Freehold Established Mot Garage And Car Sales With Potential | | Undisclosed Lincolnshire | | LINCOLNSHIRE FREEHOLD ESTABLISHED MOT GARAGE & CAR SALES WITH POTENTIAL Prominent village location on under 1acre site MOTs services & Repairs & second hand car sales A/T: £200,000 GP: 60% Scope to build a house to the rear F/H: £625,000 +SAV REF: 9703LN | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 51071
ADVERT IMPRESSIONS : 27,227 TIME(S) | | | | BUSINESS SECTOR: | Motor & Transport | | TRADE TYPE: | Mot Services | | SALE: | Agent Sale | FREEHOLD: | £625,000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | LOCATION
Highly prominent position in a traditional Lincolnshire village. Very large site with glass fronted car sales showroom. Main road site, plenty of on road car parking. The village is central to many small satellite villages surrounding it.
THE BUSINESS
• The origins of the garage go back in excess of 70 years.
• Excellent reputation developed over the years
• Prestigious and reliable customer base.
• Has been in the capable hand of our client for the past 3½ years.
REASON FOR SALE
• The vendor is suffering with ill health, which forces early retirement plans.
PRODUCTS AND SERVICES
• Successful second hand car sales
• The business provides circa 5 MOTs a day
• Full mechanical work offered
• Problem diagnostics and engine tuning
• Body work repairs (mostly sent out)
CUSTOMERS
• Many local customers up to 20 mile radius
• Most customers are regular and returning clients
STAFF DETAILS
• Owner full time
• Two full time mechanics
• One part time secretary
FINANCIAL INFORMATION
Turnover circa £200,000 pa
Gross profits 60%
Equipment value £ 80,000
TRADING HOURS
• Mon to Sat: 8.30am to 5.30pm
PREMISES
• The whole of the showroom and workshops are single story.
• Spacious frontage
• Car show room
• Office / wc and MOT workshop
• Second workshop
• Spacious drive at left hand of building leading to a large un-developed area at the rear of the property
• The whole site is just under one acre in size
EQUIPMENT
Workshop 1
• Fully fitted for MOT’s including:
• Rolling road
• Diagnostics
• Hydraulic ramp
• Compressor and beam testing equipment for headlights
• Exhaust tester
• ATL test lane
Workshop 2:
• 2 hydraulic ramps
STRENGTHS
• Excellent reputation in area
• Consistent profitability
• Superb central village location
• Constant MOT’s
• Customers usually all returning
• Offering complete car repair facilities
• Extremely well established garage, member of good garage scheme.com
• Has recently landed a contract with a bus company for maintenance.
SCOPE
• The area at the rear of the garage is large enough to build a substantial detached home for the owner.
• The present vendor has had this in mind but illness has prevented its execution.
TENURE: Freehold
We are advised that the annual business rates are currently: £6,003
DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967). | | | | | | FOR SALE | | | | | REFERENCE: | 9703LN / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
