Profitable MoT Station And Garage
Price:
Leasehold - £99,950
Business Type:
Motor & Transport Businesses for Sale
HISTORY
• Established as a garage business 25 years ago
• Acquired by vendors in January 2005 with considerable improvements made
• Expansion into adjacent unit with MoT bay installed
• Reliable repeat customer base carefully nurtured
• Business based upon service ethic
• Ongoing programme of investment to ensure current legislative requirements are met
REASON FOR SALE
• Vendor is seeking a garage business closer to his home
SERVICES
• Class 4 MOTs
• Servicing for most makes and models of car
• Diagnostic work
• Performance car modifications and upgrades
• Engine rebuilds
• Tyre replacement and fitting
• Expertise in 4 x 4 work and imports
• Mechanical repairs
• Welding work undertaken
CUSTOMERS
• Vast majority of customers now from repeat business
• Personal customer base drawn from the immediate locality
• Around 10 commercial clients and businesses now on the books
• Loyal
• Commuters from local railways station
SUPPLIERS
• Consumables purchased from a variety of trade wholesalers
STRENGTHS
• Enviable local reputation established over many years
• MoT station now a well known local landmark
• Consistent financial performance
• Sizeable personal and commercial customer base, fully computerised
• High repeat rate
• Fully equipped modern workshop
• Website with MoT booking facility
• Excellent VOSA rating in the upper quartile “green” area
• Substantial quantity of equipment included within consideration price
• Extremely low overheads make this an excellent business for working owners
SCOPE
• Considerable scope for business development with advertising and marketing limited at present
• Focus on additional commercial contracts
• Utilisation of capacity within MoT bays (capacity of 8 per day)
• Increase in labour rates
• Ideal acquisition for a family
• Introduction of specialist or additional services
FINANCIALS
Turnover
2011 £127,018
• Gross profit margin 50%
• Labour rate charged at £42.50 per hour
• MoTs charged at £45 (average 3 per day)
• Stock holding approximately £2,000
• Adjusted net profit £32,000 per annum
DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967).
An Energy Performance Certificate will be made available upon request of further details where one is required for the business premises.
• Trading from modern double industrial unit in central Kent
• Ample off road parking for customers, staff and visitors and close to railway station
• Densely populated location with good mix of commercial, retail and residential properties close by
• Informally rented with lease available
• Rent £17,040 per annum
• Rates £6,390 per annum
• Monday to Friday 8.30am to 5.30pm
• Saturday 8.30am to 12 Noon
• Sunday closed
• A modern garage and MOT facility, comprising briefly:
o Parking to front for 6 to 8 vehicles
o WC
o Kitchen
o Office
o Main workshop with class 4 MoT bay
o Mezzanine floor with storage
o Adjacent workshop
• Equipment comprises briefly:
o 1 x 2 post ramps
o MoT bay with 4 post ramp
o Tyre changer
o Tyre balancer
o Welding equipment
o Sundry tooling
o Compressor
North Yorkshire
£ 750,000
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