for Sale in Bilsthorpe

Bilsthorpe, Nottinghamshire
REF: S06293

Asking Price:
£95,000
Annual Turnover:
£79,719
Annual Net Profit:
£16,937
REF: S06293
Photo of for Sale in Bilsthorpe
Photo of for Sale in Bilsthorpe
Photo of for Sale in Bilsthorpe
Photo of for Sale in Bilsthorpe

Overview

Tenure:
Leasehold
Established:
1992
  • Excellent Reputation
  • Very Loyal Customer Base
  • Well Equipped Business
  • Equipment Included
  • Spacious Premises

Option to purchase freehold - £425,000

Now available to the market is this highly reputable garage and MOT centre situated in Nottinghamshire, only available due to the current owner seeking early retirement due to ill health.

Established in 1992, the business has been operating successfully by offering a vast number of car repair solutions to the general public, gaining wide recognition not only from the local community but also from renowned directories and companies within the industry.

A committed buyer would take on a large premises comprising two commercial units and a large carpark to the rear, as well as the garage’s large base of clients and desirable reputation, to continue trading at profitable levels.

Whilst the business has experienced strong financial growth year on year, previously exceeding £500,000, the recent decline in turnover is a direct result of the owner’s ill health and limited staffing.

The business comes with MOT testing stations, four services ramps, a painting area, a fitting bay, and much more. With huge potential for growth and all equipment included, this would be the perfect opportunity for a trained mechanic or a competitor in the area.

The property has an ideal location, close to schools and a local village, with easy access from the A614 and A617. Furthermore, there are 400 new homes being built nearby.

All work is carried out on site in a multi-fronted, semidetached property. Set across four commercial units, the garage boasts ample room and facilities (7,325 sqft). The first two units are utilised for MOTs and repair work, accommodating a small reception and office area to the front. Beyond this is a large workshop which houses 4 MOT ramps and all diagnostic equipment, worth around £100,000.

The second two units are used as their MOT office and spray booth.

Externally, there is a large fully secured forecourt to the side, currently used as a car park. A valeting bay also exists in the rear.

The building and land are worth around £300,000. The new owner can lease the property for £18,000 p.a. and could then choose to purchase the premises at a later date. There are no business rates.

The garage holds a wealth of opportunity which any driven new owner could take advantage of. It would be most suitable for a trained mechanic or direct competitor looking to expand their portfolio.

Despite great success so far, the business could be developed further. For example, introducing the sale of serviced used cars and using the car park as a sales lot would help to boost profit. Implementing an online marketing campaign would be beneficial in growing its exposure and customer base. Extending the opening hours to trade past 5pm on weekdays and 1pm on Saturdays would increase workload by attracting more customers who require alternative hours.

The business possesses an excellent, informative website which also showcases its various accreditations. An active Facebook page includes promotional posts, exclusive offers, and reviews.

A transitional period is available.

Features

Key Information

  • MoT Centre: Yes
  • Number of Ramps: 4
  • Painting Area: Yes
  • Tyre Sales: Yes
  • Retail Capacity: Yes

Reputation

  • Google: 5

Online Presence

Location

Loading...
  • Residential Location
  • Close to Local Businesses
  • Close to Schools
  • Good Transport Links
  • Limited Competition

Property

Annual Rent
£18,000
Annual Rates
TBC
Lease Term (Years)
TBC
Lease Expiry (Year)
TBC
Accommodation Included
No
EPC Rating
C 51-75

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