Established South Manchester Tyre and Automotive Service Business for Sale
Stockport, Manchester
- Status
FOR SALE
- Advert ID
613849
- Reference
3062 / Rightbiz
- Call Agent:
- Leasehold: £275,000 (Stock at valuation)
- Turnover: £739,865 (£14,228 per week)
- Net Profit: On request
Key Features
- Prime Location
- New Lease
- High Turnover
- Attractive Business
- Close to Local Amenities
- Large Business for Sale
Business Details
Vehicle Repair Garage Business For Sale South Manchester
Sovereign Business Transfer is delighted to present this established tyre and automotive service business located in South Manchester. Having been in operation since 2005, the business specialises in tyres and a wide range of general motor repairs, providing essential services such as interim, full, and major car servicing. The centre is situated in a prime, high-visibility location, ensuring a constant flow of potential customers. The business is operated by the owner, supported by a full-time tyre fitter, part-time manager, and two full-time mechanics. Over the years, it has developed a loyal client base with regular and repeat customers, reflecting the high quality of service provided. Operating hours are Monday to Friday from 08:00 to 17:00 and Saturday from 08:00 to 12:00, with Sundays off.
This leasehold business is available for £275,000.00 SAV, with a new lease available to approved candidates. The well-equipped workshop unit (70.3m2) handles general motor repairs and diagnostics. Additionally, as a member of a national company service network, the garage adheres to high standards and enjoys top-tier business support. The network offers members a wide range of products and services, enhancing business operations and competitiveness.
The concern has maintained a healthy financial position, with a reported turnover of £739,865 and a Gross Profit of £335,368 for the year ended 31 January 2024. Full accounts and disclosure will be available after a successful viewing, underscoring the business’s viability and potential as an investment.
In summary, this is a highly desirable business with a long trading history, a strong client base, and a prime location. Viewing is highly recommended to appreciate the quality and potential of this leasehold tyre and automotive repair business. The current lease has expired; however, we are advised (subject to landlord approval) competitive new lease terms are available. With significant scope to increase turnover and regular repeat trade, this genuine sale represents an excellent investment opportunity.
- Prime location within thriving residential and industrial area
- Turnover £739,865, GP £335,368, EBITDA £160,131
- Vast scope to increase turnover
- Competitive new lease terms available (Subject to approval)
- High customer retention
- Genuine reason for sale
Contact Agent
Listing Statistics
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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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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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