Business for Sale in Nottinghamshire

Nottinghamshire
REF: INT1877

Asking Price:
£395,000
Annual Turnover:
£530,478
Annual Net Profit:
£114,733
REF: INT1877
Photo of Business for Sale in Nottinghamshire

Overview

Tenure:
Leasehold
Established:
1994
  • Excellent Reputation
  • Huge Growth Potential
  • Low Overheads
  • Well Equipped Business
  • Equipment Included

We are delighted to welcome to the market this unique opportunity to acquire a leading and highly reputable company, which offers MOT testing, servicing options, and repairs and has an ideal location in East Midlands.

This thriving business was first established in 1994, the business has shown continued growth whilst also building up a loyal, repeat customer base and gaining an excellent reputation for their trustworthy and high-quality service offering.

The expert team of mechanics have the knowledge and experience to undertake works on vehicles of all makes. The MOT centre provides class 4 and class 7 MOT's and a wide range of motor services to their customers, supplying tyres, exhausts, and brakes, as well as offering general servicing and repairs.

Over the years, the business has amassed brilliant customer testimonials and over 50 5-star reviews on Google and Facebook. This is a testament to the company’s renowned name and competitively priced garage services.

The business is expecting exponential growth in the next few years and has a projected EBITDA of £135,000 in 21/22, with this figure set to reach £150,000 in 22/23.

With low overhead costs, this thriving MOT service centre would be the ideal opportunity for an operator in the sector looking for a hands off approach or equally someone who is looking to get involved with the day to day running of the business.

The business has an ideal location in Retford, Nottinghamshire. The premises are based in a business centre, with proximity to other local businesses and plenty of passing trade. The property benefits from on-site car parking, as well as further parking nearby.

All assets and equipment will transfer over with the sale, which have an approximate value of £85,000. An inventory of assets will be available upon request. The stock will be valued at the time of the acquisition and will be in addition to the asking price. This will include but is not limited to tyres, oils,cv boots, batteries, etc.

The friendly, professional team comprises six employees, who all have a wealth of knowledge of the business and years of experience. Due to this highly knowledgeable team, there should be an easy transition for the new owner.

This would be the perfect opportunity for an operator in the industry, who is now looking to acquire a thriving business, which has a brilliant trading history and excellent profit and turnover figures.

There is huge potential for growth with this business, as there is an additional car sales opportunity, that was running successfully until 2021, generating a turnover of £250k with a profit of £40k.

The business already has a brilliant, easy-to-use website and a popular presence on social media. These platforms act as an excellent sales window for the business. It would be highly beneficial if the new owner continued to utilise and optimise these online channels.

Features

Key Information

  • MoT Centre: Yes
  • Number of Ramps: 4

Reputation

  • Google: 5
  • Trustpilot: Great

Online Presence

  • Facebook: Yes

Website: www.thrumptonmotorcompanyltd.co.uk

Location

Loading...
  • Residential Location
  • Close to Local Businesses
  • High Footfall
  • On-Site Car Parking
  • Nearby Car Parking

Property

Annual Rent
£21,000
Annual Rates
TBC
Lease Term (Years)
5
Lease Expiry (Year)
2025
Accommodation Included
No
EPC Rating
B 26-50

Financial & More

Annual Turnover
XXXX
Annual Net Profit
XXXX
Stock at Valuation
XXXX
Company Accounts
XXXX
Trading Entity
XXXX
Management Structure
XXXX
Number of Employees
XXXX
Current Ownership
XXXX

Refine

Miles
£
£
£
£
Timed popup