Freehold MOT Station and Garage For Sale
Business for sale
Asking Price:
£415,000
Turnover:
£287,352
Annual profit:
£95,000
Audited accounts:
Yes
Management accounts:
Yes
Business description
Advent Business Sales is pleased to offer to the market this extremely well established independent Freehold Garage and MOT station, which has been trading successfully for over 23 years.Originally founded by our vendor, the business is now being reluctantly offered for sale as he now wishes to plan for his retirement.
The station carries out approximately 25 class 4 MOT’s a week, as well as general repairs, diagnostics, tyres, exhausts, batteries, shock absorbers and car and van hire.
There is considerable repeat business from its loyal customer base which is aided by an active MOT and service reminder system with the garage able to accommodate any make and any model of car.
We have site to the latest accounts to May 2007, which show annual sales of £287,359 (£314,516 for 2006) and a gross profit of £123,010 (£118,725 for 2006).
The garage is very well equipped for purpose and includes:
- 1 x 4 poster ramp
- 2 x 2 poster ramps
- 1 x 1 poster ramp
- Tyre balancer, changer and repair kit
- 2 x diagnostic computers
- 2 x gas analysers
- Press
- Mig welder
- Smoke meter
- Fuel injector
- Test equipment
- Hydraulic suspension pump
- Engine oil dispensing system
Full length pit and much, much more.
General Information
Employees:The business employs three full time mechanics as well as a full time apprentice and a full time office manager. Two of the mechanics are fully qualified to carry out MOT’s.
Trading hours:Mon – Fri: 8.30am – 5.00pm, Sat: 8.30am – 1.00pm
Property:Freehold
Lease terms:TENURE: Freehold We are advised that the annual business rates are currently: £6,300 P.A.
Living accomodation:The property briefly consists of: - A spacious workshop of approximately 2000 square feet with 3 service/repair bays and an MOT bay. - A separate tyre room for changing, repairs and balancing. - Waste oil tank, storage tank and compressor shop. - Kitchen with staff room and wc. - Separate offices with customer seating and MOT viewing area - Two offices, small stores and wc. - External parking for approximately 20 cars.
Location:Our client is ideally located in a charming and very desirable town in Gloucestershire. The garage is just off the town centre with excellent parking facilities attached to the garage for approximately 20 cars.
The town is situated in the Severn Vale with a well developed road and rail network with the M5 providing good links to Birmingham, Bristol and the West Country.
The A417/A419 links to the M4 giving access to London and the South East.
Expansion potential:The business offers excellent scope to increase both turnover and profits further by: 1. Advertising more – currently only using Yellow Pages 2. Doing motorbike MOT’s, as most garages do not carry these out 3. Expand the workshop – there is space available 4. Write to old customer who have not returned for MOT’s or servicing
Financing available:Please let us know if you require finance for the purchase of a business.
Employee details
Fulltime staff:
5
Parttime staff:
0
