This business is marketed by
Crickmay View more business for sale by this agent
Status For Sale
This extremely well established concern is only being offered for sale due to the Vendors retirement. It represents an excellent opportunity to acquire a modern well run business with an excellent level of repeat trade from a loyal local community. In addition to MOT testing repairs and servicing the business is an approved RMI Trust my Garage scheme member.
Currently trading between the hours of 8 a.m. to 5.30 p.m. Monday to Fridays and 8 a.m. to 12 midday on Saturdays.
The business is operated by the Vendor in a part time capacity employing a part time book keeper, 3 full time mechanics, and 3 MOT Testers/Mechanics.
The business currently undertakes on average 6 MOT’s per day and has a substantial client base including some local authority MOT and servicing.
The vendors draft trading accounts for the year ending 31st August 2012 will confirm a turnover of £463,194 with a gross profit of 25% i.e. £115,401.
The business is run as a limited company and an adjusted net profit including directors re-numeration is evident in the region of £30,000 with the 2011 figures showing approximately £53,000.
Full accounting information will be made available to bona fide purchasers.
The business boasts excellent and modern list of equipment that includes equipped MOT bay with four ton four poster capable of coping with large campervans, 2 x Two post Hoffman 2.5 tons, 1 Two post Lift Master 5.5 tons, 1 Two post Lift Master 4.5 tons, 1 Bradbury Two post 2.5 tons.
There is also a large quantity of diagnostic equipment such as Autologic, Bosch, Omitec and others.
The premises are held on a 5 year Lease to December 2015 at a rental of £27,500 per annum.
We are instructed to invite offers for the Goodwill, Valuable Inventory of Equipment and Leasehold Interest
Price Guide £125,000 plus Stock at Valuation
We are informed £10,000 payable
Rateable Value Unit 4: £5,000
Rateable Value Unit 5: £5,300
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Motor Related Property