MOT Garages for sale in Nottingham

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Established MOT Garage - Nottingham

Nottingham, Nottinghamshire, England

  • Leasehold Price: £119,000
Seller Reference: 7162
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Business Description
 
 
 
 
 
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Seller Reference: 7162
Request Details
Business Description
REF 7162 – Leasehold MOT Garage

Blacks Brokers are pleased to bring to the market this leasehold MOT garage located in Nottingham, Nottinghamshire.

INTRODUCTION

FastFit Autocentres was established by our client in 2018. The business opened in Jan 2019 and had a class 4 MOT Bay installed and was authorised in October 2019. ATS Euromaster operated the site before 1980. The business offers a range of servicing, MOT’s, tyre fitting and supply, brakes, exhausts and much more. It has become very well known in this area and has a strong base of regular customers in place as well as benefiting from a huge amount of passing trade due to this excellent trading position. Our client has ensured the business has an excellent reputation and superb reviews are noted online. FastFit Autocentres has a comprehensive website in place and they retained the ATS phone number.

LOCATION

FastFit Autocentres occupies a trading position within the bustling town centre of Long Eaton. The area is densely populated commercially with neighbouring businesses including independent retailers as well as large multiples such as banks, coffee shops and supermarkets. The area is well linked by the M1 with very strong public transport links and parking is available on site.

REASON FOR SALE

The business is ideally suited to a hands-on owner-operator but due to our client’s other business commitments being higher than anticipated, 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

The building is available on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial lease. The current lease is a six year lease which began in 2019 at a cost of £346 per week.

STAFF

The business operates with our client only in employment.

FINANCIAL DETAILS

FastFit Autocentres has traded solidly since opening and our client has established a strong repeat customer base. 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 reputable and long established business occupies an enviable trading position in a busy area of Nottingham. Our client has secured a strong customer base and exceptional reputation. There is plenty of scope to develop the business further with the introduction of new clutch and engine services and longer opening hours, possibly a collection and drop off service where appropriate. The business currently doesn't undertake Engine, Gearbox or Clutch work so there is huge scope to expand this. 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.
Trading hours:
MON - FRI: 8:30 - 17:00
SAT- 8:30 - 12:00
Tenure:
Leasehold
Is accommodation included?:
BUILDING LAYOUT AND DESIGN
FastFit Autocentres operates from a spacious single storey property on a busy road. The business has large branding and signage on display above the main pedestrian and vehicle entrance. Inside, there is a welcoming reception area with comfortable waiting area as well as a MOT managers office, large and fully equipped workshop with skylights, storage area, staff room and toilet facilities. All areas are well equipped and presented nicely.

Location Details:
Nottingham
Leasehold Term:
£346 Per Week Including VAT
Listed by:
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