- Business ID:2834
- Price: £200,000 +SAV
- Annual Turnover: £418,080
- Business Category: Motor Trade
- Location: Greater Manchester
- Tenure: Leasehold
- Living Accommodation: No
- EPC Rating: Awaiting Cert
Sovereign Business Transfer are delighted to bring to the market this extremely well- presented MOT and car repair business located in Stockport.
The business has been in our client’s careful hands for over 31 years and in this time it has built up an excellent reputation, generating a tremendous amount of repeat custom and word of mouth recommendations. The business is now for sale offering an opportunity for an entrepreneur to expand an already successful operation.
Service and repair work for both light commercial and private vehicles are offered including Class 3 & 4 MOT’s. We are offering a Green Category Station which means the MOT garage is rated as honest and well organised. The business operates from a double commercial lock up unit with roller shutters and secure parking for up to seven vehicles to the rear of the property, and a total of 14 spaces over all. Class 3 & 4 MOT bay plus 2 x 4 post ramps and 2 x 2 post ramps, 5 ramps in all. 5* customer reviews.
Regular referral work from other garages and main dealers in the area. There is huge scope to increase turnover such as introducing car sales, embarking on a modern marketing campaign, utilising social media/ on line presence and targeting local contract work. The impressive turnover could be increased further by extending the opening hours. The business would benefit from an enthusiastic owner operator to continue this thriving business. A new owner could also embark on a modest marketing campaign to highlight the business and the services offered. The Business is operated Monday – Friday 09.00 – 18.00 and is Managed by the Proprietors, a full time Foreman / MOT Tester / Mechanic. A further experienced mechanic, and two Apprentices.
The vendors own the property and will grant a new internal repairing lease (subject to contract)for a period of 10-15 years at an initial rent of £20,800 exclusive of rates, – at the moment there are no business rates payable. Rent reviews are at 3 yearly intervals. The incoming tenant is responsible for paying the landlords reasonable fee in respect of granting a new lease.
There is a genuine reason for sale as the current owners wish to retire. Weekly gross sales at present currently average £8,040 per week. Current records and accounts, show a good Gross Profit margin. The sale price has been calculated on the records which can be inspected when viewing.
Early viewings are recommended given the highly sought-after location.
- Business ID:2834
- Gross Average Weekly Sales Circa £8,040
- Prime Town Centre Location With Ample Customer Parking
- MOT, Service & Mechanical Repair of All Vehicles.
- Class 3,Class 4 MOT Categories
- Established Loyal Customer Base Over 31 Years
- Genuine Reason For Selling -Retirement
- Early Viewing Highly Recommended
ENQUIRE ABOUT THIS BUSINESS
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