Garages for sale in Mansfield

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Established MOT Garage - Mansfield

Mansfield, Nottinghamshire, England

  • Leasehold Price: £94,995
  • Annual Turnover: £124,450
  • Annual Gross Profit: £81,529
  • Annual Net Profit: £25,000
Seller Reference: 6959
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Business Description
 
 
 
 
 
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Seller Reference: 6959
Request Details
Business Description
Industrial Estate Trading Position
Close To Town Centre
Annual Turnover £124,450
Gross Profit £81,529
Further Financial Info Available After Viewing
New Lease To Be Negotiate
Free Parking
Established 1994
Retirement Sale
Well Linked By M1
Loyal, Repeat Customer Base
Scope For Longer Opening Hours
REF 6959 – Leasehold MOT Garage

Blacks Brokers are pleased to bring to the market this leasehold MOT garage located within a busy trading estate which is close to the town centre in Shirebrook, Mansfield.

INTRODUCTION

The business was established by our client in 1994 to meet local demand for a trustworthy and reliable MOT centre. The garage is very well known and has a strong base of regular customers in place as well as benefitting from a good amount of passing trade due to this excellent trading position close to many other large transport businesses. Our client has ensured the business has an excellent reputation and superb reviews are noted on Google. The business name "Lyndon Transport Co Ltd" will not be included in the sale and a new owner will have to source a new trading name.

LOCATION

The business occupies a prime trading position within a busy industrial estate which is also home to large multiples such as Sports Direct as well as smaller, independent companies. Parking for up to seven vehicles is available immediately outside the unit. The industrial estate is just a short distance from the town centre. This area is well linked by the M1 and A60 and also has strong public transport links.

REASON FOR SALE

The business is ideally suited to a hands-on owner-operator but due to retirement, the business is offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level.

LEASE

A new lease will be fully negotiated with our client. This will run at a cost of £346 per week.

BUILDING LAYOUT AND DESIGN

The business operates from a single storey, purpose built industrial unit. The business has large branding and signage on display – please note this will need to be changed as the business name is not included in this sale. Inside, there are two workshop areas, toilet facilities and a main office. The business is fully equipped and fitted with MOT station, two ramps, diagnostic machine, rolling road and much more. A full inventory is available upon request. All areas are presented well.

STAFF

The business operates with one full time member of staff supporting our client and partner working on a full time basis.

FINANCIAL DETAILS

The business has traded solidly since opening and our client has established a strong customer base. We are advised that the business currently has annual turnover of £137,000 with gross profits of £123,300. Full financial information is available upon request.

BUSINESS RATES

The business currently benefits from Small Business Rates Relief. Purchasers should enquire with relevant local authorities to confirm the rates payable.

SUMMARY

This is a long established business with a superb reputation and large customer base. There is plenty of scope to develop the business further with the introduction of longer opening and the recruitment of more staff to allow the new owner to accept additional workstream. A strong marketing drive could also be beneficial. It is to be stressed that the name "Lyndon Transport Co Ltd" will not be included in the sale and a new owner will have to source a new trading name.This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised. Fixtures:
MOT Bay & All Equipment

Analysers

Ramp x 2

Diesel & Gas Analyser With Qualified MOT Tester

Tyre Machine

Compressor
Trading hours:
MON - FRI: 09:00 - 17:00
SAT: 09:00 - 11:00
SUN: CLOSED
Tenure:
Leasehold
Location Details:
Mansfield
Leasehold Term:
£346 Per Week
Listed by:
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