Profitable Freehold Garage & MOT Business in Newcastle-Under-Lyme, Staffordshire
Newcastle under Lyme, Staffordshire
- Status
FOR SALE
- Date Submitted:
08/12/22
- Advert ID
504934
- Reference
ID2947 / Rightbiz
- Call Agent:
- Freehold: £380,000 (Stock at valuation)
- Turnover: £211,564 (£4,069 Per week)
- Net Profit: On request
Key Features
- Ideal for Full Refurbishment
- Attractive Business
- With Car Park
- Offers Invited
- Unique Business
- Established Business
- Accounts Available
Business Details
Freehold MOT And Motor Repairs Newcastle Under Lyme
Sovereign are delighted to bring to market this profitable freehold garage and MOT business. Located in Chesterton in the borough of Newcastle-Under-Lyme in Staffordshire the business is owner operated with the assistance of an apprentice mechanic.
The business has been established over 39 years and is in a prime residential area which is surrounded by commercial industrial estates. It has recently had installed a state of the art OPTL MOT bay. The MOT’s are booked through an online system which includes a website and the business is currently taking on 30 MOT’s a week.
The business trades Monday to Thursday 08.00 to 17.00 and Friday 08.00 to 16.00. The owner also owns the car park adjacent to the business. This offers vast scope for the car park to be used as a possibly car pitch or storage area. There is also the option to lease this area rather than purchase it and this can be negotiated with the owner. The car park if requred would be an additional £50,000.
With a healthy net turnover of £211,564.80 based on a 44 week trading period over 12 months. This fantastic business also benefits from zero business rates and is on the market for the freehold price of £380,000. Making this an opportunity not to be missed. Therefore viewing is highly recommended.
- Business ID:2947
- Turnover Circa £211,564 Per Annum
- Prime Residential Location
- Established For Over 39 Years
- Independent Business No Chain
- Vast Scope To Develop Business
- Fitted To High Standard Throughout
- Genuine Reason For Sale
Contact Agent
Listing Statistics
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Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
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Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
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Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
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Contact seller
Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
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