MOT and service centre for sale in Nottinghamshire due to retirement
Nottingham, Nottinghamshire
- Status
FOR SALE
- Advert ID
645273
- Reference
689 / Rightbiz
- Call Agent:
- Leasehold: £180,000
- Turnover: £383,131 (£7,368 per week)
- Profit: £112,500 (30% Profit margin)
Key Features
- Turnover and profitability details
- Turnover from MOT services
- Valuable business assets included
- Well-equipped service centre
Business Details
Successful and profitable MOT and service centre based in Nottinghamshire
Swan Business Brokers are delighted to present to the market the opportunity to acquire a longstanding garage based in Nottingham that holds a superb reputation across its region.
Operating for over 40 years, Paul K. Smith Automobile Engineers offers a wide range of high-quality services and employs an impressive team of technicians capable of working on a wide variety of vehicles and specialist models.
The company is an approved contractor for a high number of commercial clients in the area. This proves to be particularly lucrative for the company as well as completing a high amount of work for the general public.
Further Unique Selling Points relating to the business include:
· High quality facility with impressive list of assets.
· Turnover growth of over 30% since 2021.
· Significant further growth potential.
Only available to the market due to our clients’ wish to retire, interest in the company is expected to be high, and therefore early enquiries are recommended in order to avoid disappointment.
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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.
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