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Business for sale in United Kingdom - Al161-vehicle repair and mot centre-nottinghamshire

Asking Price: 110,000 £ Real Estate: Lease
Sales Revenue: 115,000 £
Net Profit: 25,000 £
Year Established: 1980
Employees: 1PT
# of family members employed: Not Disclosed
Location criteria:
United Kingdom/City of Nottingham/Nottinghamshire

Business types:

Services

Business categories:

Auto Body Shops ; Auto Repair Shops

Business description

turner butler are delighted to be appointed as sole selling agents for this exciting business opportunity which has never been brought to the market for sale before. This village based business has been run by the current owner for more than 30 years, whilst utilising his generic experience gained over 50+ years, in a refreshingly “old fashioned” way. This has allowed the business and its owner to develop strong links with the local community. The owner now wishes to move towards a well earned retirement and is now looking to place the business in the safe hands of a new and younger owner, with fresh drive and enthusiasm. The current owner also owns the freehold and is prepared to negotiate a flexible package which may include the option to purchase the freehold either immediately or after 3 or 5 years, for example. The business carries out mechanical repairs and mot testing at its premises which include one building with roller shutter doors at both ends for excellent access, 3 work bays and 2 hydraulic lifts (including the mot testing bay). Next door there is an interconnected building with 2 further work bays and a further hydraulic ramp, with roller shutter doors at one end, plus the garages office and reception area. Also, upstairs there is a one bedroom flat which has been modernised but requires some small finishing, which comes integral to the package. This package offering would ideally suit an individual or couple that would perhaps wish to occupy the flat whilst developing the business downstairs, and perhaps in time take up the option to purchase the freehold. In wishing to be as flexible and helpful within this offering, the current owner has expressed his willingness to help the new owner with mot test work, if required, as the garage currently carries out circa 500 mot’s per annum at a cost of circa £50 each. Please note: the stated fiscal performance figures are currently being achieved on a 4 day a week basis, and on limited hours, thus demonstrating the potential for further development and profitability. Equipment: the company owns and operates an inventory of equipment and machinery etc. In the daily smooth operation of its business. All such inventory, including the 3 fixed hydraulic ramps and the rolling road, is expected to be included in a successful sales package. Customer service: as previously mentioned, the business has strongly forged links with the local community, which have been developed over 30+ years. It is felt that, in its village location, and the current owners friendly and somewhat old fashioned approach to his business, that there is a deep vein of local trust and trade to be developed further.

Additional information

Additional information: Not Disclosed
Support & training: Full support and any necessary training will be provided during handover as part of a successful sale package.
Reasons for selling: As previously mentioned, this sale is part of a structured exit strategy to retirement.
Financing available: Not Disclosed
Inventory / Stock value: Not Disclosed

Real Estate

Ownership: no
Lease: yes
Lease terms: The newly created lease for the new owner is expected to be in the region of £15,000 per annum rent.
Location: Previously described in “Business Profile”. The newly created lease for the new owner is expected to be in the region of £15,000 per annum rent, with suitably negotiated and optional purchase points.

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