We are pleased to place on to the market this very well established business which is situated in Downton Business Park. There is a lot of business from the estate as well as Salisbury and surrounding areas. There is a new housing estate being completed locally which will add an extra 83 households.
This business was established initially in 1973 by the present Owners who now wish to retire. The business provides class 4 MOT’s as well as light commercial repairs and they repair all types of cars. Servicing and repairs, diagnostics, air conditioning are all undertaken at a charging rate of £55 per hour. They also do breakdowns and recovery. They used to have agencies with the motoring clubs.
4 staff are employed which includes 2 mechanics and 2 office staff. All of the mechanics are qualified MOT testers and the 2 directors are both full time hands on. The Owners would be happy to stay on in the business if required and they are looking for an exit strategy. There is not much competition in the area apart from small operations which specialise and the only marketing done is parish magazines which works quite well. There are 6 sign written vehicles.
The property valuation is in the region of £250,000.
The Owners are willing to offer a handover period and an observation period if required.
The annual turnover is £400,000 with an EBITDA of around £80,000. Last year the EBITDA was £120,000 on a turnover of £456,000 and has been so in previous years. The latest dip in profit was due to staffing issues.
The property is valued at £250,000 freehold and consists of approximately a 2,000 sq ft unit with 3 ramps and an MOT bay. There is a reception area and offices upstairs. There are 40 -50 parking spaces with the property.
The property is freehold.
Price: £495,000 plus sav
These details do not constitute part of an offer or contract. The statements and descriptions given are made without warranties by Enthuse Transformations Ltd (Trading as ETS Corporate). The information contained herein has not been verified by Enthuse Transformations Ltd; complaints regarding the accuracy of the information contained herein will not be acknowledged. Purchasers should in all cases undertake financial due diligence using their own professional advisors before committing themselves in contract rather than relying on illustrations, figures and information given on behalf of the seller. Furthermore, any representations made by any representative of Enthuse Transformations Ltd regarding this business are subject to verification and should be independently corroborated.
We are pleased to place onto the market this very well established business which is situated in Downton Business Park. There is a lot of business from the estate as well as Salisbury and surrounding areas. There is a new housing estate being completed locally which will add an extra 83 households.
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