BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Commercial property:
Asking price:
£159,000
Turnover / revenue:
£370,000
Net profit / cashflow:
Undisclosed
Years established:
7
Number of employees:
3
Employees / staffing:
The owner employs a full time service advisor, a full time vehicle technician and a part time cleaner/pickup/delivery driver. The owner also currently works in the workshop as a technician.
OTHER DETAILS
Reason for selling:
The vendor is now looking for a change of lifestyle and buying up properties to rent
Support and training:
Support and training will be provided to ensure a smooth transition of ownership, if required.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
Lease terms:
The business is based in Suffolk . Premises comprise of a purpose built leasehold garage of circa 1,200 sq. ft. with a well-equipped workshop consisting of 4X2 poster hydraulic ramps and diagnostic equipment that is included in the sale.
The premises are on a rolling lease with annual rent of GBP10,367 Inc. rates.
BUSINESS DESCRIPTION
Mechanical and Electrical Vehicle Repair Garage and MOT Service Centre
Ref.AL234
Location Suffolk
Asking Price GBP 159,000
The vendor constructed this purpose built garage from scratch in 2008. The business is primarily a very high quality mechanical and engineering vehicle repair centre and MOT centre. The vendor also carries out work for 2 other local garages preparing cars for sale and warranty repair work. A large amount of work is taken on for leased vehicles using the One Link System.
Sage software is used for accounts and payroll.
Expansion Potential
There are additional opportunities for investment in marketing to attract added interest. The business provides an excellent platform for future growth.
Market / Competition / Non-Competition Agreements
Very little advertising has been undertaken, as the business handles a lot of work from One Link System. There is a monthly direct mailing to the customer service and MOT database of circa 3,000 plus.