Business for Sale in England: East Sussex - QUICK SALE REQUIRED: MODERN, WELL-EQUIPPED GARAGE IN EAST SUSSEX - Leasehold: £50,000 (Offers in the region of)

Key Information

Ref
P34497T
Type
Motor & Transport Businesses: Garages
Location
England: East Sussex
Tenure
Leasehold
Status
For Sale
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*Due to unforeseen personal circumstances, a quick sale of this business is required and the vendors are willing to consider offers in the region of £50,000. This is an outstanding opportunity to purchase a modern well-equipped garage at a very attractive price. However, buyers must in a position to proceed with the purchase of the business without delay.

Situated in a semi-rural but easily accessible location between Lewes and Eastbourne in East Sussex, this spacious garage was established in 2014 and has since shown a steady growth in turnover year on year. Along with all types of servicing, maintenance and repair work, the garage also generates an excellent income from used car sales. The most recent draft accounts show a total turnover of £1,163,665 (comprising servicing and repairs: £228,761 and used car sales: £934,904).

The garage is available for sale complete with a range of high-quality workshop equipment, and a provisional inventory of contents is available on request. Also, for administration and customer enquiries, there is an impressive new on-site office which was constructed and equipped in 2019 at a cost of approximately £50,000.

Over the last 7 years, the business has built an excellent reputation as reflected in many positive online reviews. The trading name is included in the sale along with a professional and well-maintained website. This is a very busy garage and new owners could simply take over and start earning from day one. With further investment, there is also the potential to add MOT testing facilities to accelerate future growth of the business.

We are informed that the premises are currently held on an annually renewable licence at a rent of approximately £1,350 per month. We understand that the landlord is willing to continue with this arrangement or to offer a longer-term lease according to the wishes of the new owners.

Please note that there is no obligation for the buyer of the garage to continue with used car sales, i.e. there will be no requirement to purchase the current stock of used cars on completion of the sale. The vendors will remove the vehicles and sell independently if so required. The vendors are also willing to offer help and support during a handover period to ensure a smooth transition following the sale of the business.

For further information, please email sussex@emfgroup.com or call Mark Jameson on: 01273 803777.

Offers invited in the region of £50,000.

Ref: P34497T

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