Archived
Garage and MOT Station Established Over 30 Years
Northampton, Northamptonshire
- Asking Price: £75,000 +SAV
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Turnover:
Horton Car Care generated an advised turnover of circa £98,953 as of the 2018 accounts, with a gross profit of 56%, a net profit of 22% and an adjusted net profit of 38%
The assets being sold with the business are worth in the region of £12,000.
- Tenure: Leasehold
Hilton Smythe welcomes to the market Horton Car care, which was established by our client in 1989, our client is now looking forward to retirement.
Horton Car care is a professional vehicle repair garage, providing a wide range of car services and repairs in the Northamptonshire area, including Auto Electrics, Mechanical Repairs, Insurance Repairs, Tyres and Exhausts, Batteries, Brakes, Engine Diagnostics, Servicing and Air Conditioning Servicing and working with all makes and model of vehicle, including light commercial.
Horton Car Care has many returning customers who have been having their vehicles fixed and serviced from 1989, the business has strong reviews on line including 4.8/5* on Google and 5* on the businesses own Facebook page. The business website is being sold along with the business.
Horton Car Care is a profitable business and there is scope for further development by considering:-
- Opening weekends
- Promotion of business to larger clients for corporate work
- Long standing business within the area
- Many returning customers
- Strong on-line reviews
The business is run and managed by our client.
The business opening hours:
Monday - Friday: 9am – 6pm
Saturday & Sunday: Closed
Horton Car Care is located in the village of Horton, Northamptonshire, which lies on the border with Buckinghamshire and Bedfordshire. The garage serves the surrounding villages and areas of Denton, Olney to name just a few and is located around 8 miles south east of Northampton town centre.
The garage is located on an industrial estate on a farm and has plenty of free parking allocated to it directly to the front of the premises. The premises are shared with another garage Dans Auto Service.
There is parking for several vehicles directly outside the premises.
The premises is shared with Dans Motor Service with both businesses having one side of the workshop each and there is a shared office and toilet facilities.
Within the workshop
- 2 post 4 tonne Hofmann ramp
- 4 post 4 tonne Bendpak ramp
- Coil spring compressor
- Numerous jacks
- Snap-On diagnostic kit
- Delphi diagnostic kit
- 3 phase Mig welder
- Racking
- Tyre machines
- CCTV system
Tenure
We are advised the business is being sold as a leasehold business opportunity, currently with 1 month remaining and with a renewable 3 year lease available from January 2020 with terms and conditions to be arranged with the landlord on a rolling lease arrangement.
The annual rent is £7,200 including VAT and our clients inform us that the premises is exempt from business rates.
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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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