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Established Mechanical, Bodyrepair & Vosa Approved Mot Business In Hertfordshire For Sale

Hertfordshire, UK
Asking Price:
£275,000 Furniture / Fixtures and Inventory / Stock included
Turnover:
£492,181
Net Profit:
£48,993

• 80% Repeat customer based.
• Long established business.
• All services offered on site
• Quick Sale.
• No local competition.

This business is ideally located on an industrial estate with most businesses operating 365 days a year. This well-established garage enjoys the benefit of lockable high gates, CCTV & Redcare alarm system.

The Business enjoys a loyal, varied and repeat customer base including those based on the Industrial Estate, various lease companies such as Leasedrive, Novuna (Network Rail) etc are all regular customers through the 1 Link System. There is another garage on the same road, who specialise in performance cars, so there is no direct competition, and we are the only business in the area to do MOT, Service & Body repairs on site. This has been our USP for the past decade.

Advertising has been limited to local sports clubs as the majority of our customer base are returning customers and recommendations. Like all successful businesses, there is always room for growth. The business has a website to provide Internet users with contact details & prices.

The business is known locally as being trustworthy, well presented, honest, reliable, friendly & most importantly, the one place that can meet all your vehicle needs.

All services are connected Gas, Mains Water, Sewerage, Broadband, Electricity and Telephone.

This is Leasehold business, up for renewal in 2years. However, this is only one of many buildings the Landlord owns and they are happy to renew the lease for a substantial period of time.

This is a reluctant sale as the owner of this successful business is only selling due to health reasons. The business has never been offered for sale previously.

The successful purchaser will acquire a profitable vehicle servicing, repair, bodywork repair & MOT Garage (VOSA GREEN LIGHT), well established with a large customer base. There are 5 employees, 4 of whom have been with the company between 8-20yrs. These are qualified and highly skilled technicians in their field. All will be happy to continue in their positions.

Property Information

Property:

Leasehold

Location:

Prime location on a very busy Industrial Estate with businesses operating 365 days of the year.
North Hertfordshire

Premises Details:

2 Large connecting workshops with office, reception and staff areas. Fully intergrated with Electric, Gas, Water & Internet.

Business Operation

Expansion Potential:

Potential for expansion.

Competition / Market:

No direct compettion

Reasons for selling:

Unfortunately the owners health has deteriorated & early retiremement has been advised.

Trading hours:

Mon - Fri 8:00 - 17:00
Sat 08:00 - 12 (optional)

Employees:
6
Years established:
15

Other Information

Support & training:

Owner will be happy to provide assistance with handover

Furniture / Fixtures value:
£10,000 - included in the asking price
Inventory / Stock value:
£10,000 - included in the asking price
Relocatable:
This business can be relocated.