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Garage for sale

Cannon Street, Deal, Kent, CT14

£40,000

Property Description

Commercial information

  • Business for sale

Key features

  • REF: 2942
  • LEASEHOLD
  • GARAGE

Full description

Tenure: Leasehold

BUSINESS
Hilton Smythe welcomes to the market Cannon Street Garage Services. The business was originally founded by our client in 2010 and is highly regarded and very well supported by the local community seeing much repeat trade and word of mouth referrals.

The business reports a turnover of 76,000 per annum with revenue generated from a range of services including vehicle diagnostics, welding, tyres, brakes, exhausts, service and repairs, mot preparation , wheel balancing and laser alignment for light commercial vehicles and cars. Our client has a passion for classic cars and around 30% of revenue is derived from the repair and restoration of these lovely timeless vehicles.

The garage is fully equipped to suit the trade and conveniently positioned adjacent to a car sales business from which the garage also draws trade. The business has an informative website in situ www.cannonstreetgarage.org.uk and has a presence on social media website Facebook with 129 likes. We feel a new owner could embark on a modest marketing campaign to attract a wider client base.

This is a great business which reluctantly comes to the market due to ill health and is an ideal opportunity for an experienced mechanic to walk in and start immediate trading.


LOCATION
The business is located within the seaside resort of Deal, Kent.

Cannon Street Garage Services is located within a heavily populated residential area of the town, from which the business derives much trade.

Deal is readily accessible from the A256 and boasts its own railway station. This former port town is now a busy holiday resort and lies around 8 miles from Dover and around the same distance from Ramsgate. According to the 2011 census the town is now home to circa 30,000 residents.

PREMISES
Single industrial unit with roller shutter and large forecourt, (minimum of 5 cars).

Open garage allowing easy work on multiple vehicles with garage door access from 2 sides.

There is a secure storage area and office area to the rear. The garage shares the use of kitchen and toilet facilities with the adjacent car sales garage.

Equipment includes.
Ramp (leased to business)
Engine hoist
Pipe blender
2 x steel workbenches
Press
3 x storage cabinets
Trolley
Office computer

TENURE
We are advised leasehold.
The original lease length is 10 years
3 years remain on the lease
Rent is a peppercorn 500 per month.

HOURS
The opening hours are:-

Monday to Saturday 8.30am - 5.30pm.

STAFF
The business is owner run and managed with the assistance of an apprentice.

FINANCIAL PROFILE
The business reports a turnover of 76,000 per annum.



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