Longtime Motorcycle MOT Centre for Sale in Llanelli, Carmarthenshire with Expansion Potential
Llanelli, Carmarthenshire
- Status
FOR SALE
- Date Submitted:
14/08/23
- Advert ID
518090
- Reference
14191_H / Rightbiz
- Call Agent:
- Freehold: £245,000
- Turnover: £17,360 (£334 Per week)
- Net Profit: £14,918 (86% Profit margin)
Business Details
Long Established Motorcycle MOT Centre
BusinessCoGoGo welcomes to the market the MOT Centre. This very well-established Motorcycle Mot centre, which is currently run on a very part time basis, due to the owners age. He presently carries out around 3/4 Mot’s each morning and then closes.
However, there is great potential and opportunity to increase this into a full-time business, to include repairs and servicing as well. The new owners would need to invest in a rolling road, although we believe from the owner that these can be leased at very reasonable rates.
The current stock value is circa £50,000 which includes several motorbikes.
The business itself has been run by the current owner for the last 36 years and is very well known in the area. The owner is now looking towards a very well-earned retirement.
Location
The MOT Centre is situated on the outskirts of Llanelli. It is the largest town in both the county of Carmarthenshire and the preserved county of Dyfed, Wales and sits on the Loughor estuary on the West Wales coast, approximately 10 miles west-northwest of Swansea and 12 miles south-east of the county town, Carmarthen. The town is famous for its proud rugby tradition and is a centre of tinplate production.
The town of Llanelli with a population of some 35,000 people, is a coastal town where the Welsh language is still widely spoken. It has a long association with the tinplate, steel, and coal mining industries, and is the home of the world-famous Llanelli Scarlets, one of Wales’ four regional rugby teams. Llanelli is currently being transformed as it benefits from £60 million regeneration programme.
Premises
The premises are set within a large stone building, with the very spacious ground floor workshop offering plenty of space for the business to grow and thrive. With equipment to include boring machine, bench with vice, shelving/racking etc and much more.
On the first and second floors, we have a good sized 2/3 bedroom flat consisting of lounge, kitchen, dining room, shower room, 2 bedrooms on the first floor and a large open plan second floor loft presently used as an occasional bedroom 3. The accommodation has a fitted gas boiler. Parking is available to the front. There is potential with the accommodation to let out to generate additional income.
There is much potential for further improvement and development.
Tenure
We are advised that the business is being sold as a Freehold opportunity.
According to the VOA website the current rateable value is £3,650 however the business benefits from small business rate relief so has nothing to pay.
Hours
The business currently opens on limited hours.
Monday to Saturday 9.00am – 1.00pm
Staff
The business is currently run by the owner.
Financial Profile
The business is run very part time at the moment, but still earns around £20,000-£25,000 per annum for MOT work only.
Contact Agent
Listing Statistics
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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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Don't 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 number 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.
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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.'.
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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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