| (REF: 1074CO) Successful Garage With MOT Station and Car Sales |
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| Seller Reference: |
1074CO |
| B4S Reference: |
26547 |
| Asking Price: |
£94,950
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| Net Profit: |
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| Sales Revenue: |
£136,027 |
| Number of Staff: |
Send enquiry for more details. |
| Established For: |
Send enquiry for more details. |
| Ownership: |
Leasehold |
| Location: |
Undisclosed, Essex, United Kingdom |
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HISTORY
• Established as a garage and MOT station over 40 years ago
• Acquired by vendors 17 years ago
• Reliable repeat customer base carefully nurtured
• Business based upon service ethic
• Ongoing programme of substantial investment to ensure current legislative requirements are met
• Trading within upper end of VOSA green sector
REASON FOR SALE
• Retirement
SERVICES
• Class 4 MOTs
• Servicing for most makes and models of car and light commercial vehicles
• Mechanical repairs
• Exhausts
• Air conditioning service and repairs
• Pick up and delivery service
• Bodywork and replacement tyre work is sub contracted
CUSTOMERS
• Vast majority of customers now repeat business
• Personal customer base drawn from the immediate locality accounting for approximately 75% of turnover
• Some commercial clients and business now on the books including taxi firms and fleet work
• Loyal
SUPPLIERS
• Consumables purchased from a variety of trade wholesalers
STRENGTHS
• Enviable local reputation established over many years
• MOT station now a well know local landmark
• Consistent financial performance
• Customer base substantial with high repeat rate
• Delightful coastal town
• Fully equipped modern workshop
• Substantial quantity of equipment and vehicles included within consideration price
FINANCIALS
Turnover
2010 £136,027
2009 £149,744
• Gross profit margin has averaged 67% over last 2 audited years
• Labour rate charged at £42 per hour
• MOTs charged at £40 (average 5 per day)
• Stock holding approximately £1,000
DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967).
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Property: |
Leasehold |
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Lease Terms: |
• Vendors own the freehold and will be happy to grant a lease on a 10 year term with:
• Rent £14,400 per annum
• Rates TBC |
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Living Accommodation: |
No |
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Details of Accommodation: |
• A traditional garage and MOT facility, comprising briefly:
o Sales forecourt to front for 6 vehicles
o Male and female WC
o Reception area and sales counter
o Main workshop with class 4 MOT bay with roller shutters and inspection pit
o Store room
o Office
• Equipment comprises briefly:
o 1 x 4 post ramp
o MOT Bay
o Air conditioning machine
o Gas analyser
o Battery charger
o Space heater
o Coil spring compressor
o OMITEC diagnostic equipment
o 30 ton press
o Compressor
o Engine lift
o Sundry tooling |
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Location: |
• Trading from traditional garage premises in an Essex coastal resort
• Prominently sited on main artery running into the town
• Forecourt parking for customers with vehicle sales area to front
• Town has a good mix of commercial, retail and domestic customers |
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• Considerable scope for business development with advertising and marketing limited at present
• Focus on additional commercial contracts
• Utilisation of capacity within MOT bays
• Increase in labour rates
• Ideal acquisition for a family
• Introduction of specialist or additional services
• Focus on vehicle sales
• Sunday opening subject to planning |
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Is this a home-based business? |
No |
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Can this business be relocated? |
No |
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Is this business part of a franchise? |
No |
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• Monday to Friday 8am to 5pm
• Saturday 8am to 1pm
• Sunday closed |
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• Vendor runs the business on a day to bay basis with full time administrative assistance from his wife
• 2 Mechanics
• 1 Saturday staff member
• Vendor and one mechanic is MOT qualified |
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