Freehold Profitable Mot Garage With Three Bed House | | Undisclosed Lincolnshire | | LINCOLNSHIRE FREEHOLD PROFITABLE MOT GARAGE WITH THREE BED HOUSE Main road location in large village repairs, tyre replacement & second hand car sales MOTs for Classes 4, 5b and 6 A/T: £188,500 GP: 61.3% ADJ NP: £59,600 Superb 3 bed house F/H: £475,000 | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 52599
ADVERT IMPRESSIONS : 30,749 TIME(S) | | | | BUSINESS SECTOR: | Motor & Transport | | TRADE TYPE: | Mot Services | | SALE: | Agent Sale | FREEHOLD: | £475,000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | LOCATION
Located on a main road by village butchers and 2 pubs
Central to a large village with 2 schools
North Lincolnshire - Louth area
HISTORY
There has been a garage on this site for over 30 years.
The business has been in the caring hands of its present owners for 5 years.
REASON FOR SALE
Family reasons that require the owners to move back to the South coast force this genuine sale.
SERVICES
All mechanical work domestic vehicles as well as commercial
MOT classes 4 + 5b + 7 (approx 20 per week)
Tyre replacement and wheel balancing
Some bodywork / sub frame welding
Diagnostics
Garage issues 60 to 100 MOT reminders per month
Second hand car sales
CUSTOMERS
Data base of thousands of customers
Mainly local and up to a 5 mile radius
Many summer time visitors, due to caravan camp sites in the area
Elements of commercial work undertaken
STOCK
Minimal due to daily ordering.
Deliveries from main agents and Unipart.
STAFF
Two full time
2 part time
1 apprentice
TRADING HOURS
Mon to Fri: 8am to 6pm
Sat: 8am to 12pm
FINANCIALS
TURNOVER
2008 £186,182
2009 £188,552
Gross profit 32.54%
Reconstituted net £59,600
Plant & machinery £2,062
Note:
Turnover has been gradually increasing under the present owners
PREMISES
The garage is situated at the rear of the 3 bedroom house and comprises:
2 work shops on a 0.233 acre site. Both buildings are circa 300 sq mtrs in total
Building 1 houses the MOT facility and office mezzanine
Building 2 has a large pit and is extra tall for commercial vehicles
Equipment in garage:
2 post ramp and pit
4 post lift with MOT test set up
Rolling road
Diagnostics
Tyre machine and wheel balance
Wash units
Hoist and second pit
Two storey detached house:
Side lobby main door
Downstairs shower room and w/c
Large front room at present a play room
Very large lounge
Rear dining room with French windows to garden
Open plan kitchen beautifully fitted with breakfast bar
Second Floor:
2 double bedrooms with bay windows
1 single bedroom
Bathroom with w/c
External:
To the rear secure, fenced off garden and patio
Front garden, paved to roadway
Wide driveway to the right hand of the house leading to garage
STRENGTHS
Excellent local reputation returning customers
High turnover of MOTs
Flexible to attempt majority of jobs required
Domestic and commercial vehicle repairs
Beautiful 3 bed house for family
Fully equipped no immediate expense required
Climbing turnover over past years
SCOPE
Ideal family business for mature young fully trained mechanic with family village has 2 schools
TENURE: Freehold
We are advised that the annual business rates are currently: £1,405
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: | 9762LN / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
