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Mot Garage And 4x4 Specialist For Lease

Holsworthy, Devon, UK
Asking Price:
£40,000
Turnover:
£200K - £500K
Net Profit:
£50K - £100K

Relisted due to time waster ...
MOT garage and 4x4 specialist lease for sale

A part-time manager has been running the garage for the past three years due to the owners other projects ( non motor linked ) .
The only reason for sale is the owner is looking to semi-retire and has other non-motor-related businesses.

It is open from nine am to five pm, four days a week.

Well known for Mitsubishi L200 and has customers from all over the country. It has five-star ratings on all platforms. It is also well regarded locally.

It has been frustrating to turn away work regularly.

There is a lot more potential to expand into the larger building next door. The current owner is willing to give support to ensure a smooth transfer.

The building is insulated and complies with the latest regulations, erected just three years ago. The equipment includes a class four and seven mot bay and a 5000 kg lift.

The price includes all the basic equipment to start trading immediately (toolboxes, hand tools, and dia equipment available at extra negotiation).

The lease is for ten years at £40,000 per year, renewable end of the term. The owner has had 3 independant valuations ranging from £45-65k but is offering this at £40k.

There is also another unit next door that will be available at separate negotiation to expand the business into more mechanics or body shop that will be replaced later this year for a new building , so the leaseholder can have input on this.
I expect the new leaseholder to be asking for this due to the workload before it's ready.

Get in touch for more information.

Property Information

Property:

Leasehold

Lease Terms:

long lease offered and renewable

Leasehold Rent:

£40,000 per annum

Location:

holsworthy devon

Premises Details:

MOT garage with class 4 and 7 . new building 12.5 x 13 meters

Business Operation

Expansion Potential:

lots of options , will also grow due to another local garage closing due to planning for houses

Reasons for selling:

owner wanting to semi retire

Trading hours:

has planning for 24hrs opening but currently 9-5 mon-fri

Employees:
2
Years established:
8

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