Business Hilton Smythe welcomes the opportunity to purchase Peter D Brown Motor Repairs, a well-known and respected name in the area which has been running since 1990. Our client is now looking forward to retirement.
Peter D Brown is a traditional garage specialising in the repair and maintenance of vehicles. The garage also takes on pre-mot work. Our client has been looking forward to retirement and therefore has been winding the business down over the last few years, this means there is scope for improvement by:
Applying for mot status Creating a website Creating a social media page Advertising locally Contacting local holiday parks, hotels and guest houses and leaving leaflets.
Hilton Smythe highly advise early viewing to avoid disappointment.
Location Peter D Brown Motor Repairs is located just outside of Skegness, Lincolnshire, on a trading estate surrounded by other similar businesses and a café. There is plenty of customer parking directly outside the premises and nearby.
The garage is located on the main A158 approximately a mile outside of Skegness.
Premises To the front of the garage is a forecourt giving parking for 4 vehicles.
The main workshop is entered by a sliding door and has:
3 Tonne 2 post ramp Work bench Compressor Engine crane Crypton tuner
There is further space for another ramp or mot area
There is a small office to one corner of the workshop and a communal toilet.
Tenure We are advised the business is being sold as a leasehold business opportunity.
The business currently has a rolling lease with an annual rent of £4680.
The landlord is very flexible about creating a new lease for the incoming buyer.
Hours The business opening hours:
Monday-Friday: 8.45 am - 5.00 pm Saturday & Sunday: Closed
The hours could be extended into the weekends to create a higher turnover
Staff The business is run and managed by our client.
Financial Profile Peter D Brown generated an advised turnover of £59,863 as of the 2015 accounts, with a gross profit of £33,117 and a net profit of £20,266. We are currently awaiting accounts for 2016 and 2017.
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