Thriving Edinburgh Vehicle MOT & Auto Centre with High Profit and Expansion Potential
City of Edinburgh, Edinburgh
- Status
UNDER OFFER
- Date Submitted:
11/04/24
- Advert ID
609616
- Reference
GO2853 / Rightbiz
- Call Agent:
- Leasehold: £275,000 (Stock at valuation)
- Turnover: £343,000 (£6,596 Per week)
- Net Profit: £183,000 (54% Profit margin)
Key Features
- Attractive Business
- Small Business
- High Turnover
- Prime Location
- Accounts Available
- Established Business
- Unique Business
- Town Centre location
- Fully Fitted
- With Car Park
Business Details
Vehicle MOT & Auto Centre in Edinburgh
Corsorphine MOT & Auto Centre
Turnover circa: £343k
Adjusted Net Profit circa: £183k
BUSINESS SUMMARY
Business Type: Partnership
Established: 2017
Location: 6B Gylemuir Road, Corstorphine, Edinburgh, EH12 7UF
Type of Business: Vehicle service, repair, and MOT centr
Business Description
The opportunity consists of a large leasehold property which has been apportioned as a self-contained vehicle service station, with additional space used as customer waiting area and office space. The business is a leading automotive service provider in Edinburgh, specializing in quick-fit services which has been fully equipped and ready for any incoming operator. The business has many repeat customers having built this up over several years.
Product/Service Offerings
· Class 4 MOT Station
· Engine and Gearbox Servicing
· Diagnostics and Repairs
· Brakes Repairs/Replacements
· Exhausts and Suspension
· Cambelt and Timing Belts and more…
Market Position and Unique Selling Propositions:
Convenience: Located on the main route into Edinburgh on Glasgow Road.
Competitive: Offering a wide range of services to allow for customers a one stop shop and providing excellent value compared to the local competition.
Customer Engagement and Feedback:
Customer Satisfaction: Positive reviews based on the emphasis of convenience and value the business has achieved an enviable reputation with 66 x 5* reviews on the google page and 22 5* reviews on Facebook with several followers to boost public awareness.
Expansion Opportunities
Brand Expansion: The brand lends itself to opening of additional locations due to the brand name and local reputation.
Franchise Opportunity: Similarly, the brand could be franchised by using this successful model to springboard from offering franchisees ongoing training and support from this location.
Website Development: The business attracts custom through google but could benefit from an online booking functionality on the website. A new website feature could be introduced to allow for customers to make bookings directly on the site and obtain quotes also. This brings further opportunity to use PPC and increase the SEO optimisation to drive my customers to the website.
PREMISES
The premises is a well maintained, significant single storey built for purpose unit on an extremely busy main road with parking for several vehicles. The premises is made available by the assignment or agreement of a new lease, with the current lease being £32,400 per annum, with 3 years remaining. The vendor has made significant improvements to the property over the years and introduced low energy lighting etc and security enhancements etc…
The workshop has the benefit of one newly fitted MOT station and three car bays internally, with parking/vehicle storage to the front and side of the property, a customer waiting area and office space.
Viewing is essential to appreciate the quality of the business on offer.
FURTHER INFORMATION
Further information is available by speaking with the us and viewings are strictly by appointment only as the sale of this business is strictly confidential.
For more information please contact us.
Contact Agent
Listing Statistics
Contact the seller for more details, or book a viewing
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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.
Be safe, use a Rightbiz Solicitor
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