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Village Garage And Mot Centre For Sale

Caldicot, Monmouthshire
Asking Price:
£89,950
Sales Revenue:
£285,000
Cash Flow:
Available on request

Business
Hilton Smythe welcomes to the market Magor Motors. The garage has been established in this location for over 60 years. This is a family run business that benefits from repeat loyal trade, and boasts an exceptional reputation for its high quality of customer service and services provided. The owner is now looking to sell the garage, due to the desire to focus on other business interests.

The garage specialises in a variety of services and offer class 4 MOT’s. Some other services include, repairs, tyres, engine rebuilds, MOT failures and MOT preparation.

Our clients currently offer vehicle body work, this is run from a workshop at the back of the garage. This workshop area will not be included in the sale. The current owner will be using the rear workshop for a separate body repairs company, run on a casual basis. Included in the sale is the large workshop, forecourt, waiting room and reception area. Magor Motors services will offer repairs, servicing and MOT’s.

The business generated a turnover in the region of £285,000 as of the 2016 accounts, with a gross profit of 27%. Most custom is from the locals that live in the area. The garage does little advertising and thrives from word of mouth recommendations. With a little advertising and marketing the garage could see an increase in custom. A Facebook page, website and leaflet drops could be something the purchaser considers.

Magor Motors would be a perfect first time purchase for a partnership looking to run a long-established, ready to run garage business. This is a fantastic opportunity that is not to be missed. Hilton Smythe highly advise early viewing to take in the full potential of the trade.

Location
Magor Motors is located in Magor, Caldicot, Monmouthshire.

The garage is situated in the residential village of Magor, part of the larger town of Caldicot. The garage is just minutes away from Magor village centre, where there is an abundance of retail outlets, pubs and restaurants. The village is in a great location and benefits from its central location from Newport and Bristol. A lot of passing trade derives from commuters, the village also has its own motorway service station, minutes away from the garage.

As of the 2011 census Caldicot had a population of circa 11,000, with Magor having around 6,000 of this figure. The large population allows for a generous amount of repeat loyal trade.

The garage is 1 mile away from the M4 motorway, this runs from Swansea and east into Central London. As well as excellent road connections, the business further benefits from great public transport. There are bus stops a short walk away, these have regular daily routes into Newport. The closest train station is Severn Tunnel Junction, this is just a 6-minute drive away.

Premises
Magor Motors boasts a unique style building. The property is well-signed to passing trade and benefits from ample parking on the front forecourt. This is a substantial sized building with an entrance door leading to the waiting area. Next to this is a shutter door that heads into the large workshop.

On entry is the waiting area, this has seating and a sofa for customers. A door from here leads into the generous sized reception. This comes fully equipped with desk, computer and phone points.

A shutter door then opens into the large workshop. This is an open plan workshop that comes fully equipped. To the left is a one-person MOT bay.

Equipment included in the sale includes: -
Welding equipment –
Meg & burning bottles

Diagnostics –
Snap on
Wheel balancer
Tire change equipment
2x two poster ramp
Four poster ramp
Hand tools

To the back of the property is another workshop, this is not included in the sale.

The staff room and WC are shared between Magor Motors and the rear workshop.

Tenure
We are advised the business is being sold as a Leasehold opportunity.

Original lease length: 5 years
New lease to be negotiated with the landlord. This will be ideally another 5 years.
Rent: £24,000 per annum

Hours
The business opening hours: -

Monday - Friday: 8am – 6pm
Saturday: 8am – 12pm
Sunday: Closed

Staff
The business is run and managed by our client, with the help of six full time members of staff.

Financial Profile
The business generated a turnover in the region of £285,000 as of the 2016 accounts, with a gross profit of 27%.

Property information

Property:

Leasehold

Contact Information

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  1. What will happen?

    We will pass a copy of your enquiry information, along with the name of the business you enquired on to finance specialists Rangewell. They will contact you in due course about financing your business purchase.

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