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AL161 -Vehicle Repair and MOT Centre

Asking Price: GBP 110000
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Business Location: United Kingdom » Nottinghamshire » Nottinghamshire 
Category: Services » Auto Repair, Parts & Services
Description:
Vehicle Repair and MOT Centre
Ref.AL161
Location Nottinghamshire
Asking Price £110,000
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.
Financial Information:  
Annual gross sales: (GBP) N/A
Yearly Revenue: (GBP)
Total yearly sales revenue		 115000
Net Profit: (GBP)
Total profit before taxes		 N/A
General Information:  
Business Area: N.A.
Year Established: 1980
Is Relocatable?:
 No
Business closed or an asset sale : No
Is Home based business?: No
Real estate status: No
Number of Employees: 02
No of trading hours: Monday – Thursday: 8.30am – 5.00pm
Reasons for selling:
 As previously mentioned, this sale is part of a structured exit strategy to retirement.
Market competition and expansion:
 As a demonstration of the trading pattern established with the local community, the business does not advertise at all, and does not have an internet website. In fact, there is a distinct lack of any form of computerisation in the business, a factor of which the current owner is very proud.
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