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Independent Auto Repair Specialists - Manchester For Sale

Denton, Greater Manchester, UK
Asking Price:
£175,000 Furniture / Fixtures included
Turnover:
£368,157
Net Profit:
Available on request

Bentley, Jaguar, Land Rover & Mitsubishi Specialist
Full Service Centre
Accounts To 30th June 2020 (Note Period Covers Lockdown)
Annual Turnover £368,157
Gross Profit £259,155
Accounts Available Upon Viewing
Modern Workshop With Latest Equipment & Tech
Class 4 & 7 MOT Station (Green Score)
ATL Test Lane
Scope To Trade Weekends
Potential To Introduce MOTs
EPC - D

REF 7394 – Leasehold Independent Auto Repair Specialists

Blacks Brokers are pleased to bring to the market this leasehold independent auto repair specialists located in a popular commercial area of Denton, Greater Manchester.

INTRODUCTION

Mitsiland Ltd was established by our client in 2006 to provide a high end service specialist in this area of Manchester. Due to exceptional growth and popularity, the business moved to its current premises in 2008. Our client has focused on specialising in Bentley, Jaguar, Mitsubishi and Land Rover since October 2016 and anticipates further growth over the next five years. Traditional advertising has not been required as customers are attracted to the business through recommendation and referrals. The website is optimised and attracts a steady flow of customers to the business. Social media also plays a major part in the promotion of the garage, with regular postings on Facebook, Instagram and YouTube to attract a larger audience. The business currently does not actively market to its database providing another marketing opportunity for a new owner. Mitsiland Ltd has an enviable reputation within this business sector and has a host of excellent reviews noted on Google.

LOCATION

To the east of Manchester, close to Denton Town Centre the business occupies a prominent position within Tameside Business Park which is ideally located for both local and regional businesses seeking excellent links to the national motorway network. Its proximity to the M67/M60 intersection allows quick and easy access to and from Manchester City Centre, Stockport and South Yorkshire. Parking is available immediately outside the premises.

REASON FOR SALE

The business is ideally suited to a hands-on owner-operator but our client is now looking for a change in lifestyle. Therefore, the business is offered for sale and presents an excellent opportunity for a new owner-operator or team to take the business to the next level.

LEASE

The building is available on a competitive rent on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial property lease. We are advised that a new five year lease is available for a new owner at a cost of £298 per week.

STAFF

The business is currently operating with three members of staff in total supporting our client and his spouse working on a full time basis.

FINANCIAL DETAILS

Mitsiland Ltd has traded solidly during the last twelve years. The accounts for 2018 show a significant increase in turnover & gross profit over 2017, and the Annual Accounts To 30th June 2020 (Note Period Covers Lockdown), Annual Turnover £368,157, Gross Profit £259,155. Full financial details are available upon viewing.

BUSINESS RATES

The rateable value is £13,500. Purchasers should enquire with relevant local authorities to confirm the rates payable.

SUMMARY

This leasehold business occupies a prominent and enviable trading position within a busy commercial area of Denton. Our client has ensured the business has a base of regular customers and a superb reputation. At present, the garage does not trade at weekends – this is to suit our client’s lifestyle. Demand for weekend trade is high and huge potential for a new owner. 80% of the trade is service, the business does not offer trade MOTs as this stage. MOTs are another area that could create exceptional growth opportunities for a new owner. Early viewings are strongly advised.

Property Information

Property:

Leasehold

Business Operation

Trading hours:

Mon - Fri - 8.30am - 5pm
Sat & Sun - Closed

Contact Blacks Business Brokers

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