Ref: GAT2157
Gator Business Sales are delighted to be able to offer for sale this outstanding business that is being sold together with its exceptional freehold commercial premises. Also included in the selling price is an adjacent 3 bedroom semi-detached residential property that is currently let on an AST.
Established and profitably trading since 2008, New Elms Classic is acknowledged as an industry leader for all things Morgan and Classic.
The business enjoys three income streams, those being the sale of classic cars, the service and repair of vehicles, together with the manufacturing and distribution of the Rutherford Engineering parts range.
Very loyal customer base, many of whom are “passionate” about the Morgan brand.
Experienced workshop technicians to transfer.
Well equipped throughout.
Consistently profitable, with a total benefit to the owners significantly in excess of £100,000 per annum.
Stock at Valuation (SAV) will be charged in addition to the purchase price.
New Elms Classic is being sold to facilitate our clients’ retirement plans. The owners, Tim and Chrissy Ayres, are very keen to ensure that the business continues to thrive post sale. As such, a comprehensive handover program will be available if required. It would obviously be advantageous for the new owners to have previous motor industry experience.
Property Details: Freehold, including the commercial premises and a 3 bedroom semi-detached cottage that is currently rented at £940 per month.
Asking Price: £800,000
Annual Turnover: £861,500
Trading Hours: The workshop and showroom are open Monday-Friday: 9.00am-5.30pm. Additionally, weekend appointments can be scheduled for car sales.
Employees: There are 3 workshop technicians who will transfer with the sale. Both of the current owners work full-time in the business.
Location: Ideally located on a busy A-road to the west of Shaftesbury, which ensures maximum visibility for the business.
Premises Details: The showroom and office area of the commercial premises was completely re-built approximately 4 years ago at significant expense. Together with the workshop and mezzanine, it provides a total area of 410 sq m/4,412 sq ft. The 3 bedroom semi-detached cottage is located to the side of the commercial premises.
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