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Garage for sale

North Street, PE6

118 sq. m. | £39,700

Property Description

Commercial information

  • Business for sale
  • 1,272 sq ft (118 sq m)

Key features

  • LEASEHOLD
  • REF 12812

Full description

Tenure: Leasehold

LOCATION
Broadway Garage is located in the town of Crowland in Peterborough, Cambridgeshire. The business is situated on a busy high street with residential homes and other thriving businesses surrounding the garage including a bakery, fish and chip shop and a convenience store. The garage benefits highly from the passing trade and locals in the area.

Crowland is a small town in the South Holland District of Lincolnshire. According to the 2011 census the town has a population of 4,211 people. Crowland is on the outskirts of Peterborough and is just under a mile away.

The area is served by a public transport system with several bus stops within walking distance of the business. Peterborough railway station is a 20-minute drive from the garage and is approximately 10 miles away. The A16 runs nearby.

BUSINESS
Hilton Smythe are proud to present to the market Broadway Garage.

Our client established the well-known business in 1989 and has been in his careful ownership since, but now has reluctantly decided to sell due to wanting to retire. Our client also feels that the right new owner could take this already thriving garage to the next level and help it reach its full potential.

The garage currently specialises in tyre changes and fitting's, MOT's and general fixes to vehicles. Online the Broadway Garage has great reviews such as 'By lunchtime leak was found and repaired for a small fee, excellent service'

Broadway Garage is currently turning over a figure of 60,000 per annum and has a gross profit circa of 46%, although we think this is an excellent turnover, we also feel there is scope to increase the turnover by employing other mechanics as the business is currently owner run and managed, this will bring more work and more money to the business, also the owner could embark on advertising on social media or create a commercial website to highlight the excellent service offered.

We feel an early viewing on this business would be highly beneficial to avoid disappointment.
PREMISES
The business premise is accessed via an archway from the main high street which has ample free car parking and this leads up a short cobbled road to the garage which has an acquired parking space for 4 vehicles.

The workshop is spacious, large, and fully equipped.

The office is accessed via the workshop and is fitted with a desk and chair.

There is external access from the yard area.


Equipment included in the sale:
2x Post Ramp
Tyre Changing Equipment
Balancer
Compressor
Engine Crane
MIG Welder
Gas Welder
Pillar Drill
Press Chop Saw
Gear Box Stand
Wash Tank
Pressurised Oil Derail
Tyre Racking
Work Benches
Miscellaneous Hand Tools

TENURE
We are advised that the business is Leasehold.
We are advised that a new lease is available.
Rent 3,900 per annum

HOURS
The business is open from:
Monday - Friday: 8:30am - 5:00pm
Saturday 8:30am - 12:00pm
Sunday: Closed

STAFF
The business is currently run by the owner.

FINANCIAL PROFILE
The business reports an annual turnover of 60,000 per annum and has a gross profit of 46%.


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