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8981LE LEICESTER FREEHOLD: £262,000 FREEHOLD GARAGE, REPAIRS & MOT PREPARATION

Asking Price: GBP 262000
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Business Location: United Kingdom » Leicestershire » LEICESTER 
Category: Services » Auto Repair, Parts & Services
Description:
Advent Business Sales are delighted to
offer to the market this extremely well
established servicing garage, which has
been trading very successfully for the
past 35 years.
The current vendors have been in
constant ownership during this period.
The owners are reluctantly selling due
to retirement.
Our client has achieved an enviable
local reputation and has still many of
their original customers from 35 years
ago, indeed, in some cases their
children and grandchildren.
The garage has a regular customer base
of approximately 300.
It is indeed rare to come across such a
clean and tidy garage with its
immaculate workshop and tidy
forecourt.
The garage offers mechanical servicing
and repair work as well as MOT
preparation and diagnostic on both
petrol and diesel powered vehicles.
Indeed, much of the local national
health fleet are serviced here.
The garage appears on the ‘good
garage’ web site and has a small van
used for parts collection and also a
courtesy car.
We are advised that stock at cost is
approximately £2,500.
The two full time owners and 1 full
time employed mechanic staff the
business.
The garage has a recent asbestos
certificate indicating clear, an up to
date wiring certificate, a 3½ year old
heater with servicing details and a
linked (monitored) alarm system.
REF: 8981LE
 
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Financial Information:  
Annual gross sales: (GBP) 197442
Yearly Revenue: (GBP)
Total yearly sales revenue		 N/A
Net Profit: (GBP)
Total profit before taxes		 N/A
General Information:  
Business Area:
Year Established: 1973
Is Relocatable?:
 No
Business closed or an asset sale : No
Is Home based business?: No
Real estate status: Yes
Number of Employees: 03FT
No of trading hours: Mon-Fri: 8am – 5.30pm
Reasons for selling:
 The owners are reluctantly selling due to retirement.
Market competition and expansion:
 MOTs could be added at minimal cost. There is now no city centre diesel centre. Electronic tuning could be added. The recent completion of local residential developments will be a potential source of expanding the customer base. New blood could really expand this business to another dimension.
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