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Key Facts

[Ref: DBS070402]

Business For Sale : WELL ESTABLISHED MOT/SERVICE CENTRE
Location : Essex, UK
Asking Price: 99,950

Contact: Dedman Business Sales

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Business Description

Established by the current owner in excess of twenty two years ago, the business offers MOT's, service, repairs, bodywork, and a renovation service. The customer base is comprised by many local regulars, however many others travel in excess of twenty miles to have their cars repaired here due to a high level of loyalty. The only advertising to be carried out is a regular advert in the local paper as they are the only garage to advertise in it. Included in the sale is all of the equipment including the vendor's hand tools.

Legal Fees

Vendors and purchasers to meet their own contractual costs; purchaser to meet the reasonable costs in establishing any new lease.

Property

Garage unit of approximately 2,000 sq ft with reception, and office on first floor. 1 four post ramp and 1 two post.

Rates

Business rates payable of £2,400 pa.

Turnover

Accounts ending 31/3/06 show a turnover of £117,776 with a gross profit of 65%, however we are informed that the accounts ending 31/3/07 should show an increased turnover to approximately £130,000.

Tenure

We are informed that there are seven years left of the lease with a current rent of £8,050 pa.

Stock

The stock is to bed purchased separately at valuation;approximately £2,500.

Trading Hours

9.00 am to 5.00 pm Monday to Friday, 9.00 am to 12.00 noon Saturday.

Staff

1 Full time fully qualified technician plus the owner.

Reason For Sale

The vendor is retiring and moving to his property in France. That is why the sale includes all hand tools.

Finance

The business should readily support loan finance subject to status. For further information please contact Dedman Business Sales.

Conditions of these particulars are issued by Dedman for themselves and for the vendors and lessors of this property whose agents they are give notice that: These particulars do not constitute, nor consitutue any part of an offer or a contract. All statements contained within these particulars as to this property are made without responsibility on the part of Dedman, or the vendors or lessors. None of the statements contained within these particulars are to be relied upon representations of fact. Any intending purchasers or lesses must satisfy themselves by inspection or otherwise, as to the correctness of each of the statements contained in these particulars. The vendors do not make or give any person in this firms employment any authority to make or give any representations or warranty in relation to this property.

 
 

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