19-Year Established Auto Repair Business in Nottingham, Nottinghamshire Up for Sale, Expansion Potential
Nottingham, Nottinghamshire
- Status
FOR SALE
- Date Submitted:
17/08/23
- Advert ID
518333
- Reference
ID2997 / Rightbiz
- Call Agent:
- Leasehold: £84,950 (Stock at valuation)
- Turnover: £149,404 (£2,873 Per week)
- Net Profit: On request
Key Features
- Retirement Sale
- Established Business
- Prime Location
- High Turnover
- Accounts Available
- Fully Fitted
- Close to Local Amenities
- Attractive Business
Business Details
Auto Repair Business For Sale Nottingham
Sovereign is delighted to bring to the market this independent auto repair shop located in Nottingham that has been established for over 19 years.
The business is dedicated to providing top-quality repairs and maintenance services for all makes and models of vehicles.
They have a fantastic reputation locally and have an extensive blue chip customer base, they are committed to providing reliable and affordable services to their customers and offer competitive pricing, and they always strive to complete repairs on time.
The premises has 2 fully functional ramps, there is enough room to add a ramp or install an MOT bay should any new owner wish to do so, a full inventory of equipment will be provided at the appropriate time, and the workshop has plenty of room for expansion and also has onsite parking for 8 vehicles.
We strongly recommend that any seriously interested party make contact with us as soon as possible.
The turnover for the year ended March 2022 was £149,404 with a gross profit of £76,921 with an EBITDA of Circa £42,000 making this business an excellent investment.
Overall this is a sought after business with a long-established trading history and an enviable client base. Therefore viewing is highly recommended to appreciate the quality of this profitable concern.
- Established Car Repair Centre
- Scope to introduce MOT Testing Station
- Engine, Suspension & Transmission Repairs
- Brake Repairs, Welding and Tyre Replacements Excellent Customer Base
- Lots of Room for Expansion
Contact Agent
Listing Statistics
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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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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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