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Garage for sale

Eric Evans Car SalesStation Crescent,Llandrindod Wells,LD1

292 sq. m. | £350,000

Property Description

Commercial information

  • Business for sale
  • 3,143 sq ft (292 sq m)

Key features

  • REF: 2609
  • FREEHOLD CAR DEALERSHIP

Full description

Tenure: Freehold

LOCATION
Eric Evans Car Sales Ltd occupies substantial two storey, lock-up premises, ideally located within the town of Llandrindod Wells, Powys. The property is positioned opposite a popular supermarket, therefore the business benefits from a very high volume of footfall and passing trade. The business further benefits from free off street parking facilities.

Llandrindod Wells has maintained an important profile in the world of motoring and motor sport. The Welsh International Two Day Trial, which is organised by locals is still a popular event as well as many other rallies.

The area of the business is well served by the public transport system, with several bus stops being within easy walking distance of the property. Llandrindod railway station is just a few minutes' walk away. The area is also well served by the A-roads, with the business situated just off the A483, which links to the national A-road and motorway networks. Newtown is approximately 25 miles away and Builth Wells is 8 miles away.

BUSINESS
Hilton Smythe is delighted to welcome to the market this well-established and popular car dealership and service and repair garage in Llandrindod Wells, Powys.

The business was established by our clients' in 1985 and is only now being offered to the market due to our clients' desire for a well-deserved retirement. The business operates 5 days per week, as well as weekends by appointment only and generates a turnover in the region of 606,000 per annum, with a gross profit of approximately 16%.

Our client offers a wide variety of high quality used cars, as well as services and repairs. Previously our client was a main agent for Vauxhall, although every make and model of cars and vans are now serviced and repaired.

The business has built up an enviable reputation within the area for the high quality of the cars offered, as well as the exceptional customer care and service, which has resulted in a very loyal client base, with a high volume of word of mouth recommendations. We are advised that this business is one of only two similar sized garages in the town, so there is very little competition. In December 2015 the business was fully fitted with a new roof.

Included in the sale of the business are all the current contracts, including significant ones for Onelink, BT and Powys County Council. The town has seen a massive revival in recent years and there are plans afoot to build 369 new homes within the town, which could increase the footfall.

We feel the turnover could be increased by extending the opening hours and trading at the weekend. There is a large plot of land next to the premises which is currently for sale, which would be ideal to expand the car sales side of the business. A new owner could also consider offering Mots. The business already has an excellent and informative website in situ.

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.

PREMISES
Substantial two-storey premises, briefly comprising:

Main showroom with:

Dual aspect showroom with generous glazing offering a light and airy feel.
Tiles flooring.
Reception desk and service desk.
Customer waiting area.
Roller shutter door to rear.

Office with desk, PC, perimeter shelving, cash till and window into workshop. As of December 2015 the roof of the work shop has been fully refitted with a new roof.

Workshop with:

Door to front.
Door to side.
4 x post ramp.
Scissor lift type ramp.
2 x post ramp.
Perimeter shelving.
Workbenches.
Tyre changer and balancer.

Wash bay with:

Roller shutter doors.
Windows to side.
Sink unit with Santor water heater.
Perimeter shelving.
Customer WCs.

First floor with:

Tyre rack.
Perimeter shelving.
Dexion type shelving.

Office 1 with:

2 x desks and filing cabinets.

Office 2 with:

2 x desks, filing cabinets and storage cupboard.
Store area for parts with shelving.

Staffroom with:

Stainless steel sink unit with storage cupboard below.
Sanon water heater.
Ample workspace.
Washing machine.
Space for a refrigerator.

Equipment included:

Many Vauxhall special tools.
Compressor.
Diagnostic equipment and Tec 2 laptop.
Kalamazoo computer system.

External with:

Large sales yard for the display of 30-35 vehicles.
Driveway to side leading to gravelled yard.

TENURE
We are advised Freehold

HOURS
The business is open:

Monday - Friday: 8.30am - 5.30pm
Saturday - Sunday: By appointment only.

STAFF
The business is owner run and managed with2 x full time and 1 x part time staff members.

FINANCIAL PROFILE
The business generates a turnover in the region of 606,000 per annum, with a gross profit of approximately 16%.


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