Buy a business

Excellent Well-positioned Car Repair Garage

Herefordshire

Advert ref: 1798JMH

Business Partnership is pleased to have been appointed as sole selling agent in order to seek a purchaser for this very well positioned business, which has only been made available for sale due to a change in the personal circumstances of our client.

This well-respected auto repair garage caters for all makes and models for routine servicing and all general repairs, MOT testing (although not carried out onsite) tyres and air conditioning through to the fitting of an infinite range of parts, including turbochargers.

The business was original incorporated in 2003 and has been trading at £185k - £206k for the last 3-years but offers huge scope for building on this solid and consistent trading platform under the right ownership.

We strongly recommend that any seriously interested party should look to view this business at their earliest convenience.

Key features:

  • Trading since it's incorporation in 2003.
  • Excellent well fitted out workshop.
  • Trading over the last 3-years as averaged £193,000.
  • Adjusted net profit for the working owner for the Year Ending 31 March 2020 was some £55,069 prior to directors salary, depreciation, tax etc.
  • Excellent well fitted workshop of some 1,843sf, plus well fitted reception incorporating waiting area and separate managing office.
  • Currently attracting zero rates under the local council small business rates support.
  • New 3-year, fully renewable, lease from September 2020 at an attractive rental of £9,600 per annum.
  • Genuine reason for sale.

Property Details: Leasehold
Asking Price: £79,500 + Net Assets (Leasehold)
Turnover: £186,456 Annual
Location:

Excellent secondary location in a busy and thriving large Herefordshire town and within easy walking of the main town centre. 

Well present modern unit which sees a plethora of small businesses of various kind within the local area.

Premises Details:

Large workshop area with various storage areas off, including tool/pressing room, component cleaning and oil room, general storage areas including over office areas plus the usual restroom units.

Lease Terms:
Leasehold – we understand that a fully renewable 3-year lease, which commenced in September 2020, is in place for any purchaser at a rental of £9,600, per annum.

The landlord has confirmed that a new longer lease is available, subject to status, should one be required.

Reason For Selling:
Genuine reason for sale. 

Excellent Well-positioned Car Repair Garage Herefordshire

Financial Details

  • Leasehold: £79,500 + Net Assets
  • Turnover: £186,456 Annual
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