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Highly-rated Family Run Garage in Riseley, Bedfordshire Available for Purchase

Bedford, Bedfordshire

CONFIDENTIAL SALE

  • Status

    UNDER OFFER

  • Date Submitted:

    11/04/24

  • Advert ID

    609641

  • Reference

    B07541 / Rightbiz

  • Call Agent:

    Registered members »

  • Leasehold: £89,999
  • Turnover: £260,459 (£5,009 Per week)
  • Net Profit: £26,351 (11% Profit margin)

Business Details

Family run garage in Riseley for sale

Business
Please quote reference B07541

Hilton Smythe are delighted to welcome to the market HP Motors, a highly rated MOT testing and garage services business in Riseley, Bedfordshire.

The business was originally founded in the 1970's, and has been under our clients ownership since 2018. The garage has built up an excellent reputation with a regular customer base. As seen by the online ratings and reviews, it's extremely popular within the local community, proudly having a 4.8 rating on Google reviews. 

HP Motors has now come to the open market due to family commitments and our clients desire to pursue other business interests. 

They're a family run business offering MOT testing, Services & General Vehicle Repairs. Our client cares about customers and treat your car as if it were their own. They use quality oil in services and will contact you before carrying out work. They on average carry out 40 to 50 MOT's per month. 

This business has been a garage for nearly 50 years in the village.

The sale of the business includes the company website.

Key selling points -

  • Outstanding reputation
  • Well established
  • Hand over period offered.
  • Scope for expansion
  • Turnkey business
Scope for further growth -

  • Increase advertising
  • Would benefit from being owner operated
  • Increase business hours/Open on weekends


Location
HP Motors is located on High Street in Riseley, Bedfordshire.

The business is nicely presented and maintained with clear visible signage. 

The premises has a large parking space at the front with 2 unused petrol pumps.



Premises
The premises are clean and tidy throughout, with ample storage.

Office to the right of the workshop

Large Workshop with 3 fitted ramps

Kitchen and WC facilities



Tenure
We are advised that the business is being sold on a Leasehold basis. As our client owns the Freehold, a lease is to be negotiated with the new buyer. The rent will be £18,000 per annum. There may also be the option to purchase the Freehold. 



Hours
The current trading hours are -

Monday to Friday - 8:30am - 5:30pm



Staff
We are advised that the business is run and managed by our client, with the help of 2 technicians and 2 office workers. 



Financial Profile
We are advised as per the 2023 accounts, the business generated a turnover in the region of £260,000. Further financials can be made available upon request. 



Read more

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THIS BUSINESS IS NOW UNDER OFFER

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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The data showed regarding this advert 'Family run garage in Riseley for sale - B07541 / Rightbiz' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.