Garage for sale

Egerton Park MotorsGower Street,Farnworth,Bolton,BL4 7EY

277 sq. m. | £550,000

Property Description

Commercial information

  • Business for sale
  • 2,981 sq ft (277 sq m)

Key features

  • REF: 2724
  • FREEHOLD REPAIR GARAGE

Full description

Tenure: Freehold

LOCATION
Egerton Park Motors is situated on a large plot within Bolton, Greater Manchester. Set just off a popular main road, Gower Street is in Farnworth a very busy area due to the close proximity to the town centre which is only 1 mile away from the property.

The business is on a very large industrial estate which has a vast array of other complimentary motor companies. The area has great accessibility with the closest railway station only a couple of minutes' walk away.

St Peters Way is a major link through Bolton it also connects the town to the M61 motorway and surrounding towns. With such great links and much trade in the area, the garage benefits from a large amount of footfall. The property is also located within a densely populated residential area, from which the business derives much of its trade.

BUSINESS
Hilton Smythe are delighted to welcome to the market Egerton Park Motors. This bustling MOT garage is well known in the area and is well established. The business was originally established in 1982 by our client, and has been extremely popular ever since.

We are advised the current turnover for the business is around 169,568 per annum, with a high gross profit of 62%.

Our client is now looking to sell the business due to the desire for a well-deserved retirement. The garage specialises in a vast range of work such as-
MOT class 4
Repairs
Tyres
Exhausts
Clutches
Gearboxes
Diagnostics
Air conditioning refill
Balancing
Tracking
With so many trades to offer, the business benefits from many customers in and around the town. Being established so long ago this gives the garage the advantage over other motor companies in the area. Over the many years this garage has built up a large list of loyal regular customers.

Our client advises us that they haven't advertised in over 30 years. The business thrives off its word of mouth reputation, however we do feel the business could benefit from a little advertising to bring in customers from further afield.

Our client is looking to retire and has run the business at a steady pace to suit his lifestyle there is a lot of potential to increase the already high turnover. One way in which the new owner could do this is by opening extra hours and also Sundays. The property is also large enough to introduce bodywork and other diverse services.

This premise is well equipped to suite the trade, the business also benefits from a rented car park with a very long lease of 99 years, which is agreed with the council that is at an extra cost of 2,000 per year. With such a fantastic premises and business, this is the perfect opportunity to an already experienced garage owner or for a new owner looking to start up a new business with an already extensive customer base.

We are advised that a leasehold option is available at the cost of 175,000 plus SAV. Rent is to be negotiated.

PREMISES
The premises is made up of a several buildings, all of the buildings are well secured with CCTV and redcare burglar alarm. At the front of the property is the large rented car park with capacity for 15 vehicles. This would be a perfect space for a car sales pitch, this would be fantastic for boosting turnover.

The main building is the mot garage which has an mot bay and also a service bay. There is a reception and waiting area to the right of main garage. Private office further back from reception. Mezzanine floor which is used primarily for storage. Toilet for staff and customers to the left of the reception area.

Further building to rear with ramp and servicing area. There is also one other out building with ramp and servicing area also.

Equipment included in the sale is as follows-
3 x two poster ramps
1 x four poster ramp
Air conditioning refill machine
Tyre levers
Tyre machine
Diagnostic equipment
Oil drainers
Various hand tools
Press
Compressor
2006 (56 plate) ford transit connect van


TENURE
We are advised that the business is Freehold.

We are advised that a leasehold option is available at the cost of 175,000 plus SAV. Rent is to be negotiated.

HOURS
Business opening times-

Monday-Thursday: 8:30am-6pm
Friday: 8:30am-5pm
Saturday: 9am-1pm
Sunday: Closed

STAFF
The business is run and managed by our client with the help of 4 members of staff.


FINANCIAL PROFILE
We are advised the turnover for the business is around 169,568 per annum
With a gross profit of 62%


Nearest stations

  • Moses Gate (0.3 mi)
  • Farnworth (0.7 mi)
  • Kearsley (1.3 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 299139 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

  • Moses Gate (0.3 mi)
  • Farnworth (0.7 mi)
  • Kearsley (1.3 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 299139 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.

Disclaimer - Property reference 2724. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Hilton Smythe, Bolton . Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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