For Sale
Extremely well established MOT Testing business for sale
Worksop, Nottinghamshire
- Asking Price: £59,995 +SAV
-
Turnover:
We are advised as per the 2021 accounts, the business generated a turnover in the region of £60,000, with an adjusted net profit in the region of £31,000. Further financials can be made available upon request.
Please quote reference B06997
- Tenure: Leasehold
Please quote reference B06997
CoGoGo welcomes to the market an exciting opportunity to acquire (on a leasehold basis) an exceptionally well run and thriving MOT & servicing business.
Your Car has been under the careful and meticulous ownership of our client since 2013, building up an enviable reputation and a true testament to the hard work and dedication from the current owner, resulting in the high calibre of business on offer.
The business is now being offered for sale due to our client wishing to leave the industry after many successful years of trading as they look to relocate.
The business offers a variety of services including MOT testing, mechanical repairs, services, engine diagnostics, wheel alignment, air conditioning recharge service, spare parts and some car accessories. This fully equipped garage can carry out repairs on most makes and models. They also stock a good selection of spare parts including tyres, engine oils, brake discs, pads, and batteries to name a few. The business has built up an excellent reputation within the area and further afield for the high quality of the services and parts offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations.
We feel there is scope to increase turnover with the undertaking of a robust marketing campaign via local press, social media, and further promotion of a dedicated website, along with the introduction of some further products and perhaps offering a breakdown recovery service.
This is a highly desirable business with an excellent business model in place and would be a very attractive proposition for either an individual or partnership looking for their first business in this sector which is already established, or for an experienced operator looking for an additional business with an attractive income stream.
A tremendous opportunity to own this well-established and popular business, with the current owner happy to offer a hand over period. Early enquiries are highly recommended to avoid disappointment.
All fixtures and fittings are included in the sale, with a breakdown on all equiptment included in the sale available upon further request.
We are advised that the business owner managed and ran.
The business hours are -
Monday – 09:00 - 17:00
Tuesday – 09:00 – 17:00
Wednesday – 09:00 – 17:00
Thursday – 09:00 – 17:00
Friday - 09:00 - 17:00
Saturday – 09:00 – 13:00
Sunday - Closed
The business is located in the popular market town of Worksop in the Bassetlaw District of Nottinghamshire in the thriving Highgrounds Way Industrial Estate, and benefits from being surrounded by a host of complementary businesses leading to a good level of passing trade.
The area is well serviced in terms of local amenities with a host of recreational and retail facilities that can be found close at hand.
The business is located in an industrial unit, with main MOT bay with ramp, with a second ramp for servicing and repairs. The premises further benefits from an office area and waiting room with w/c facilities and further benefits from being located within a gated and fenced site with CCTV security and onsite parking.
Tenure
We are advised that the business is being sold on a Leasehold basis, with 1 year remaining on the 5 year lease. The rent is £829 per month.
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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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