Freehold Approved MOT and Mechanical Repair Garage -Rolling ramp for MOT, 2 hydraulic post lifts
Freehold premises value £220,000
Location: Isle of Sheppey
Asking Price: £465,000 inc. Freehold value £220,000
Asking price includes:
Turnover c£120,852 per annum
Gross Profit c£74,141
EBITDA £9,100
Class 1, 2 4 & 7 for MOT
Appointed Vehicle Operator Services Agency (VOSA)
Vehicle diagnostic equipment
Business Profile:
Established for 17 years, the vehicle centre provides high quality MoT testing within a professional environment. This is a profitable business which has performed consistently well throughout its years of operation due to the quality of workmanship.
The team provides high quality MoT testing, diagnostic services and repairs and has a professional approach to repairing customer vehicles to MoT standard.
The future outlook for this sector is ongoing with Mot’s and maintenance repairs in constant demand. The centre has an excellent reputation and receives many referrals due to the quality of service with all tests completed by MoT testers nominated by VOSA.
Customer Service:
The vendor has been in the motor trade for many years and fully understands the importance of complete customer satisfaction. This business is an Appointed Vehicle Operator Services Agency (VOSA) and uses top quality replacement parts and provides a 100% comprehensive service. This is illustrated by the fact it enjoys very high levels of repeat business.
Key Strengths:
The Company has the following key attributes:
• Full garage services business
• Class 1,2,4,& 7 MOT station.
• Very well established business – over 12 years of successful trading.
• Loyal customer base.
• Highly skilled, loyal, trained and experienced staff.
• Well equipped workshop.
• Freehold premises.
Growth and Expansion:
The business provides an excellent platform for future growth, possibly through additional marketing.
Advertising:
The business has its own website for promoting its services, but undertakes very little marketing. Most business is gained through word of mouth reputation.
Employees:
Owners assisted by 1 Full Time employed mechanic
Business Hours:
Monday – Friday: 8am – 6pm
Premises:
The premises are freehold are included in the asking price and we are advised that the market value is circa £220,000.
Based in the Isle of Sheppey, the premises are circa 2,900 sq. ft. with offices. The workshop comprises 2 hydraulic post lifts and a rolling ramp for Mot’s which are offer for class 1, 2, 4 and 7.
Rates. No rates currently payable under Small Business Exemption.
Financial Information:
The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.
Turnover c£120,852 per annum
Gross Profit c£74,141
EBITDA £9,100
The Asking Price of £245,000 is for 100% of the issued capital of the company, assuming Net Assets of £10,000 on completion (calculated on a zero cash-zero debt basis) PLUS the freehold property with the value stated as £220,000.
Reason for Sale:
The vendor now wishes to emigrate.
