Reputable Garage and MOT Centre in Nottinghamshire

Bilsthorpe, Nottinghamshire
REF: S06293

Asking Price:
£175,000
Annual Turnover:
£87,006
Annual Net Profit:
£5,481
REF: S06293

Overview

Tenure:
Leasehold
Established:
1992
  • Wide Range of Car Repair Services
  • Large Fully-fitted Garage
  • High Turnover from Limited Trading
  • Returning Customer Base
  • Great Local Reputation

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.

All work is carried out on site in a multi-fronted, semidetached property. Set across two commercial units, the garage boasts ample room and facilities. The first unit is 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 unit is used as a storage area, leading to a small well-renovated reception area for greeting customers. An additional office area alongside this is made use of by senior staff.

Externally, there is a large forecourt to the side, currently used as a car park for both staff and customers which can accommodate up to 60 cars. A valeting bay also exists towards the rear.

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.

Available on a rare freehold basis, 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.

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  • Industrial park location
  • Other businesses nearby
  • Residential area
  • Good transport access
  • Minimal local competition
Rent
£5,200
Rates
£131
Lease Term
TBC
Lease Expiry
TBC
Square Footage
TBC
Accommodation Included
No
Premises Licence
TBC
Property Value
TBC
Planning
TBC
EPC
C 51-75

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