A long-established and highly profitable Northumberland based Vehicle Repair and MOT business, occupying a prime position with excellent passing traffic and a loyal customer base. The business is sited within a 1.39 acre freehold plot and comprises three bays, a separate MOT booth, two sales offices and ancillary workshops and storage rooms. The sale consists of the fully functioning business as a going concern with the existing fully equipped premises available to let on flexible terms. Having established an excellent reputation for quality service and customer care, there is little current outlay on marketing. However, there is undoubted potential to expand the business and it's range of services, if desired. The sale is due to owner-retirement.
- Asking Price:
- £350,000 Furniture / Fixtures and Inventory / Stock included
- Turnover:
- £500,000
- Net Profit:
- £100,000
Property Information
- Location:
-
A long-established and highly profitable Northumberland based Vehicle Repair and MOT business, occupying a prime position with excellent passing traffic and a loyal customer base. The business is sited within a 1.39 acre freehold plot and comprises three bays, a separate MOT booth, two sales offices and ancillary workshops and storage rooms. The sale consists of the fully functioning business as a going concern with the existing fully equipped premises available to let on flexible terms. Having established an excellent reputation for quality service and customer care, there is little current outlay on marketing. However, there is undoubted potential to expand the business and it's range of services, if desired. The sale is due to owner-retirement. Occupying a prime position on a busy central village thoroughfare, close to shops, the main Newcastle-to-Carlisle rail line and station and the A69 road link.
- Premises Details:
-
Includes: Full MOT services, Car and commercial vehicle servicing and repairs, Tyres, Diagnostics & re-tuning, Air conditioning.
All existing tools, ramps, stock and equipment are included in the sale as a going concern.
Available to let on flexible terms, and including the option to purchase at a later date. Current rateable value is £16,250.
Fully equipped workshop with three lift bay's, A separate MOT testing bay (with recently fitted gas analyser and brake rollers), Two sales offices, Ancillary workshops and storage space and Customer/Staff car parking.
Business Operation
- Management type:
- This business is owner operated.
- Expansion Potential:
-
Consistent annual turnover of circa £500,000 with a healthy six-figure annual profit.
Due to the confidentiality, a non-disclosure agreement would need to be signed before further accounts information can be provided.
There is undoubted scope to expand or develop the business, it's range of services and it's trading hours, if desired.
- Reasons for selling:
-
Retirement
- Trading hours:
-
Monday to Friday: 7.30am - 5.30pm.
Saturday: 7.30am - 12pm.
Sunday: Closed.
- Employees:
- The business currently employs three full-time mechanics (two of whom are MOT qualified testers).
- Years established:
- 120+
Other Information
- Support & training:
-
Handover period to be provided
