Profitable MOT & Garage Services

Minehead, Somerset
REF: 01715

Asking Price:
£295,000
Annual Turnover:
£260,000
Annual Net Profit:
£36,000
Reduced
Recently Sold
REF: 01715
Photo of Profitable MOT & Garage Services
Photo of Profitable MOT & Garage Services
Photo of Profitable MOT & Garage Services
Photo of Profitable MOT & Garage Services

Overview

Tenure:
Freehold
Established:
1989
  • Wide Variety of Products & Services
  • Huge growth potential
  • Excellent Reputation

Highly profitable MOT & garage services business available Freehold or Leasehold. This is a hugely locally renowned business trading since 1989, situated in a popular Somerset costal resort.

The business holds excellent turnover, long standing staff, and solid localised repeat trade. It is a multi faceted motor services business, with profitable MOT station, repairs, and diagnostic services, that has historically traded in car sales also.

Serving the local community, this is a well respected operation with much repeat business noted for its independent customer and client service ethos.

This is a well positioned, large and highly visible premises of circa 2750 square feet is located in a modern business and commercial premises park adjacent the local Tesco and McDrive. There is plenty of on road and private parking to the surrounds, with easy access to the town centre.

The premises and workspace are well equipped comprising of customer reception and office area, open plan work shop and work bays accessed by roller doors, housing 4 ramps, an MOT bay, diagnostic area, rear ancillary, storage, and staffing areas.

To the outside of the premises is plenty of tarmac and paved space, for a number of vehicles awaiting their works, or perhaps even an occasional sales forecourt.

With private office space, the business benefits a computerised database and back office system, controlling the large local and repeat custom base it serves so well.

Intelligent Business Transfer are extremely pleased to offer for sale either freehold or leasehold, this superb garage services business.

Built from scratch in 1989, this is a long standing, profitable, well established and respected business that has seen excellent growth year on year. The most recent turnover shows an income of £260,000 with a gross profit of £72,000 and adjusted net profits of around £55,000 per annum.

Built on a largely local client base with some tourism trade, the business is built on a successful and renowned customer and client service ethos offering MOT’s, engine diagnostic and tuning, repairs, engine management and akin garage services. The business currently carries out 35-40 MOTs per week at the full price of £54.85 each.

For Sale due only to our client wishing to retire, this is an excellent opportunity for a partnership or single operator to take advantage of the further scope and growth available.

A Leasehold option is also available at a rent of £16,200 per annum which would be a superb chance for a first time buyer, or could enable an apprentice type operator to start their own business.

The addition of a website and local online presence, along with some social media would help to increase trade, as would the re-introduction of previous car sales.

Location

Property

Rates
TBC
Accommodation Included
TBC
Freehold Property Value
TBC
EPC Rating
G 150+

Financial & More

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