff members.

FINANCIAL PROFILE
The business generates a turnover in the region of 120,000 per annum, with a gross profit of approximately 50%.



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