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SSTC MOT, Garage Services, Franchisee Lease, Consistent Turnover & Profit Over Decades

Bishops Lydeard, Somerset
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SSTC - MOT, Garage Services, Franchisee Lease, Consistent Turnover & Profit Over DecadesSSTC - MOT, Garage Services, Franchisee Lease, Consistent Turnover & Profit Over DecadesSSTC - MOT, Garage Services, Franchisee Lease, Consistent Turnover & Profit Over Decades
  • Status

    SOLD / WITHDRAWN

  • Date Submitted:

    27/04/22

  • Advert ID

    294373

  • Reference

    ICN.001 / Rightbiz

  • Call Agent:

    Registered Buyers only »

  • Turnover: N/A £0 Per week
  • Net Profit: N/A

Business Details

Baker Payne are pleased to offer For Sale the franchise lease of this extremely profitable and high turnover garage services business. 

Situated in a popular and desirable large Somerset village at the foot of the Quantock Hills, the business has benefited decades of high turnover and profits with a demonstrable track record from historic accounting information. 

Established over 70 years, the most recent operators have been in situ for 15 years plus and are to shortly retire. 

Turnover is consistently £900,000 to £1M per annum with adjusted net profits for the most recent year end being £127,000 2021 

The Multi-Stream income is derived from Petrol Sales, Workshop Services, Class 4 Mot’s, General CTN Retail shop and Fuel Wholesaler incentives. Google reviews rate 4.5/5 with a loyal customer base and a high level of repeat business over decades. Fuel sales represent around 50% of the annual income. (Various upgrades to equipment are now required in order to continue the MOT services offering. This has been estimated at £20,000, and is accounted for as a reduction in the purchase price/incoming premium costs) 

A lease term and length to be determined by negotiation, (circa 20 yrs) subject to a rent of £35,100 pa, and an annual franchise fee being 5% of total annual sales. Assignable after initial 2 year period. 

Fully staffed, extremely turn-key and ready to continue trading .. 

Fuel Sales are circa 600,000 litres pa with a net profit of 4.4ppl, Generous incentives and a maintenance package that includes the pumps and operating system is provided by the wholesale supplier including external paint and decor. The current fuel wholesalers are Murco with 2 years to run on a 5 yearly renewable contract, as at 2022. 

The busy Garage Workshop supports 2 full time mechanics plus the owner operator, and is an accredited Mobil 1 Service Centre. Currently the MOT bay is owned by the operator under grandfather rights and is transferable at a cost by agreement. Three self-employed staff carry out the MOT tests. The Workshop/MOT sector generates circa £400,000 turnover pa and is consistently profitable, rebate incentives are provided by parts suppliers. Total number of current employees 7.

Retail Sales from the small shop circa £100,000 pa turnover from tobacco, confectionary, grocery, bottled gas, logs, BBQ fuel. 

A full height canopy extends over the petrol forecourt, allowing HGV access, the modern 6 hose pump – 2 x Diesel, 2 x Premium Unleaded E10 and 2 x Unleaded E5. The pumps are linked to an integrated console and EPOS system in the shop.

The workshop houses 4 ramps (one new 2021) over three lanes and is extensively equipped with a range of tools and accessories, including two modern diagnostic scanners, airline oil dispenser, a new compressor, laser wheel alignment apparatus, air-con re-gassing machine and a full sized cabinet of high-end specialist tools. Six courtesy cars form part of the sale.

There is a small CTN shop (that could easily be extended) equipped with two new full height fridges and an ice cream freezer, the store sells a range of general groceries, confectionary, newspapers, tobacco, LPG bottled gas and logs.  The shop also serves as the reception area for Workshop and MOT services, a separate waiting area with CCTV is provided for MOT customer’s convenience.

There is an operations office on the ground floor and an accounts/administration office located on the first floor, extensive store room facilities feature on both levels. The business benefits from a four station network computer suite running an integrated CRM program, linked to the accounts and payroll package. The modern auto-dial alarm system is linked to ten CCTV cameras with a 30 day storage system and remote access via mobile phones.

For many decades the business has had an enviable reputation for professionalism and good customer service, although based in a large village the catchment area is now considerably larger and growing exponentially, due to the continued development of domestic housing stock at this end of the village (circa 280 houses with phase 1 nearly complete and fully occupied) 

EPC Rated - D - cert no - (2414-1132-8002-0104-4002)

Total Useful Floor Space Of Commercial Buildings - Circa 2700 SQFT 

Interested parties will need around £50,000 to cover ingoings, to include - purchase price, advance rent & deposits, MOT station compliance, and purchase of stock at valuation.

Option to rent adjacent residential 3 bed country cottage by separate negotiation if required. £1350 pcm on assured shorthold tenancy. 

Strictly viewing by appointment following some vetting and background investigations.
Accounting/Financial information will be made available to seriously interested parties following a viewing meeting with our client. All initial lease applications are subject to status and checks at a cost to the tenant (£495 inclusive) 

Richard Payne is dealing with this business and will be happy to discuss the opportunity further (m) 07864 054440 - [email protected] 

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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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