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Garage for sale

1 High Street,Meifod,SY22

238 sq. m. | £340,000

Property Description

Commercial information

  • Business for sale
  • 2,561 sq ft (238 sq m)

Key features

  • REF: 2808
  • FREEHOLD
  • MOT GARAGE

Full description

Tenure: Freehold

LOCATION
The business is located in the picturesque semi-rural village of Meifod, Powys in Wales.

Although semi-rural C & I L Jones Ltd is easily accessible from the A495 connecting to both the A458 and A483. The business is situated within this beautiful welsh town and backs onto open farmland with views across the stunning Powys countryside.

The business benefits from a monopoly trading position with very little competition locally and attracts regular custom from residents within the village and other surrounding towns and villages.
BUSINESS
Hilton Smythe is delighted to introduce to the market C & I L Jones Ltd. This popular garage has been in the same family since 1951 and has built up an enviable reputation and is very well known in the region.

The business reports a healthy turnover in the region of 228,000 per annum with a gross profit of circa 64%. The garage sees much repeat trade and word of mouth recommendations with an excellent reputation for customer service and value for money. Revenue is derived from service and repairs and a very busy MOT station, currently benefitting from around 1500 MOT's per annum doing class 1,2,3,4, 5 and class 7 vehicles.

The garage is immaculately presented with visible signage, fully furnished to suit the trade, with an extensive inventory of equipment. A new owner could extend opening hours to take advantage of weekend trade and initiate a website to further promote the business if required.

We are advised that the owner's 4 bedroom accommodation could be available by separate negotiation if desired, and our client is happy to assist with a handover period to ensure a smooth transition of ownership.

We highly recommend viewing of this great business opportunity which genuinely comes to the market as our clients wish to retire and travel.
PREMISES AND EQUIPMENT
A good sized garage with forecourt to the front, occupying a generous sized plot.

The business is immaculately presented and well maintained with visible signage, a forecourt to front, a drive to side and a generous rear yard laid to gravel. There is a concrete garage to the rear yard providing useful additional storage

Garage
Double roller doors to front, generous head height with skylights to roof and fluorescent lighting creating a light and airy interior. Fully fitted workshop with concrete floor Mot bay with four poster ramp and rolling road, additional four poster ramp and 2 two poster ramps. Perimeter shelving, roller door to rear yard, mezzanine floor housing stores department, windows to side. WC with hand-wash basin, door to side ,tyre racking, perimeter shelving and workbenches, parts degreaser and useful store room

Reception/MOT waiting area
Dual aspect with counter and perimeter shelving, door and window to front


Please ask Hilton Smythe for full inventory of equipment
TENURE
We are advised freehold.
HOURS
The business opens:-

Monday to Friday 8.30am - 5.30pm
Saturday and Sunday closed.
STAFF
The business is owner run and managed with the assistance of 2 full time members of staff.
FINANCIAL PROFILE
The business reports a healthy turnover in the region of 228,000 per annum with a gross profit of circa 64%.

Map & Street View

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