Business Hilton Smythe is delighted to introduce the market lrx Off Road. The business was originally founded by our client in 2014.
This fully equipped garage specialises in the repair and refurbishment of 4 X 4 vehicles including Defenders, Land Rovers, Discovery and off road racing vehicles. The business stocks an extensive range of second hand parts and engines with further revenue derived from the retail of accessories such as oils, cleaners, batteries and sealants.
Planning permission has recently been granted for a new mot bay.
As of the 2017 accounts the business reported a generous turnover of £49,000 with a gross profit at 63%. We believe the business has huge scope for growth. Currently our client has another full-time job and consequently cannot give the business the attention it needs to expand.
The retail side of the business could be one area a new owner develops. Certainly, the introduction of a website would be beneficial and introducing on-line sales of the products could prove profitable. The business already has a presence on Facebook, a great cheap way to advertise with regular updates and features. Attending racing events would be another great way to promote the business.
We would urge early viewing of this growing business venture, ideal perhaps for a mechanic with enthusiasm and drive to take the business to the next level.
Location lrx Off Road is located near the picturesque village of Newhaven in the heart of the Peak District in Derbyshire, surrounded by stunning countryside.
Easily accessible from the A5012 and A515, the business is located approximately 9 miles from Buxton. Nearby towns include Hartington, Alstonefield, Longnor, Bakewell and Matlock.
Premises Fully fitted workshop which is used for the servicing, repair and refurbishment of 4 x 4 vehicles. Ample racking and shelving.
To the rear of the garage is a spray booth which is currently not in use but could be potentially used for vehicle spraying.
There is a large frontage that can be used for car sales and there is also a large yard that is currently used for storage and dismantling.
Retail area with shelving at front of unit and office area.
Planning has been granted for an mot bay.
Tenure We are advised leasehold. The original lease length is 5 years with 5 years remaining. Rent is £960 per calendar month.
Hours The business opens Monday to Friday 9.00am – 5.00pm Saturday and Sunday closed
Staff The business is owner run and managed with the assistance of a part time Mechanic.
Financial Profile As of the 2017 accounts the business reported a generous turnover of £49,000 with a gross profit at 63%.
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