Business for sale

Business description

Advent Business Sales have been instructed to offer for sale this very desirable leasehold MOT station, Tyres and repairs business.

The business was started in 2000 by the current owner. It is only due to ill health that he is now reluctantly selling.

The business is now projecting a turnover for the current financial year of approximately £300,000 & achieving a gross profit of 70%

Our clients are in a very enviable position in that almost all of the MOT’s in the area arrive at their station. The general public account for 65%of the business while other garages & business trade account for 10% & 25% respectively.

This excellent position has been derived despite having virtually no external marketing & therefore offers the new owners plenty of scope to improve what is already an outstanding business.

Our client informs us that the business can easily be run on management, hence making it an ideal investment opportunity as well.

The vendor will be more than happy to assist in a handover period if required.

Option to purchase MOT bay alone £195,000 Leasehold + SAV
Rent £14,000 per annum

General Information

Trading hours:6 Days a Week
Property:Leasehold
Lease terms:TENURE: Leasehold Unit 1: EXISTING LEASE: 10 REMAINING: 7 REVIEW: 5 RENT: £13,000 per annum Unit 2: EXISTING LEASE: 10years REMAINING: 7years REVIEW: 5years RENT: £13,000 per annum Unit 3: EXISTNG LEASE: 10years REMAINING: 7years REVIEW: 5years RENT: £13,000 per annum

Living accomodation:BUSINESS PREMISES Unit 1 MOT BAY Brand new gas analyser and all MOT equipment UNIT 2 TYRE BAY Tyre racking 2 tyre machines Balancer UNIT 3 MECHANICAL BAY 2 ramps
Location:Our client is located within a small industrial estate in Bletchley in the modern town of Milton Keynes. There is plenty of off-street parking in the area.

The surrounding area consists of commercial properties.

Financing available:Please let us know if you require finance for the purchase of a business.