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SOLD OR WITHDRAWN FROM THE MARKET
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MOT Station & Garage Services In Nottinghamshire

Nottingham, Nottinghamshire
Leasehold Price:
£199,000
Status
SOLD / WITHDRAWN
Advert ID
230699
Reference
6544 / Rightbiz
    Established 1986

    Annual Turnover £235,155

    Gross Profit £124,441

    Detailed Financials Available Upon Viewing

    66% MOT & 34% Servicing

    Business Set Over 2 Units

    12 Parking Bays To Front

    100% Private, Non Trade Client Base

    EPC - D

Description:
REF 6544 – Leasehold MOT Station & Garage Services
Blacks Business Brokers are pleased to bring to the market this leasehold MOT station and garage services located on a popular industrial estate in Langley Mill, Nottingham.

INTRODUCTION
Godfrey Street Motors Ltd has been trading on Langley Mill Business Park since 2015 but has been established since 1986. Our client established the business to meet local demand for a reliable service centre in this area of Nottingham. The business has since grown into a very busy and well known MOT and servicing centre offering a range of services including MOT’s and diagnostics along with specialising in air conditioning, brakes, clutches, welding and tyre repair and maintenance. At present 66% of work is MOT’s (class 4) and 33% servicing. 100% of customers are private, non trade clients. The business has a most enviable reputation with good reviews noted on Google and Facebook.

LOCATION
Located on a light industrial estate in Langley Mill, north west of Nottingham the business is close to Langley Mill train station and the area is well linked by the A610. Parking is available to the front of the business for around twelve vehicles.

REASON FOR SALE
The business would be ideally suited to a hands-on owner-operator and is only available due to our client’s other business commitments being higher than anticipated. Therefore, the business is offered for sale and presents an excellent opportunity for a new owner-operator or team to take the business to the next level.

LEASE
The building is available on a competitive rent on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial property lease. The current is five years and began in 2015 at a cost of £538 per week. This is for two units used to house the full business.

BUILDING LAYOUT AND DESIGN
Godfrey Street Motors Ltd operates from two single storey light industrial units with high roller shutter doors. Unit 1 is an open plan unit of 472 square meters (5,080 square feet) with toilet facilities. This is mainly used for vehicle storage. Unit 2 is of equal total size of 475 square meters (5,080 square feet) with a reception area, office, kitchen and toilets. The office/reception area leads through to the main workshop which contains the MOT station and two ramps.

STAFF
The business is currently operating with our client working on a part time basis along with three full time members of staff in employment. The staff are all very experienced and reliable, they can offer continuity of success for a new owner.

FINANCIAL DETAILS
Godfrey Street Motors Ltd has traded solidly during the last 30+ years. We are advised that the business currently has annual turnover of £235,155 with gross profit of £125,441. Full financial details are available upon viewing.

BUSINESS RATES
The rateable value is £7,440. Purchasers should enquire with relevant local authorities to confirm the rates payable.

SUMMARY
This leasehold business is long established and well known. Our client has built up a superb reputation and large customer base. There is plenty of scope to develop the business further with the introduction of new opening hours, a marketing drive and a potential upgrade to class 7. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised.

Fixtures & Fittings:
1 MOT Station - 3 Years Old
1 x 4 Post Ramp
1 x 2 Post Ramp
Wheel Balancer
Type Remover
Boston Brake Testing System
Diagnostic Scanner
Compressor


Opening Hours:
Mon - Fri - 8am - 5pmSat - 8am - 12pmSun - Closed


Weekly Rent:
£538 Per Week For Both Units. Weekly Rent:
£538 Per Week For Both Units.
Listing Details
Leasehold Price: £199,000
Tenure: Leasehold
Location: Nottingham, Nottinghamshire
Sector: Commercial Properties, Mot Businesses
Financials
Annual Turnover: £235,155
Contact Agent
Telephone: Upgrade to view
Agent Name: Upgrade to view
Advert Reference: 6544 / Rightbiz
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