Respected Motor Vehicle Services, Repairs & MOT Business

  • Price: £280,000
  • Annual Turnover: £357,000
Coventry, West Midlands, England
Seller Ref:BKP2311220
For Sale

Respected Motor Vehicle Services, Repairs & MOT Business

Coventry, West Midlands, England
Seller Ref:BKP2311220
  • Price: £280,000
  • Annual Turnover: £357,000

Overview

Seller Ref: BKP2311220

Description

The opportunity is to acquire two limited companies; one offering car garaging services and repairs, the other MOTs, as well as a valuable leased car parking space, available in one sale.

The car servicing and repairs garage has recently been rebranded and is based in a clean, refurbished unit. Containing three ramps, four cars can be worked on at a time, catering for all marques from VW to Porsche, and also electric and hybrid vehicles. 60% of trade comes from regular customers who form a substantial database of private owners and trade, such as small fleets of vans, coaches, lorries, and tractors. Turnover for the first year’s trade since the updating of the business reached over £357k (to August 2023).

The MOT garage is based in a separate neighbouring unit. It has three ramps and has been kitted out with brand-new equipment for MOT, wheel alignment, and AC work. The equipment cost £120k approximately. This element of the business sale is relatively new, with a lot of potential for growth. Turnover is expected to substantially increase to over £110k pa.

Across the units, there are five highly skilled technicians. Capacity is available to take on further staff.

To support the businesses, an additional car parking space is being leased. Being only 100 meters away it provides a useful facility to park 25 or so vehicles.

Operating 5 ½ days per week, trading is from 0800-1730 Monday to Friday and 0800-1330 Saturday.

This exciting opportunity has become available as the owners wish to develop other business interests.

SUMMARY

The sale of the businesses offers an excellent opportunity to purchase well-established and respected businesses within the sector, at a busy location, with scope to increase turnover

Is this business relocatable:
No
Is this business home based:
No
Is accommodation included:
No
Is stock included:
NA

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