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Mon, Aug 03 2020 09:46:38 AM  |  /

Freehold Approved MOT and Mechanical Repair Garage -Rolling ramp for MOT, 2 hydraulic lift

Business Id:000274     |    Reference: AL224
Freehold Price:
£465,000.00
Business Description

Freehold Approved MOT and Mechanical Repair Garage -Rolling ramp for MOT, 2 hydraulic post lifts
Freehold premises value £220,000
Ref. AL224
Location : Isle of Sheppey
Asking Price : £465,000 inc. Freehold value £220,000

The team provides high quality MoT testing, diagnostic services and repairs and has a professional approach to repairing customer vehicles to MoT standard.

Customer Service:

Key Strengths:

• Full garage services business
• Very well established business – over 12 years of successful trading.
• Highly skilled, loyal, trained and experienced staff.
• Freehold premises.

The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.

Gross Profit c£74,141
The Asking Price of £245,000 is for 100% of the issued capital of the company, assuming Net Assets of £10,000 on completion (calculated on a zero cash-zero debt basis) PLUS the freehold property with the value stated as £220,000.

The business has its own website for promoting its services, but undertakes very little marketing. Most business is gained through word of mouth reputation.

The business provides an excellent platform for future growth, possibly through additional marketing.

The premises are freehold are included in the asking price and we are advised that the market value is circa £220,000.

Rates. No rates currently payable under Small Business Exemption.

Monday – Friday: 8am – 6pm

Owners assisted by 1 Full Time employed mechanic.

The vendor now wishes to emigrate.

If you are looking for finance to fund your business purchase then we recommend that you talk with our independent finance broker. Because of his many years working at a senior level for a major high street bank he has had more success with finance applications than anyone else we know. He has helped numerous purchasers of businesses that we are selling, including buyers who have been turned down by their own bank! Call us today on 0800 046 1652 or email us at finance@turnerbutler.co.uk

 

Business Information
Turnover:£120,852.00 Annually
Property Status:   Freehold
Is this business relocatable: No
Business Sector: Automotive Services Businesses, Garages, MOT Garages
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