For Sale
Extremely Well Established Car Repairs Garage For Sale
Dundee, Angus
- Asking Price: £199,995 +SAV
-
Turnover:
We are advised as per the 2020 accounts, the business generated a turnover in the region of £354,000. Full financials can be made available upon further request.
Please quote reference B07063
- Tenure: Leasehold
Please quote reference B07063
Hilton Smythe are delighted to welcome to the market CP Garage Services (Dundee) Limited, an extremely busy MOT station and repairs workshop in Dundee.
This well known business opportunity was first established by our clients in 1993 and has now come to the open market due to our clients wish to retire.
The business has built up an excellent reputation and loyal customer base during its time of trading. The business offers a wide range of services.
The sale of the business includes all the equipment in the building. Our clients have advised that large Stock of classic Alfa Romeo parts can be sold with the business if required.
They currently specialise in Fiats and Alfa Romeos, but do all makes and models of vehicles. The majority of their work comes from the recommendations of owners via the Alfa Romeo Owners Club and the Alfa Romeo Forum.
Key selling points -
- Extremely busy MOT station and workshop.
- Good customer base from all over Scotland as well as regular local customers
- Small fleet of leased courtesy cars to go with the business for use of out of town customers.
- Possibility to open other branches in a different town
- Use more social media platforms
We are advised that the business has 5 members of staff.
The business hours are-
Monday – 8:00am - 5:30pm
Tuesday – 8:00am - 5:30pm
Wednesday – 8:00am - 5:30pm
Thursday – 8:00am - 5:30pm
Friday– 8:00am - 5:30pm
Saturday – 9:00am – 12:00pm
Sunday Closed
CP Garage Services (Dundee) Limited is located on Baluniefield Trading Estate in Dundee and is in close proximity to the A92.
There is also a very large car parking area to the front of the unit.
The business occupies a single front industrial unit.
Upon entrance is the main workshop area, which is very spacious.
- 4500sqft 3 x 2 Post ramps
- 1 x 4 Post ramp
- 1 x ATL 4 Post full MOT including all equipment.
Tenure
We are advised that the business is being sold on a Leasehold basis, with the current lease on a year to year lease agreement. The rent is £24,000 per annum.
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Borrowing £7,500 over 4 years with a representative APR of 27.4%, an annual interest rate of 27.4% (Fixed) and a deposit of £0.00, the amount payable would be £246.43 per month, with a total cost of credit of £4,328.83 and a total amount payable of £11,828.83
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