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Garage for sale

Riley Street, Stockton-On-Tees, Cleveland, TS18

Leasehold 73 sq. m. | £25,000

Property Description

Commercial information

  • Business for sale
  • 785 sq ft (73 sq m)

Key features

  • REF 12516
  • LEASEHOLD
  • GARAGE

Full description

Tenure: Leasehold

LOCATION
Happy Auto's occupies substantial ground floor premises, ideally located within the town of Stockton-on-Tees, County Durham. The business is situated on an industrial estate and is surrounded by a wealth of complementary businesses, therefore benefiting from a good volume of footfall and passing trade. The business further benefits from good car parking facilities to the front of the premises. The industrial estate is surrounded by densely populated residential areas, from which the garage derives much of its trade.

Stockton-on-Tees is a market town within the Tees Valley region of North East England. According to the 2011 estimates, the town had a residential population of 191,000. Stockton is famous for its association with the Stockton and Darlington Railway, which operated the world's first steam-hauled passenger train in 1825. Development of the town has been ongoing since the 1980s and work is underway to develop the north bank of the River Tees with the 300 million Northshore Scheme.

The area of the business is served by the public transport system, with bus stops within easy walking distance of the property. Stockton railway station is approximately one mile away. The area is also well served by the A-roads, with the A1305, A135 and A66 all being within easy driving distance, which link to the national A-road and motorway networks. Middlesbrough is approximately 5 miles away and Darlington is 12 miles away.

BUSINESS
Hilton Smythe is delighted to welcome to the market this well-established and busy auto repair business, which is ideally located within the town of Stockton-on-Tees, County Durham.

The business was established by our client in 1983 and is only now 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 55,000 per annum, with a gross profit of approximately 58%.

Our client offers a variety of auto repair services including general servicing, motor repairs and pre-MoT work. The property boasts approximately 74 sq. metres of floor space offering a spacious workshop and an office with storage above.

The business has built up an enviable reputation within the area for the 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 offering Saturday trading. A new owner could also embark on a modest marketing campaign to highlight the excellent service offered. The business would also benefit from the launch of a website to promote the concern.

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.

PREMISES
Substantial ground floor industrial premises in an ideal trading location, briefly comprising:

Main workshop with:
Secure roller shutter doors.
Two post ramp to the centre of the unit.
Shelving and racking to perimeter walls.
Small office space with kitchen and WC.
Storage space above office.

Equipment included:

Two post ramp.
Compressor.
Jacks.
Engine hoist.
Welding gear.
General workshop equipment.

External:

Good car parking facilities.

TENURE
We are advised Leasehold:

Rolling lease.
Rent: 250 per month

HOURS
The business is open:

Monday - Friday: 9.00am - 5.00pm
Saturday - Sunday: Closed

STAFF
The business is owner run and managed.

FINANCIAL PROFILE
The business generates a turnover in the region of 55,000 per annum, with a gross profit of approximately 58%.


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