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8932NG NOTTINGHAM LEASEHOLD: £99,950 MOT GARAGE & REPAIR CENTRE

Asking Price: GBP 99950
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Business Location: United Kingdom » Nottinghamshire » NOTTINGHAM 
Category: Services » Auto Repair, Parts & Services
Description:
Advent Business Sales have been instructed
to offer for sale this well established and
popular business, which has been trading for
over 20 years.
The business has been in the careful hands of
the current owner for the last 10 years.
He has decided to sell due to growing family
commitments.
Our client carries out all forms of vehicle
repairs including mechanical and diagnostic
fault finding as well as servicing and MOT
testing.
The substantial database of customers
provide an excellent turnover which has
potential for further enhancements.
As well as the vendor, who works full time,
a further 3 qualified mechanics compliment
the workforce.
Our client completes in excess of 15 MOT
testings a week.
The business is well equipped with:
• 5 x service bays
• 1 x MOT rolling road bay
• 1 x tyre bay
• 2 x further storage areas for
environmental waste
• All equipment is of high
specification.
REF: 8932NG
TRADING HOURS
Mon-Fri: 8.30am – 5.30pm
Sat: 30am – 1pm
EXPANSION POTENTIAL
There is tremendous scope to further increase
sales and profits, this could include:
1. Increasing MOT intake capacity
2. Advertise further
3. Add car sales as the forecourt has
ample space to accommodate this
4. Include valeting and car wash
FINANCIAL INFORMATION
We have been advised by the vendor of the
following:
Annual sales: £241,000
Gross Profit: 40%
Accounts will be made available to
interested parties after a viewing has taken
place.
Please let us know if you require finance for
the purchase of a business.
BUSINESS PREMISES
Th business commands a prime location
which has the additional security benefits of
an alarm and CCTV systems and consists of
the following:
Ground Floor
• Customer waiting area
• Trade counter
• Office
• W/c
• Staffroom
• Storage areas
• Workshops
• MOT bay
External
 Forecourt can easily accommodate
20+ vehicles
TENURE: Leasehold
Original lease: 10 years
Remaining lease: 6 months (new 10
year lease available)
Review every: 3 years
Rent: £17,500 P.A.
We are advised that the annual business
rates are currently: £5,600
VIEWING
Please DO NOT approach the business or its
employees without a prior appointment.
All appointments are to be made via our
office.
 
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Financial Information:  
Annual gross sales: (GBP) 241000
Yearly Revenue: (GBP)
Total yearly sales revenue		 N/A
Net Profit: (GBP)
Total profit before taxes		 N/A
General Information:  
Business Area:
Year Established: 1998
Is Relocatable?:
 No
Business closed or an asset sale : No
Is Home based business?: No
Real estate status: No
Number of Employees: 03FT
No of trading hours: Mon-Fri: 8.30am – 5.30pm Sat: 30am – 1pm
Reasons for selling:
 The business has been in the careful hands of the current owner for the last 10 years. He has decided to sell due to growing family commitments.
Market competition and expansion:
 There is tremendous scope to further increase sales and profits, this could include: 1. Increasing MOT intake capacity 2. Advertise further 3. Add car sales as the forecourt has ample space to accommodate this 4. Include valeting and car wash
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