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Profitable MOT & Service Garage in Keith Moray on 1 Acre Plot, Offers Over £395K

Keith, Moray
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Mot and Service Garage on Substantial 1 Acre Plot Photo 1
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Mot and Service Garage on Substantial 1 Acre PlotMot and Service Garage on Substantial 1 Acre PlotMot and Service Garage on Substantial 1 Acre PlotMot and Service Garage on Substantial 1 Acre PlotMot and Service Garage on Substantial 1 Acre PlotMot and Service Garage on Substantial 1 Acre Plot
  • Status

    FOR SALE

  • Date Submitted:

    07/06/23

  • Advert ID

    514480

  • Reference

    25989550 / Rightbiz

  • Call Agent:

    Registered members »

  • Freehold: £395,000
  • Turnover: N/A
  • Net Profit: On request

Business Details

Mot and Service Garage on Substantial 1 Acre Plot

CCL are delighted to offer to the market the opportunity to purchase a well-established and profitable garage located in a prominent position within the popular town of Keith on the main A96 road linking Aberdeen and Inverness.  Mutch Motors offers a range of services including MOT’s, repairs and servicing and is a long-established family firm.  The garage has a good reputation within the area and operates from a workshop adjacent to former petrol forecourt.  The property provides an excellent investment opportunity for someone already operating within the motor industry looking for a new venture or a landlord looking to acquire a freehold property and obtain a new tenant.  In addition to the main garage and workshop there are 2 residential properties.

Bullet Points

Excellent location on main A96

Substantial site

MOT & Garage

Forecourt

2 Residential Properties

Excellent reputation and repeat business.

Great opportunity to expand

Very profitable

Freehold

Offers over £395,000

Location

Mutch Motors is located on Regent Street a very short distance from the centre of Keith, a charming, Scottish, historic town with authentic narrow streets. With a history of cattle trade and textile heritage, the town of Keith still is a thriving community. The Annual Keith Country Show has been going for over 140 years and is one of the most prominent events in the Scottish agricultural calendar.  Bustling Keith has got four distilleries, numerous traditional shops, good restaurants, supermarket, hotels, and schools.  Keith is on the A96, main Inverness to Aberdeen route.  Both have airports which offer daily flights to both UK and mainland Europe.  Keith is a central location for servicing the NE of Scotland being equidistance from both Inverness and Aberdeen with excellent road and rail links to the north and south including Aberdeen, Dyce, Huntly, and Elgin. There are several primary schools and Inverurie Academy provides secondary education. There is an excellent health centre, cottage hospital, several large supermarkets, a swimming pool, and community centre nearby as well as golf, tennis, and hill walking.

Property

Mutch Motors operate from a well-maintained garage workshop.  The workshop is a main single story detached building with an adjacent MOT Bay.  The premises occupy an area of approx. 380 sqm.  There is a small retail are adjacent to the forecourt.  With access from Regent Street there are 2 residential properties.  The first is a 3 bedroom end of terrace property and the second is a 2 bedroom mid terrace.  The properties are currently interconnected and in need of modernisation but would make excellent owners’ accommodation or rental properties.

Business

Mutch Motors is an established garage located in a prominent position within Keith.  The garage provides many services including general repairs, servicing, and MOT’s and has a strong client database and good reputation within the area.  The business is well equipped, meeting licensing and industry specifications and has diagnostic equipment that enables an efficient fault-finding service leading to a high level of customer satisfaction. The exceptionally well laid out garage is sold with a full inventory of highly functional equipment, fixtures, and fittings.

The large forecourt could be used for the sale of used vehicles.

This business occupies a prominent trading position with roadside presence of one of the main roads through Keith. The property is highly visible to passing trade. Ample on-street parking is available in the immediate vicinity.

External

55 – 67 Regent Street is a substantial plot of just under 1 acre in size.  From the main road there is the former forecourt, with canopy, that is now used for the sale of a number of vehicles. The workshop and MOT Bay are situated towards the rear of the property.  There are a number of additional out buildings.  There is ample space for parking. 

The 2 residential properties open on to the pavement on Regent Street.


Services
The property has mains water, drainage, electricity.

Tenure

The property is held on the Scottish equivalent of Freehold.

Price

Offers Over £395,000 are sought for the freehold of the property, fixtures, fittings, and goodwill. Stock in trade will be additional at valuation.

Trading Figures

Trading figures will only be released after a formal viewing has taken place.

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Contact Agent

Contact the seller for more details, or book a viewing

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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.

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Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.

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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.

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Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.

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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.

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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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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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