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Highly Rated Vehicle Repair Garage with Growth Potential for Sale in Eastwood, Nottinghamshire

Nottingham, Nottinghamshire

CONFIDENTIAL SALE

  • Status

    UNDER OFFER

  • Date Submitted:

    23/04/24

  • Advert ID

    610193

  • Reference

    B07549 / Rightbiz

  • Call Agent:

    Registered members »

  • Leasehold: £74,950
  • Turnover: £127,267 (£2,447 Per week)
  • Net Profit: Not Applicable

Business Details

Highly rated repair garage for sale

Business
Please quote reference B07549

CoGoGo are delighted to welcome to the market RCT Garage Services LTD, a highly rated vehicle repair garage in Eastwood, Nottinghamshire. 

The business was first established by our client in 2020, building 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 5 rating on Google reviews. 

RCT Garage Services LTD has now come to the open market due to ill health.

RCT Garage Services LTD is a high quality vehicle repair garage that works on all makes and models, including classic cars, motorcycles and class 7 vehicles. The business also offers health checks, MOT's (conducted off- site), servicing, welding services, brakes, suspension repairs, clutches and gearboxes. RCT Garage Services LTD provides diagnostics checks and tyre changing/balancing.

The previous years sales achieved over £150,000, with the opportunity to double current workload, turnover and profit levels. 

Key selling points -

  • Large garage with lots of land
  • New lease term to be offered
  • High demand for services
  • Centre of large housing area
  • Handover offered
  • Further growth opportunity
Scope for further growth -

  • Increase number of mechanics
  • Extend current opening hours
  • New advertising
  • Further utilise the unused available land


Location
RCT Garage Services LTD is located on Brookhill Leys Road, in Eastwood, Nottinghamshire.



Premises
Ground floor -

  • Large workshop
  • Store room
  • Office
  • Kitchen space/Toilet facilities
External -

  • Large fourecourt area - able to accommodate 20 to 30 vehicles
 



Tenure
We are advised that the business is being sold on a Leasehold basis, with a new lease to be offered to the new buyer. The rent is £13,000 per annum. 



Hours
The current trading hours -

Monday to Friday - 9am - 6pm

Saturday to Sunday - Closed



Staff
We are advised that the business has 1 member of staff. 



Financial Profile
We are advised as per the 2023 accounts, the business generated a turnover in the region of £127,000. Further financials can be made available upon request. 



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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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