High Turnover Car Repairs & MOT Garage for Sale in Bridgend
Undisclosed, Bridgend
- Status
FOR SALE
- Date Submitted:
03/04/19
- Advert ID
240602
- Reference
B05134 / Rightbiz
- Call Agent:
- Freehold: £374,995
- Turnover: £233,519 (£4,491 Per week)
- Net Profit: £30,699 (14% Profit margin)
Business Details
Busy Car Repairs & MOT garage
BusinessPlease quote reference B05134
Hilton Smythe are pleased to have been given the opportunity to manage the sale of MJ Autos which is a well-established business with a renowned reputation amongst local residents. This is a superb opportunity to take on a high turnover local business in an area teeming with customers.
MJ Autos was founded by the current owners nearly thirty years ago. The business has been a real labour of love for them and has flourished under their ownership and they have an impressive number of regular customers, many of whom are known on a first name basis by the owners who are popular and well respected members of the local community.
The business is now being sold, albeit reluctantly and with a heavy heart only due to the owners wish to take a well-earned retirement. They are keen to see their beloved business pass to an ambitious and entrepreneurial new owner who can take this already thriving business to the next level.
MJ Autos is an independent local garage serving Pencoed and the surrounding areas.
The business undertakes Servicing, Repairs and MOTs on all makes of car and offers a comprehensive range of services including:
- MOTs
- Car repairs
- Car welding
- Brakes and shock absorbers
- Air conditioning
- Car safety checks
- Car tyres
- Engine diagnostics
- Car exhausts
- Car servicing
- Clutch replacements
- Engine management
- Mechanical repairs
- Vehicle recovery
- Courtesy cars.
MJ Autos enjoys impressive reviews from the likes of Cyclex, Good Garage Guide and Yell.com
Scope to Improve:
- Advertising and marketing campaign
- Maximise the use of social media particularly twitter and Instagram
- Update the website ideally including an online booking facility
- Extend the opening hours
- Explore online voucher discounters such as Groupon and Wowcher
- Introduce a customer loyalty card/ Scheme
- Expand the car sales side of the business
- Consider van and car rental
- A well-established business with an enviable reputation and many existing customers
- All fixtures and fittings included making this a real Turnkey business opportunity
- Ideal owner managed or partnership business
- Current owners would be happy to offer a handover to ensure the continued success of the business
- The business occupies a generous plot which could offer redevelopment potential.
This great little business is likely to attract considerable interest
Location
MJ Autos Limited is located in Pencoed, Bridgend in Wales.
Pencoed is a heavily urbanised community and town in the county borough of Bridgend, Wales.
It straddles the M4 motorway north east of Bridgend and is situated on the Ewenny River.
As of the 2011 census it had a population of around 9,170, however due to large developments and new housing estates in the area the population is now expected to be approximately 13,500.
Pencoed as a town developed in the late 19th century, around the coal mining industry although the mines have now closed. The town is in the Ewenny Valley and is divided by the M4 motorway near Junction 35 although almost all the town lies to the north of the M4. About 2 miles north of the town, the upland relief of the South Wales Valleys starts. To the south are the rolling countryside of the Vale of Glamorgan and the rugged north coast of the Bristol Channel.
MJ Autos Limited is situated at the end of a privately owned lane and occupies a generous plot. The business is immaculately presented and maintained with clear visible signage.
There is ample free parking immediately outside the premises
Premises
MJ Autos occupies a generous plot and the business comprises of several single storey buildings that are presented and maintained to the highest possible standards and briefly comprises:
- MOT Bay
- Workshop
- Fast Fit Bay
- Office / Reception
- Externally
Tenure
We are advised that that the business is being sold as a Freehold business opportunity.
The business benefits from being exempt from business rates.
Hours
Monday to Friday 8-5
Saturday Closed
Sunday Closed
Staff
The business is run and managed by our two clients with the help of one full time members of staff.
Financial Profile
MJ Autos generates an advised current turnover of circa £233,000 as of the 2019 accounts with a net profit of £30,699.
Please quote reference B05134
Contact Agent
Listing Statistics
Contact the seller for more details, or book a viewing
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Stay Safe
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.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
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.
Stay Safe
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.
Stay Safe
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.
Stay Safe
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.
Stay Safe
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.'.
Stay Safe
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.
Stay Safe
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.
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