REDUCED MOT/SERVICE/REPAIR CENTRE – CARDIFF
Price:
Leasehold - £325,000
Business Type:
Commercial Property, Motor & Transport Businesses for Sale
The particular highlights of the business are:
• Well established business with huge opportunity for development and/or alternative uses.
• Excellent commercial location.
• Long secure lease.
• Very extensive and well equipped industrial workshops.
• Established within the local business and private community.
• Repeat business levels.
• The site has achieved turnover figures in excess of £800,000 p.a.
• Very large flat concrete yard ideal for alternative products and services.
History
Phoenix Business Transfer Agents are delighted to place onto the market this vehicle MOT, service and repair centre within South Wales. The business has been on this site in the hands of the current owner for over 8-years. The owners now wish to sell the business for retirement.
Services
The business is a vehicle MOT, Service and Repair centre. In previous years, due to the large site, the business has also been involved in retailing used vehicles, and has recently introduced the valeting service. The MOT centre provides MOT’s for Class IV and VII for most private and light commercial vehicles. In addition the extensive well equipped workshops offer mechanical and engine repair/service. The vehicle body repair centre was historically operated by the current owner and has enjoyed very high levels of business volume. The body repair centre is fully equipped with two ovens etc..and is currently being sub-let on very flexible terms.
The site/centre is perfectly located and equipped for vehicle sales and has historically enjoyed very high levels of vehicle resales.
Staffing
The concern currently employs 3 full time MOT trained technicians/mechanics, and 1 part time MOT technician/mechanic.
Owners Role
The owners’ role is very much full-time and hands-on, working full-time within the business.
Marketing
There is very little active marketing of the business, as most of the business is derived from repeat clients and referral. The business has produced leaflets which are handed to all clients, and also has invested heavily in the past with Yellow Pages.
Competition
The business is located in a commercially thriving area of Cardiff, and therefore has local competition within the area.
Market
The business is well established within the local area and has generated high levels of repeat clients.
Opportunities
The concern has potential. In particular the turnover and profits can be increased by:
• Reintroduce vehicle sales.
• Reintroduce the vehicle repair facility (previously enjoyed turnover in excess of £25,000 per month).
• Extend the opening and trading hours.
• Increase the marketing campaigns and highlight the services provided at the centre.
• Improve the signage.
• Develop the vehicle valeting service.
• To completely redevelop the 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 business is accessed from the main Newport Road into Cardiff. The site is extensive and has parking for at least 50-vehicles. The site office located centrally on the site, with CCTV installed. To the rear of the site are the very well equipped MOT and repair bays. The bays house three fixed ramps and one free wheel ramp. There are two rolling roads and MOT inspection areas. All the necessary MOT systems are in place. The site is licensed for three MOT bays, only two are currently being utilized. To the right of this building is an extensive vehicle repair facility. It houses two large low bake ovens, mixing room, preparation areas, etc..
There is also 1 large internal office and toilets for customers and staff use.
Equipment with sale
All fixtures, fittings and equipment are included within the sale price. An itinerary will be made available.
Financial Details
The present turnover is in excess of £420,000 per annum with a strong gross profits, and net profit of approximately £60,000. The business has enjoyed far greater turnover and profits in previous years, with the reduction due to lifestyle changes of the present owner. Full financial disclosure is available on request after viewings and the signing of a confidentiality agreement.
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.
• Main A Road location with Major South Wales City.
• Exceptionally high levels of passing trade.
• Easy access to central town and main motorway network.
• Easy access with wide forecourt area.
• Within large South Wales City.
• The City has extensive facilities for example excellent schooling, leisure facilities, pubs, restaurants, etc..
• The City is renowned for being affluent and vibrant.
• Excellent all round access and security.
The original length of the lease was 20-years with 13-years remaining. The current rent is £20,000 pa.
Monday to Saturday – 08.00 to 18.00 hrs.
Sunday – closed.
North Yorkshire
£ 750,000
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