BusinessHilton Smythe welcomes to the market this asset and goodwill sale.For over 60 years, his family run business trading as Magor Motors, offered a variety of vehicle repairs and services including class 4 MOT’s. Over the many years of successful trading the business has acquired a long standing client base.Most custom is from the locals that live in the area, with very little advertising required and thrived on word of mouth recommendations.A new site could be located within the same area or an offering of mobile servicing where possible. There are already many customers in the area that know the name Magor Motors.Magor Motors would be a perfect first-time purchase for a partnership looking to run a long-established business.
This is a fantastic opportunity that is not to be missed. Hilton Smythe highly advise early viewing to take in the full potential of the trade.LocationMagor Motors islocated in Magor, Caldicot, Monmouthshire, but due to personal circumstances the garage has had to shut, and the leasehold surrendered.
This is a business only sale which will consist of assets and goodwill.Premises
TenureAsset and Goodwill sale.HoursThe business operating hours would be to suit the owner. StaffN/AFinancial Profile
Equipment included in the sale: -
- Welding equipment –
- Meg & burning bottles
- Snap on
- Wheel balancer
- Tire change equipment
- 2x two poster ramp
- Four poster ramp
- Hand tools
Whilst trading Magor Motors generated an advised turnover of circa £285,000 as of the 2016 accounts, with a gross profit of 27%.