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Thriving Independent Mot Garage For Sale

Hampshire, Hampshire
Asking Price:
£124,995
Turnover:
£124,632
Net Profit:
Available on request

Business

Hilton Smythe are delighted to offer to the market a thriving independent MOT garage with outstanding customer feedback and reputation. The garage comes with the added bonus of a large first floor office suite which could easily be utilised by a secondary or complementary business type.

The business ideally needs a manager to take over with a hands on approach and have experience in the industry.

The business is been offered for sale due to other business commitments of our client who only spends minimal working hours a few mornings each week in the garage. Any new owner could easily reduce the current labour costs and carry out all MOT services alone which would quickly take the current net profit up to £60,000 per year.

The business is a 100% unbiased MOT testing station offering professional MOT’s to all cars, class 4, 5 and 7 vehicles. There entire ethos is to carry out an honest MOT as their judgement is not impaired by any further repair services any similar garage may also offer.

They are proud to be a ‘Green’ coded testing station which uses full testing equipment less than 4 years old. Currently the garage completes 16-17 MOT’s per day at a price of £45 per test.

The Excellent website offers Google first page presence.

Our client invested in a fully computerised booking system which allows customers to book online as well as automatically send them a SMS text reminder when their next MOT is due.

Excellent reviews include 5/5 from the ‘Good Garage Guide - Honest John’ and 5/5 from 50 reviews on Facebook.

A full handover will be offered by our client.

Location

This Independent MOT garage occupies a highly visible corner trading position in Hampshire.

There is off street customers parking for 8-19 cars.

Premises

Front External - off road car park for up to 10 vehicles

Ground floor -

Customer waiting area with coffee machine and comfortable leather sofas

Customer toilets

Management office and stockroom

Large open plan garage with full height roller shutter entrance, ability to house min 6-8 cars or vans. Technique MOT testing bay, 3.5 Tonne 4 Poster ramp.

First Floor -

Office 1 - 3 x desks with full length side windows

Office 2 - private management office

Office 3 - large open plan office with windows to both left and front of building as well as internal window overlooking garage, can accommodate upto 10 desks comfortably.
Staff kitchen - fitted with base units, sink and boiler cupboard.

Tenure

We are advised the business is been sold as a Leasehold opportunity with 1 year remaining in a 5 year renewable lease in place paying just £25,000 per year, any new owner may look to share the building rent by using the first floor office for s secondary or complementary business. The business rates payable for the current year are a combined £8,400.

Hours

Monday to Friday - 8.00am - 5.30pm and Saturday - 8.00 - 12.30pm

Staff
The business is mainly run by a full time employed Mot tester, a floating Mot tester and our client.

Financial Profile
Currently run to suit our client the business enjoyed a 2018 Turnover of £124,632 and adjusted net profit in the region of £60,000.

Property information

Property:

Leasehold

Contact Information

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  1. What will happen?

    We will pass a copy of your enquiry information, along with the name of the business you enquired on to finance specialists Rangewell. They will contact you in due course about financing your business purchase.

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