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Long Established, Profitable Car Garage Auto Repair Business for sale

Newark on Trent, Nottinghamshire
Leasehold Price:
£175,000
Status
FOR SALE
Advert ID
248846
Reference
BIZ7521 / Rightbiz
Established since 1992 this family owned business has a fantastic local reputation. I began the business with my father and have been running it alone now for the past few years since his retirement. I am now looking to retire myself and looking for a new owner to continue the successful business we have built together.

A unique part of owning this business is that this business benefits from being on a small business rates exempt scheme from Newark and Sherwood council and have been for the last 5 years so the business does not have to pay any business rates.

We have worked hard to build a reputation for offering a trusted and value for money service to all our customers in Bilsthorpe. We understand the importance of good customer service, with the majority of our work gained through positive word of mouth and repeat custom. We have valuable fleetwork accounts and are trusted by council bodies in the area to undertake regular work and contracts.

Based in Nottinghamshire, we operate with a large industrial unit, garage and workshop with a waiting room and Reception area for our customers.

Opening hours:
- 8:00AM - 4:00PM Monday to Friday
- 8:00AM - 12:00PM Weekends

Over the last few years turnover has been consistent around £125,000 per annum. There is huge scope here to increase revenue. When we operated the business with up to 4 mechanics, we were turning over £700,000 per annum. We have wound down in recent years as I have been looking to retire, and have been working alone to achieve our current financial figures. If I have been able to make £125,000 working alone, the possibilities are endless for someone who would like to bring in a team or start their own family run business.

We have a loyal customer database that has been constantly growing in our 27 years of operation and don’t have any local competition that offers the size and service that we can.

Included in the sale:
- All PCs and Software
- Bespoke website and all social medias
- 4 Wheel Laser Alignment - New
- 2 Compressors - New
- 4 Service Ramps (Serviced Yearly)
- All other equipment

I have been running this business alone now for some time and an ideal new owner would be looking to bring on a team or a partner to really see the maximum potential that you can reach with this business. Please contact me to arrange a viewing or for further information.

FREEHOLD PURCHASE OPTION AVAILABLE

125000
Listing Details
Leasehold Price: £175,000
Tenure: Leasehold
Location: Newark on Trent, Nottinghamshire
Sector: Motor Businesses, Mot Businesses
Financials
Annual Turnover: £125,000
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Advert Reference: BIZ7521 / Rightbiz

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