Profitable Mot Station And Garage | | Undisclosed Kent | | KENT PROFITABLE MOT STATION AND GARAGE Located in ind unit in central Kent Est & well respected services, repairs & Class 4 MoTs Official agent for Twisted performance products A/T: £127,000 Potential to expand volumes L/H: £99,950 +SAV REF: 1153ME | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 67319
ADVERT IMPRESSIONS : 26,727 TIME(S) | | | | BUSINESS SECTOR: | Motor & Transport | | TRADE TYPE: | Mot Services | | SALE: | Agent Sale | LEASEHOLD: | £99950 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | LOCATION
Trading from modern double industrial unit in central Kent
Ample off road parking for customers, staff and visitors and close to railway station
Densely populated location with good mix of commercial, retail and residential properties close by
HISTORY
Established as a garage business 25 years ago
Acquired by vendors in January 2005 with considerable improvements made
Expansion into adjacent unit with MoT bay installed
Reliable repeat customer base carefully nurtured
Business based upon service ethic
Ongoing programme of investment to ensure current legislative requirements are met
REASON FOR SALE
Vendor is seeking a garage business closer to his home
SERVICES
Class 4 MOTs
Servicing for most makes and models of car
Diagnostic work
Performance car modifications and upgrades
Engine rebuilds
Tyre replacement and fitting
Expertise in 4 x 4 work and imports
Mechanical repairs
Welding work undertaken
CUSTOMERS
Vast majority of customers now from repeat business
Personal customer base drawn from the immediate locality
Around 10 commercial clients and businesses now on the books
Loyal
Commuters from local railways station
SUPPLIERS
Consumables purchased from a variety of trade wholesalers
STAFF
2 vendors working full time within the business
Part time administrative support from family member
TRADING HOURS
Monday to Friday 8.30am to 5.30pm
Saturday 8.30am to 12 Noon
Sunday closed
FINANCIALS
Turnover
2011 £127,018
Gross profit margin 50%
Labour rate charged at £42.50 per hour
MoTs charged at £45 (average 3 per day)
Stock holding approximately £2,000
Adjusted net profit £32,000 per annum
OVERHEADS
Rent £17,040 pa
Rates £6,390 pa
PREMISES AND EQUIPMENT
A modern garage and MOT facility, comprising briefly:
o Parking to front for 6 to 8 vehicles
o WC
o Kitchen
o Office
o Main workshop with class 4 MoT bay
o Mezzanine floor with storage
o Adjacent workshop
Equipment comprises briefly:
o 1 x 2 post ramps
o MoT bay with 4 post ramp
o Tyre changer
o Tyre balancer
o Welding equipment
o Sundry tooling
o Compressor
STRENGTHS
Enviable local reputation established over many years
MoT station now a well known local landmark
Consistent financial performance
Sizeable personal and commercial customer base, fully computerised
High repeat rate
Fully equipped modern workshop
Website with MoT booking facility
Excellent VOSA rating in the upper quartile green area
Substantial quantity of equipment included within consideration price
Extremely low overheads make this an excellent business for working owners
SCOPE
Considerable scope for business development with advertising and marketing limited at present
Focus on additional commercial contracts
Utilisation of capacity within MoT bays (capacity of 8 per day)
Increase in labour rates
Ideal acquisition for a family
Introduction of specialist or additional services
TENURE
Informally rented with lease available
Rent £17,040 per annum
Rates £6,390 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: | 1153ME / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
