Located on an industrial estate in Cannock, Staffordshire
Business to include all equipment and fixtures & fittings
Advised annual turnover of £106,600
Low annual rent of £5,076 plus VAT
Scope to do service and repair work
Regular and repeat business
Genuine reason for sale
Meridian Business Sales are delighted to offer to the market this well established diesel engine repair and rebuilds concern. The business has been established for 19 years when it was originally set up by our client. The only reason this excellent opportunity is being offered to the market is due to our client's ill health. The business generates its income from repairing diesel engines, diagnostic work and diesel engine rebuilds, albeit the rebuilds are a small part of the business now. They benefit from repeat business from a database which has been built over many years so there is no need to advertise for new business. Our client informs us that they have an annual turnover of £106,600 with a GP of £58,928 and a high net profit. This business is owner operated but calls upon the services of a mechanic that works on a self-employed basis. Since our client set the business up he has continually invested in high quality equipment, fixtures and fittings which are all bought and paid for and are included within the sale price which is a huge plus for a new owner as additional funds will not need to be spent for some time. We believe that there is further scope to increase turnover by doing normal service and repair work and advertising. Early viewing is highly recommended as this cannot be missed.
This superb diesel engine repairs and rebuilds concern is located on an industrial estate just off the A5 in Cannock, Staffordshire. It has excellent access to the main motorway networks being just 5 minutes from the M6 motorway and M6 toll road. Nearby Cannock chase is well known as an area of outstanding natural beauty. Cannock has a reasonably sized town centre which includes some well known high street names. It also has outdoor and indoor markets and a shopping centre, however some of Cannock's other shopping facilities are to be found in out of town locations such as Longford Island Retail Estate and the Orbital Retail Park.
Leasehold Term: Leasehold New lease available Rent: £5,076pa
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