High Turnover Mot Garage With Potential | | Undisclosed Worcestershire | | WORCESTERSHIRE HIGH TURNOVER MOT GARAGE WITH POTENTIAL Located in commercial estate with complimentary businesses 60/40% retail/trade c/m A/T: £125,478 GP: £99,042 NP: £47,107 Circa 80% of t/o from Mot's Scope for Class 7 MoT's & extend out to next door L | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 60502
ADVERT IMPRESSIONS : 21,421 TIME(S) | | | | BUSINESS SECTOR: | Motor & Transport | | TRADE TYPE: | Mot Services | | SALE: | Agent Sale | LEASEHOLD: | £140000 | ANNUAL RENT: | £25000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | LOCATION
• The garage is ideally located on a small commercial estate of complementary businesses who all contribute in attracting customers to the area
• They include a petrol station, breakdown recovery business, Kwik Fit and a fish and chip shop
• Parking is free of charge on the estate and locally in side streets if required
HISTORY
• The business was originally founded over 20 years ago in 1991.
• The present vendors have owned the garage for over 4 years
REASON FOR SALE
• The business is only now being reluctantly offered for sale due to the ill health of one of the two vendors
SERVICES
• The garage has a very healthy MOT trade with circa 45 being completed each week, 60% of these are retail for which they charge £50 each, the other 40% are trade customers who they charge £40.
• Turnover from MOT’s only are in total circa £102,000 per annum
• They only carry out class 4 MOT’s
• They also carry out servicing with any make or model, repairs, exhaust, batteries and shock absorbers
• The current hourly rate charged is £35 plus VAT
CUSTOMERS
• All customers are within an approx 15 mile radius of the garage
• Sales are circa 60% retail and 40% trade
STAFF
• The garage has 3 full time employees in total including the 2 vendors
• It also has one part time employee who works 2 days a week and a part time tester who only works on an as-and-when required basis
TRADING HOURS
• Monday to Friday: 8am to 5.30pm
• Saturday: 8am to 1pm
FINANCIALS
Sales £125,478
Gross £ 99,042
Net £ 47,107
• Stock Holding: £500
PREMISES
• Single storey lock up premises which briefly comprise:
• Entry from own secured car park with 2 spaces into lobby area and reception
• Single office off with side w/c
• Entry into the workshop with fully equipped MOT bay, 3 x 2 poster ramps and 1 x 4 poster ramp, electrically operated roller shutter door into the workshop and over the foot entry door
• Heating is via gas mobile heater blowers
• The premises benefit from its own alarm system and with a 2 camera CCTV
• Other equipment other than that mentioned above includes:
• Diagnostic equipment, compressor, mig welder, engine hoist, 3 trolley jacks, air con re-gassing equipment
STRENGTHS
• An extremely well established business which has been trading for over 20 years
• A high base load turnover of circa £102,000 per annum just from doing MOT’s
• A very competitive hourly rate charged of only £35.00+VAT
• A low overhead business which should ensure consistent year on year profitability
• The vendors are prepared to work with a new owner to ensure a smooth transition
SCOPE
• Completing class 7 MOT’s, the garage has sufficient height to accommodate larger vehicles and also has the capacity
• Install new equipment to be able to carry out motorbike MOT’s. There is very little competition for this service
• The business could open longer on Saturdays
• The next door premises are currently empty and could easily be turned into a bodyshop to be run in conjunction with the existing business
• The garage should have its own web site with details of all its services on offer
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).
An Energy Performance Certificate will be made available upon request of further details where one is required for the business premises. | | | | | | FOR SALE | | | | | REFERENCE: | 9972B / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
