Freehold Mot Garage And Car Sales | | Undisclosed Suffolk | | SUFFOLK FREEHOLD MOT GARAGE AND CAR SALES High visible location in residential area Multi stream income incl repairs, servicing, mot & car sales circa 30 class 4 MOT pw & 60 cars sold pa A/T: £394,836 GP: £255,920 NP: £50,778 Scope for Class 7 & motorbike MoT;s F/H: £480,000 +SAV OR L/H: £160,000 +SAV REF: 1100IP | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 64965
ADVERT IMPRESSIONS : 27,346 TIME(S) | | | | BUSINESS SECTOR: | Motor & Transport | | TRADE TYPE: | Mot Services | | SALE: | Agent Sale | FREEHOLD: | £480000 | LEASEHOLD: | £160000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | LOCATION
The garage has an excellent high visibility location in the centre of a popular and busy residential area in a major town in Suffolk
HISTORY
This is an exceptionally well established garage which was originally founded in 1955 by the vendors father. His son took over the business in 1971
REASON FOR SALE
The garage is only now being reluctantly offered for sale as the vendor wishes to retire
PRODUCTS / SERVICES
This is a multi income stream garage which includes:
Car sales currently approximately 60 cars a year are sold with an average margin of circa £750 per vehicle. There is parking on site for around 15 cars for sale
Class 4 MOTs approximately 30 per week are completed, of which circa 60% are retail clients and 40% trade. Retail are charged at £45 each and trade at £38 each
Repairs, servicing, welding, tyres, wheel balancing, exhausts and shock absorbers
CUSTOMERS
Strong and loyal customer base which has been built up over many years
Predominantly private individuals, circa 80%, and smaller garages with no MOT facilities
STAFF
3 full time employees, all of whom are approved MOT testers
A part time book keeper who works 1 day per week
The vendor is prepared to work with a new owner to ensure a smooth transition and to give the necessary introductions to both staff and clients
TRADING HOURS
Weekdays 8am to 6pm
Saturday 8.30am to 1pm
Sunday closed
FINANCIALS
2011 2010
Sales £394,836 £418,887
Gross £255,920 £251,055
Net £50,778 £44,967
Tyre sales £2,500
Car Sales £30,000
PREMISES
Detached single storey premises set in the heart of a popular residential area and which briefly comprises:
Gated entry from the pavement into the large car park which can accommodate approximately 15 cars for sale, plus extra spaces for MOT and repair clients
Garage itself set in the bottom corner of the plot, 2 off double sliding doors giving entry onto 2 facing ramps
Side electric roller shutter door allowing entry to the MOT bay with 4 poster ramp
Corner office with mezzanine storage above
W/C, kitchen area, drinks machine, outside shed storage
The premises benefits from double glazing, being alarmed and with a 4 camera CCTV system
SCOPE
Registering to carry out class 7 MOTs and motorbike MOTs
Advertise as virtually none is carried out at the moment
The site is ideal for residential development purposes
EQUIPMENT
1 x 4 poster ramp with full MOT bay
1 x 4 poster ramp
1 x 2 poster ramp
Wheel balancer
Tyre changer
Compressor
Gas analyser both petrol and diesel
Diagnostic equipment
Space heater
Engine crane
Portable engine hoist
STRENGTHS
An exceptionally well established business which has been trading for over 56 years
Many different income streams which include: Car sales, MOTs, repairs, servicing, tyres, exhausts, welding, etc
Strong and loyal customer base built up over many years of trading
Excellent annual sales of circa £400,000 which is being achieved consistently and is currently producing net profits in the region of £51,000 pa
The vendor informs us there is planning permission in place for 2 three bed detached houses and 2 semi detached two bed bungalows
TENURE
Leasehold / Freehold
Original Lease: 9 years
Lease remaining: 9 years
Review every: 3 years
Rent: £20,000 per annum
Rates: £500 per annum
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: | 1100IP / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
