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8412MK CAR REPAIRS & SERVICING L/H £80,000+SAV
Asking Price:
GBP 80000
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Business Location:
United Kingdom » Buckinghamshire » MILTON KEYNES
Category:
Services
»
Auto Repair, Parts & Services
Description:
Advent Business Sales are pleased to have been instructed to market this excellent repair and service garage, which was established by our client some 20 years ago and is only now being offered for sale due to his impending retirement.
Approximately 40% of our client’s turnover is attributed to contracts that he has to service and repair the vehicles of local taxi firms with the remaining 60% being from retail customers.
Included in the sale price if the following equipment:
• 2 x 2 post single ramp
• 2 gearbox hoists
• Compressor
• Hydraulic press
• Engineering hoist
• 3 x jacks
• Mig welder
• Acetylene gas welder
STAFF DETAILS
The owner runs the business alone
TRADING HOURS
Mon – Fri: 8.00am – 6.00pm
Sat: 8.00am – 12 noon
Sun: closed
BUSINESS PREMISES
• Ground floor area of approximately 1350 sq ft
• First floor mezzanine area of approximately 550 sq ft
• Small office
• W/c to the front.
TENURE: Leasehold
Original lease: 10 years
Remaining lease: 10 years
Review every: 5 years
Rent: £12,000 per annum
We are advised that the annual business rates are currently: £2,300
Financial Information:
Annual gross sales: (GBP)
N/A
Yearly Revenue: (GBP)
Total yearly sales revenue
134000
Net Profit: (GBP)
Total profit before taxes
N/A
General Information:
Business Area:
The business is located in the affluent area of Bletchley near Milton Keynes. It is situated along side several other garages, who all help to attract customers to each other.
Year Established:
1988
Is Relocatable?:
No
Business closed or an asset sale
:
No
Is Home based business?:
No
Real estate status
:
No
Market competition and expansion:
EXPANSION POTENTIAL The business currently turns work away on a very regular basis, so would ideally be purchased and run by 2 workers. There is also good scope to do MOT’s and bodywork repairs.
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