Garage for sale

Unit 1B - TR19

£99,950

Property Description

Key features

  • Profitable leasehold 2,700 sq ft unit with scope to expand, Ideal first time garage or suit skilled professional
  • Annual turnover of 170k, adjusted profit in excess of 37k and growing.
  • Idyllic Lifestyle location and opportunity
  • All spare parts, tools and equipment included in the sale.

Full description

Tenure: Leasehold

DESCRIPTION
A rare case of a genuine lifestyle opportunity to acquire a well established and well respected business located at Pendeen, Cornwall.

West Cornwall Motor Repairs is part of the Jerry Harvey Moror Repairs group, and is only being offered for sale due to the owner wanting to pursue his lifetime hobby of classic cars.

This business is located next door to his classic car business but in an agreement will not touch any modern cars and can, in fact, feed work to the purchaser in the form of MOTs for his classics. West Cornwall Motor Repairs has been repairing cars in Pendeen for many years and relocated to its current workshop in 2005.

The business has established a reputation for providing quality service, with extremely competitive prices. In addition the business has an excellent reputation for being an honest and friendly garage.

The current owner prides himself on the quality of his customer service, which is reflected in the level of loyal and returning customers. The business currently offers servicing and MOT’s to over 300 regular clients and is ideally located to also attract touristic trade. In addition the garage offers new tyres and tyre repairs, and full wheel lazer aligning.

The business is located in unit 1b on the Trewellard Industrial estate at Pendeen and is surrounded by some of the most spectacular coastal and rural scenery available within Cornwall. It is located off a road which appears in the top 10 drives within the UK therefore attracts motorists and potential new clients. Pendeen is located just 9 miles from Penzance, 6 from Land’s End and 35 from Truro, the capital of Cornwall.

Located in a prime position, and offering flexible lease terms the business would be ideal for any qualified mechanic wanting their first established premises along with an excellent reputation. The business would also suit qualified garages wanting to extend there own business.
We have been informed that the 2017 year end accounts show £37k in

ACCOUNTS
Current records and accounts can be inspected when viewing.

TRADING HOURS
Monday — Friday 08:30 — 17:00
Saturday Closed
Sunday Closed


STAFF
Managed by the owners with part time staff and a sub contract MOT Inspector.

BUILDING EXTERNAL & INTERNAL
The garage operates from a 2,700 sq ft industrial unit maintained to high standards and benefits from the addition of 550 sq ft mezzanine (height restricted). The main layout is open plan with a main office and a smaller office, toilets and small kitchen area.The mezzanine is located above the office.

The rest is one level and boasts 2 sets of well spaced ramps and additional floor space to allow up to 10 cars to be worked on/parked at any one time.
Additionally and in line with the entrance is the 1 person ATL MOT Lane.

The floor surface is well looked after and it is hard to imagine its actually a fully functional garage, this cleanliness is very impressionable to their many clients.

Full 3 phase electricity is installed.
Access is via a manually operated concertina doors with access to vehicles over 16 feet is possible.
The roof has a multitude of skylights allowing the business to operate with natural daylight.
Heating is in the form of space heaters when required.



RESIDENTIAL ACCOMMODATION
There is no residential accommodation for owners/management available.

TENURE
A new FRI lease (subject to contract) will be granted. All of the lease terms are subject to negotiation. The current lease terms is a 3 year rolling lease. Rates will be discussed at the meeting but it’s very low.

SUMMARY
A stunning example of how a vehicle repair shop should be run, being successful for over 15 years. With a large Leasehold site and the scope to increase the customer database, this will be attractive to a first time buyer as well as the seasoned garage owner. Interest is expected to be high therefore early viewing is essential to appreciate the opportunity on offer here.

ADDITIONAL INFORMATION
It will be agreed between vendors and buyers that each will operate their own businesses in a non competitive state with each other, in fact the vendors will supply work to the new owners in the form of MOT’s and not work on cars under a certain age. The buyer will also agree not to work on classic cars unless their own vehicles. This agreement will be open to discussion then filed via solicitors.


Listing History

Added on Rightmove:
21 April 2017

Nearest station

  • Penzance (6.5 mi)
Distances are straight line measurements from centre of postcode

Nearest schools

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To view this property or request more details, contact:

ALTIUS GROUP LIMITED, Kings

Tustin Court, Unit 1, First Floor, Port Way, Ashton-On-Ribble, Preston, PR2 2YQ

01772 399199 Local call rate

How much will it cost me to call the number displayed on the site?

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Map & Street View

Nearest station

  • Penzance (6.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

ALTIUS GROUP LIMITED, Kings

Tustin Court, Unit 1, First Floor, Port Way, Ashton-On-Ribble, Preston, PR2 2YQ

01772 399199 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.

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