Sovereign Business Transfer is delighted to present this established tyre and automotive service business located in South Manchester. Having been in operation since 2005, the business specialises in tyres and a wide range of general motor repairs, providing essential services such as interim, full, and major car servicing. The centre is situated in a prime, high-visibility location, ensuring a constant flow of potential customers. The business is operated by the owner, supported by a full-time tyre fitter, part-time manager, and two full-time mechanics. Over the years, it has developed a loyal client base with regular and repeat customers, reflecting the high quality of service provided. Operating hours are Monday to Friday from 08:00 to 17:00 and Saturday from 08:00 to 12:00, with Sundays off.
This leasehold business is available for £295,000.00+ SAV, with a new lease available to approved candidates. The well-equipped workshop unit (70.3m2) handles general motor repairs and diagnostics. Additionally, as a member of a national company service network, the garage adheres to high standards and enjoys top-tier business support. The network offers members a wide range of products and services, enhancing business operations and competitiveness.
The concern has maintained a healthy financial position, with a reported turnover of £739,865 and a Gross Profit of £335,368 for the year ended 31 January 2024. Full accounts and disclosure will be available after a successful viewing, underscoring the business’s viability and potential as an investment.
In summary, this is a highly desirable business with a long trading history, a strong client base, and a prime location. Viewing is highly recommended to appreciate the quality and potential of this leasehold tyre and automotive repair business. The current lease has expired; however, we are advised (subject to landlord approval) competitive new lease terms are available. With significant scope to increase turnover and regular repeat trade, this genuine sale represents an excellent investment opportunity.
Prime location within thriving residential and industrial area
Turnover £739,865, GP £335,368, EBITDA £160,131
Vast scope to increase turnover
Competitive new lease terms available (Subject to approval)
High customer retention
Genuine reason for sale
