LEASEHOLD MOT AND REPAIR STATION, WOLVERHAMPTON
Price:
Leasehold - £275,000
Location:
West Midlands , Wolverhampton
Business Type:
Motor & Transport Businesses for Sale
The particular highlights of the business are:
- Extremely well managed and efficient MOT station
- High levels of repeat clientele and new business
- Advanced secure pre-booked orders
- Fully equipped business with favorable lease terms
- Turnover in excess of £100,000, with huge growth potential
- An extremely large and secure site offering space for additional products and services
- An easily run and well managed operation
- Good loyal well trained staff
- An excellent bolt on business or one for someone requiring development into an MOT station
History
Phoenix Business Transfer Agents are delighted to place onto the market an outstanding MOT and Repair station that was established in 2005 by the present owner. The owner has developed a very lucrative business and now wishes to focus on other business activities.
Services
The business operates mainly as an MOT station providing Class 4, class 5L, class 7 car and commercial vehicle MOT’s. The business manages mechanical repairs when identified.
Staffing
The business employs 3 members of staff with varied levels of experience in varying roles. There is 1 full time MOT Tester/Mechanic, 1 part time MOT Tester/Mechanic, 1 apprentice.
Owners Role
The owners’ role is very much regarded as hand-on managing all the day to day duties of the business.
Marketing
The business does have a web site but generates the majority of the work through repeat clients and word of mouth.
Competition
As far as competition is concerned there are other MOT stations within the Wolverhampton area.
Market
The client base consists of local business generated from repeat businesses and the general public.
Opportunities
The potential of the business is enormous and the site requires viewing to appreciate the scope, as follows;
• Increasing the marketing activity with direct mailings and local and internet advertising.
• Increasing the opening hours to include longer weekly hours and extend weekend trading hours.
• There is more than enough space to increase the number of MOT’s conducted.
• There is huge potential to offer more mechanic repair.
• The business has the space and capacity to extend the service offering into body work.
• The site is large enough and prominent enough to offer car and commercial vehicle sales.
• Onsite servicing and vehicle checks could be offered.
• Offer vehicle valeting.
• We are informed that the site owner would consider developing another large purpose built unit on site.
Training and Handover
The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The Owner would also be happy for an on the job observation period to assess the business prior to offers being made.
Property Details
The property is a very large industrial building in the centre of a very large secure tarmac/concrete yard. The yard is surrounded by a recently installed security fence. The industrial unit is large light and functional, with 1x 5-tonne ramp, 1x 3.3-tonne ramp, 3x 3-tonne lift. The unit incorporates a reception area and viewing area, a trade counter, a private office, staff rest room, client and staff toilets. The property is well maintained and very presentable.
Equipment with sale
All fixtures and fittings and equipment are included in the sale price.
Financial Details
The present turnover is £102,000 per year with a gross profit of £101,000 and a net profit of £36,000. Accounts are available for inspection.
Please note Phoenix do not guarantee the accuracy of these figures which are in many cases estimated and are not verified. Please do not rely on the accuracy of these figures and seek professional help before making any offers. Phoenix will not be held liable for any inaccuracies in these figures or any other statements contained in relation to this business.
- Situated centrally in Wolverhampton
- Prominent through road location
- Within densely populated residential and industrial area
- Very well regarded locally
- High levels of passing trade
- Good volumes of traffic and pedestrian flow
- Well linked to local businesses
The original length of the lease was 10 years with 5 years remaining. The rent is £14,000 pa with a review in 5 years. The lease may be renewable or negotiable for longer term if required. The rates are £6,000 pa.
Monday to Friday 09.00 17.30 hrs
Saturday 09.00 – 14.00 hrs
UK Non-Specific
£ 800,000
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