MOT Garages for sale in Willenhall

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David Binder (Nov 2017)
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Leasehold Price: £120,000 Annual Turnover: £254,000 Gross Profit: £98,000 Annual Net Profit: £50,000
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Business Description
Annual Turnover £254,000
Gross Profit £98,000
New Lease Offered
Numerous Corporate Customers
Additional Space Available to Expand
Registered for Class IV, V & VII MOT
Retirement Sale
EPC - D
REF 6272 – Leasehold Commercial MOT & Vehicle Workshop With Additional Units

Blacks Brokers are pleased to bring to the market this leasehold commercial MOT & vehicle workshop with two additional vacant units located in a busy commercial area of Willenhall, West Midlands.

INTRODUCTION

Bargain Vans Ltd has been trading on Watery Lane since 2011. Our client has owned this land for some time and purpose built three industrial units to house this business. Bargain Vans Ltd currently occupies one of the three units and the other two are vacant. All three units are included in the lease of this business and offer huge scope for expansion or new income streams from sub-lets. The business offers a range of services for commercial vehicles and is registered for class IV, V and VII MOTs. It has a large, diverse range of customers from private owners to commercial contracts with large companies such as main dealers and fleet contracts. Most custom is generated through word of mouth and recommendation as the business has a superb reputation.

LOCATION

The business is located on Watery Lane – this is a main route from Willenhall to Bentley Bridge and the business occupies a main road position. This area is mainly industrial with good access to the M6 motorway, plentiful parking is available immediately outside each unit.

REASON FOR SALE

Our client offers this business for sale due to retirement.

LEASE

A new lease will be offered by our client with this business sale. As mentioned above, the lease will include all three commercial units which have a B1/B2 licence in place. The lease will run for ten years with reviews every three years at a cost of £480 per week.

BUILDING LAYOUT AND DESIGN

Bargain Vans Ltd operates from one, large industrial unit which comprises of workshop area, reception, staff room and toilets. The workshop is fully-equipped with two, four post/five ton ramps, a two post/three ton ramp, compressor, tyre changer, balancer, diagnostic equipment and much more.
The additional two units have open plan workshop areas. All three are modular and constructed with tubular frames and metal cladding and each has fitted roller door to the front.

STAFF

The business is operating with our client working on a full-time basis supported by three members of full time staff – this includes one apprentice.

FINANCIAL DETAILS

Bargain Vans Ltd has traded solidly since opening. The business generates an annual turnover of £254,000 with gross profits of £98,000. Full financial details are available upon viewing.

SUMMARY

This leasehold proposition offers a range of income opportunities for a new owner and the units could accommodate a variety of businesses. There is plenty of scope to develop the existing business further with the introduction of advertisements and an online presence – all custom has been previously generated through word of mouth. This business would ideally suit a new owner-operator looking for an instant client base, potentially another similar business looking for instant expansion. Early viewings are strongly advised. Fixtures:
2 x 4 Post ramps, 5 ton

1 x 2 Post ramp 3 ton

Compressor

Mig welder

Tyre changer

Balancer

Wheel alignment

Diagnostic equipment x6
Trading Hours:
Mon - Fri - 7am - 6pm
Sat - 7am - 4pm
Sun - By Appointment

Tenure: Leasehold

Location Details: Willenhall

Leasehold Term: Rent: £480 Per Week For All 3 Units

Listed by: Blacks Business Brokers Limited

Find out more about this business opportunity.

 
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6272
Seller Reference:
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