F/h Garage & Mot Station Notths | | Undisclosed Nottinghamshire | | F.H GARAGE & MOT STATION -Est 40 Yrs Located in an Ind Est -300M2 building MOT's a/c for approx 65% of t/o A/T: £200,000 GP: 79% c/m inc business fleets, 21 a/c & 1000 private c/m T/O on the increase - a Additional income from rental of 2 units @ £300 pw F/H: £350,000 +SAV REF: 9268NG | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 33330
ADVERT IMPRESSIONS : 52,543 TIME(S) | | | | BUSINESS SECTOR: | Motor & Transport | | TRADE TYPE: | Garages | | SALE: | Agent Sale | FREEHOLD: | £350,000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | LOCATION
Our clients garage and MOT station is conveniently located on a large industrial estate within a large complex of estates. It is on the outskirts of Nottingham and has excellent road links. The area is well known and well sign posted.
THE BUSINESS:
Advent Business Sales are pleased to offer to the market this extremely well established garage and MOT station, which has been trading successfully for the past 40 years.
The vendor has been in constant ownership since its inception and is reluctantly selling due to retirement plans.
This very well established business provides mechanical garage work and well attended MOT testing.
The MOT testing forms the back bone of the business, accounting for approx £120,000 - £140,000 of turnover each year. This actively brings in additional mechanical work either in preparation for the test or repairs found during the test.
The business has a loyal customer base, with a great deal of repeat trade or customers arriving via word of mouth.
The company looks after many local business fleets of vehicles and has in excess of 21 account customers. In addition to this they look after 500 1000 privately owned cars, whose owners regularly commute to work in the area.
The garage operates to very high standards of workmanship.
Additional income is derived from the renting out of 2 adjacent work units at £150 each per week. These have been in occupancy for at least the last 5 years. The total area for these 2 units is approx 100 m2.
REF: 9268NG
TRADING HOURS:
Mon-Fri: 8.00am 5.30pm
Sat:(MOTS only) 8.30am 12.30pm
STAFF DETAILS
The business is staffed by 4 full time employees plus the owner together with self employed mechanics as required.
EXPANSION POTENTIAL:
The turnover of this garage has increased from £139,000 to its present level of £200,000, which represents an annual increase of 14.628%. Demand in the area could extend this further, there is a case for looking at Saturday afternoons and even Sunday working.
FINANCIAL INFORMATION:
We have been advised by the vendor of the following:
Annual sales: £200,000
Gross Profit: 79%
Accounts will be made available to interested parties after a viewing has taken place.
Please let us know if you require finance for the purchase of a business.
BUSINESS PREMISES:
The business is housed in a purpose built stand alone brick built property with sliding doors at the front, leading to the large open front car park area.
Total area of the building is 300 m2, 100 m2 is rented out as previously mentioned.
The premises is divided into the following areas:
Large workshop
Reception office
Storeroom
Staff room and w/c
Storage area on mezzanine above the office block
External
The building occupies only a portion of a large site. The balance of which is used as a large car parking facility and extends to the outside roadway
Equipment includes
3 x vehicle lifts
3 x car jacks
1 x commercial jack
1 x rolling road break tester
1 x decelarmitre brake tester
1 x head lamp tester
2 x exhaust gas analyser
2 x exhaust smoke analysers
1 x fork lift truck
1 x recovery truck
Office computers and furniture
TENURE: Freehold
We are advised that the annual business rates are currently: £7,396 | | | | | | FOR SALE | | | | | REFERENCE: | 9268NG / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
