Leasehold Garage Services Business Located In St Austell

Leasehold Garage Services Business Located In St Austell
Ref 2496

Location
This respected Garage Services business is located on Bucklers Lane, Holmbush, St Austell in Cornwall. The business is situated on a well presented enterprise estate with shared occupancy just off the main A390 trunk road from St Austell to Liskeard. Local attractions include Charlestown famous for the filming of many TV programmes such as Poldark. Local attractions include, The Eden Project, The Lost Gardens Of Heligan and nearby is Carlyon Bay Hotel, Golf & Country Club.

Leasehold Asking Price: £74,950

Business Description
Veritas Business Sales are delighted to offer for sale this Garage Services concern which is located in the highly desirable town of St Austell. The business was established by our clients back in 1999 and is now being offered for sale so that they can enjoy a well deserved retirement.
Since ownership they have continually invested in new equipment along with fixtures & fittings which are all bought and paid for and included within the sale price which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. Holmbush Garage is owner operated with the help of 1 full time & 2 part time members of staff. For year ending 31st May 2019 they posted an annual turnover of £177,242 with a GP of £102,782 (58%) producing a net profit of £33,198. They are Peugeot & Citroen specialists and undertake servicing and repair work to all other makes of vehicle.
We believe that there is further potential to increase turnover by expanding upon the current trading hours, implementing an advertising & marketing campaign and maybe adding a website to keep up with the demands of online advertising & social media. The business enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade. This is a superb opportunity to purchase an established business which is a great base to build upon and as such early viewing is highly recommended as this is not to be

Opening Hours
Monday – Friday – 8.30am – 5.30pm
Saturday – 8.30am – 12.30pm
Sunday – closed

Leasehold
Original term: 10 years
Remaining: 4 years
Rent: £14,520 pa
Rates: Zero

Ground Floor
Workshop 1 (7.0m x 5.1m) comprising: parts washer, engine crane, ¾ socket se , auto plus welding apparatus (MIG), 2 post ramp, full range of garage tools and equipment, fire extinguishers, waste oil bunded tank, propane heater and propane cylinder, 2 trolley jacks
Toilet.
Workshop 2 (10.0m x 5.7m) comprising: work bench, scissor ramp, full range of garage tools and equipment, various shelves and cabinets, guillotine, 3 transmission jacks, diagnostic unit (Sun), compressor with airline, press (Task master) and auto-coil spring compressor (Sealy), large metal bench with drawers and vice, waste oil drainer (Sealey),
Front office (3.6m x 3.4m) comprising: sales counter with covid protection screens, desk, 4 chairs, cash register and 3 filing cabinets.
Office & kitchenette with kitchen cabinet, kettle, desk, chair and printer.
W/C with wash basin.

First Floor
Storage area (5.1m x 2.5m).

External
Car parking for (14) vehicles

EPC Rating ?