Vehicle Repair And MoT Centre In Luton Bedfordshire For Sale

Business description

Preferred Commercial is pleased to offer for sale this thriving vehicle repair, servicing and MoT business, which was established by our client in 2010 and is only now being offered to the market due to our client's other business interests. The business trades 7 days a week and generates a turnover in the region of £2,392,000 per annum with a gross profit of 10.8%. The garage offers vehicle repairs and servicing and Class 4 MoTs, along with vehicle sales. We feel the turnover could be further increased from a modest marketing campaign to expand on the vehicle sales side of the business. There is also scope for the introduction of parts and spares sales and a spray shop. The garage has an enviable reputation and is renowned for providing quality services. There is a comprehensive website in place advertising the business and services provided. The premises are well-equipped to suit the trade with space for up to 50 vehicles inside and a range of related equipment. This is an ideal opportunity to acquire an already busy garage, which is in a truly walk-in-and-trade condition and has huge scope for future growth. Early negotiations with Preferred Commercial must come highly recommended.

Property information

Property:

Leasehold

Lease terms:

Leasehold
Original length: 10 years
Remaining: 9 years
Review: every 3 years
Rent: £3,600 per month

Location:

Eagle Motors Luton Ltd occupies substantial lock-up industrial premises, ideally situated on the outskirts of Luton town centre, Bedfordshire. The premises benefit from ample private parking and are surrounded by a wealth of complementary businesses. The town centre is a short distance away and possesses further shops, businesses and amenities. The area is a well-served by public transport with a number of bus stops nearby and a railway station within easy walking distance. The premises are easily accessed via the A-road network and the M1 motorway is only a mile away. Luton is a vibrant, thriving town with many cafes, restaurants and bars. The town is a desirable place in which to live and work and is also popular with commuters due to excellent road and rail links with London. Watford lies 18 miles to the south, while the city of London lies approximately 32 miles away.

Premises details:

Substantial lock-up 8,182sq ft industrial unit premises with private parking facilities. Briefly comprising:

Ground Floor
• Workshop with space for up to 50 vehicles, 2 x 4-post ramps, 2-post ramp, MoT bay, latest specification auto test lane, diagnostic equipment and general tools
• 3 x WCs with wash hand basins
• Reception area
• Kitchenette
• Waiting area
• MoT office
• Storeroom
• Mezzanine level with office

External
• Parking to rear for up to 30 vehicles
• Parking to front for up to 10 vehicles

Other information

Trading hours:

Mon - Fri: 09:30am to 6:00pm
Sat - Sun: 10:00am to 6:00pm