Well Established MOT & Service Centre For Sale

Business description

Summary:
Established by the current owner in excess of twenty two years ago, the business offers MOT's, service, repairs, bodywork, and a renovation service. The customer base is comprised by many local regulars, however many others travel in excess of twenty miles to have their cars repaired here due to a high level of loyalty. The only advertising to be carried out is a regular advert in the local paper as they are the only garage to advertise in it. Included in the sale is all of the equipment including the vendor's hand tools.

Turnover:
Accounts ending 31/3/06 show a turnover of £117,776 with a gross profit of 65%, however we are informed that the accounts ending 31/3/07 should show an increased turnover to approximately £130,000.

Stock:
The stock is to bed purchased separately at valuation;approximately £2,500.

Rates:
Business rates payable of £2,400 pa.

Legal Fees:
Vendors and purchasers to meet their own contractual costs; purchaser to meet the reasonable costs in establishing any new lease.

Property information

Property:

Leasehold

Lease terms:

We are informed that there are seven years left of the lease with a current rent of £8,050 pa.

Location:

Garage unit of approximately 2,000 sq ft with reception, and office on first floor. 1 four post ramp and 1 two post.

Other information

Reasons for selling:

The vendor is retiring and moving to his property in France. That is why the sale includes all hand tools.

Trading hours:

9.00 am to 5.00 pm Monday to Friday, 9.00 am to 12.00 noon Saturday.

Financing available:

The business should readily support loan finance subject to status. For further information please contact Dedman Business Sales.

Contact the seller