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CONFIDENTIAL
WITHDRAWN
652160
Here is an exceptional opportunity to acquire a fully equipped MOT and repair garage situated in a prime location on a main road in Coventry city centre. This well-established business boasts significant visibility and ease of access, making it attractive to both existing and new customers.
With space for expansion, new owners will find the potential to grow the business further. Currently, an established team of four employees is in place, ensuring smooth operations from day one. Additionally, a strong and loyal customer base has been developed over the years, thanks to consistent service quality and a commitment to meeting client needs.
This garage has been operating for 30 years, providing a solid foundation for the new owner. The current owner has had the business for 8 years and is now looking to focus on other business ventures. The asking price is £100,000, with all stocks included in the deal.
The garage is well-equipped, featuring five ramps, a class 4 MOT bay, a tyre machine, a wheel balancer, and air conditioning machines. Over the past year, turnover has increased significantly, by £50,000, showing robust financial performance and growth potential. Additionally, the garage benefits from a strong operational history and accreditation from VOSA, demonstrating quality and reliability in services offered.
Location and Accessibility
The business is strategically located near various amenities, including shops, bus stops, and a hospital, which helps attract more customers. On-site parking is available, further enhancing customer convenience. With participation in approved service networks, the garage maintains a professional reputation and can easily attract clientele from neighbouring retail businesses.
Future Prospects
New owners will benefit from an extensive customer database and the opportunity to integrate other services, such as tyre replacement and fitting. The quick and easy setup process allows future proprietors to manage the garage efficiently. Furthermore, training opportunities can be provided during a handover period if required, ensuring a smooth transition.
This garage business represents a profitable investment in the community, offering a unique chance to step into an established operation with plenty of room for growth.
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.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
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.
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.
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.'.
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.
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
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.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
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.
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.
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.
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.'.
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.
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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