CONFIDENTIAL SALE
FOR SALE
17/02/24
606911
GR01-ABS / Rightbiz
Established Vehicle Repair & MOT Garage for sale. Car diagnostic, repair, and servicing for all types of cars and light vans, together with the supply and fitting of batteries, tyres, and exhausts. The MOT Testing Centre provides MOT services for Class 4 and Class 4a motor vehicles.
Location: Perthshire, Scotland
Asking Price: £420,000 including £120,000 of assets
Annual Turnover: £456,000 p.a. for last financial year
Profit: The pre-tax profit, before director drawings, consistently exceed £150,000 per annum
Key Strength:
· Loyal Repeated customer based.
· Long established business.
· Highly profitable.
· Retirement Sale.
· No local competition
Business profile:
The successful purchaser will acquire a successful highly profitable vehicle servicing, repair & MOT Garage, well established with a large client base. The business is a member of the Scottish Motor Trade Association.
The Business enjoys a loyal, varied and repeat customer base including the local Estate, the Scottish Government and Police Scotland. With no local competition, they are the only garage in the town and well respected.
There has never been a need to advertise, because there are more than enough customers. The business has a one-page website to provide Internet users with contact details.
The reason for the sale is the retirement of the owner of this successful business, who has never offered the business for sale previously.
This business is ideally located in an industrial estate on an A road, the well-established garage enjoys the benefit of a yard and lockable high gates, on an industrial Estate.
The garage is fitted with grills, closed circuit TV and a Redcare alarm system. The Business utilises Sage accounting and Autowork workshop software to run the administrative side of the business.
All services are connected Electricity, Mains Water, Sewerage, Broadband, Electricity and Telephone.
The business is known locally as being fully equipped, well presented, trustworthy, honest, reliable, and friendly.
Staffing: One full time motor technician
Customer Base: The Business enjoys a loyal, varied and repeat customer base including the local Estate and work for the Scottish Government and Police Scotland.
Competition: The Business faces no local competition as they are the only garage in the town and well respected
Property description: Well established garage with yard and lockable high gates, on a small industrial Estate.
Security. The property is fitted with a closed-circuit TV and a Redcare alarm system.
Services: Electricity, Mains Water, Sewerage, Broadband, Electricity and Telephone.
Opening Hours: Monday to Friday 8am until 5pm, there is a demand from customers for weekend opening and later closing.
Property: Leasehold premises.
Rates: £330 per annum
Length of lease: 19 years.
Opportunities for Growth and Expansion: The business does not open at weekends, and closes at 5.00pm each evening, should the successful purchaser wish, opening hours could be increased together with weekend opening to cope with the unsatisfied demand.
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.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
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.
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.
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.'.
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.
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
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.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
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.
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.
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.
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.'.
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.
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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