Edinburgh's Well-Established and Highly Rated Service and Repairs Garage For Sale
Undisclosed, Edinburgh
- Status
FOR SALE
- Date Submitted:
13/03/24
- Advert ID
608199
- Reference
B07899 / Rightbiz
- Call Agent:
- Leasehold: £149,995
- Turnover: £405,049 (£7,789 Per week)
- Net Profit: Not Applicable
Business Details
Well Established Service And Repairs Garage For Sale
BusinessPlease quote reference B07899
CoGoGo welcomes to the market Edinburgh Specialist Cars Ltd, a highly rated family run garage located in Leith, Edinburgh.
The business was first established over 40 years ago, and has been under our clients ownership since 2016. As seen by the online ratings and reviews, the business is extremely popular within the area.
Edinburgh Specialist Cars Ltd has now come to the open market due to our clients health issues.
This is a family run garage located in Leith near The Shore that provides some of the following service's -
- MOT's
- Tyres
- Brakes
- Exhausts
- Batteries
Their customer base is huge, and people come back again and again for a reason. You can trust them to service your vehicle without the worry of unnecessary expense, with the added peace of mind they use quality parts and fluids to give you great value for money. They can offer a collection and delivery service to work around your work and home life, just ask.
Key selling points -
- Well established
- Good location
- Highly rated
- Scope for expansion
- Very loyal returning customers base of over 3,000 customers
- Increase advertising and marketing
- Update the business website
Location
Edinburgh Specialist Cars Ltd is located on Giles Street in the Leith area of Edinburgh.
Premises
- Large ground floor workshops
- Reception area with a counter
- 3 Ramps
- Roller shutters
- Ample parking outside
Tenure
We are advised that the business is being sold on a Leasehold basis, currently on a 5 year lease from 2022. Our client has advised that a further 10 year leases can be added after the remaining one runs out. The rent is £25,000 per annum.
Hours
The current trading hours are -
Monday to Thursday - 8:30am - 5:30pm
Friday - 8:30am - 5:00pm
Saturday to Sunday - Closed
Staff
We are advised that the business has 4 full-time staff members.
Financial Profile
We are advised as per the 2021 accounts, the business generated a turnover in the region of £405,000. Further financials can be made available upon request.
Contact Agent
Listing Statistics
Contact the seller for more details, or book a viewing
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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.
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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.'.
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.
Be safe, use a Rightbiz Solicitor
Contact seller
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.
Be safe, use a Rightbiz Solicitor
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