Vehicle Repairs and MOT Garage for Sale in Leeds, Family-Run with Rental Income Potential
Leeds, West Yorkshire
- Status
WITHDRAWN
- Advert ID
655061
- Reference
591694 / Rightbiz
- Call Agent:
- Leasehold: £99,950
- Turnover: £133,880 (£2,575 per week)
- Profit: Not Applicable
Business Details
Vehicle Repairs & MOT For Sale in Leeds
REPAIRS, MOT AND CAR SALES PITCH in Leeds for SaleReputation is everything, and this long-established family-run garage has built an excellent reputation among its loyal customer base over more than 20 years. The business is now offered for sale due to retirement. Operating from highly prominent premises fronting a major Leeds ring road in Low Wortley, the business occupies a modern industrial unit with a secure car sales pitch capable of accommodating 25 vehicles, plus additional hard standing land to the rear. A mezzanine floor housing three offices generates rental income of £900 plus VAT per calendar month, helping offset occupancy costs and providing further potential for incoming owners. Annual turnover £133,880.
The well-equipped garage undertakes around 120 MOTs per month, alongside servicing and repairs to Class 4 vehicles, tyre sales and fitting, and the retail of quality used cars. The business is currently operated by two working owners who have maintained flexible hours ahead of their retirement. With an excellent location, established reputation, spacious premises and scope for further growth, this represents an outstanding opportunity to acquire a respected automotive business with low overheads and additional rental income potential. Offers are invited for either a 100% share sale of the Limited Company on a cash-free, debt-free basis, or the sale of the going concern including goodwill, fixtures, fittings, equipment and a new five-year lease.
Ground floor, modern industrial unit at the head of a business park. Three hydraulic ramps, a rolling road, wheel alignment and tyre fitting and balancing area. Reception, large office and customer and staff WCs. Fitted kitchen. First floor mezzanine, separate access from the buildings reception area leading to three offices, each with a staff WC. Security gated tarmacked pound to the side of the building for customer parking and used car sales. Additional hard standing to the rear of the building. EPC Band C
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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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