For Sale
Highly rated auto repair shop in Sheffield for sale
Sheffield, South Yorkshire
- Asking Price: £69,995 +SAV
-
Turnover:
We are advised as per the 2021 accounts, the business generated a turnover in the region of £175,000. Further financials can be made available upon request.
- Tenure: Leasehold
Please quote reference B07252
CoGoGo are delighted to welcome to the market Auto Tech, a highly rated auto repair shop in Sheffield.
This extremely highly rated garage was first established by our client over 30 years ago, building up an excellent reputation and loyal client base.
Auto Tech has now come to the open market due to our clients desire to semi-retire.
Auto Tech are a are professional car mechanics that offers MOT work, Body work, Engine repairs, Servicing, Auto electrical & Diagnostics.
Some areas covered include Ecclesfield, Parson Cross, Shiregreen, Firth Park, Lane top and many more.
Key selling points -
- Large garage unit
- Purpose built MOT bay
- 7-10 MOT’s completed each day
- Diagnostics experts
- Centre of a very large housing estate
- Excellent customer testimonials
- Opportunity to grow sales/profit
- New website
- Social media
- Increase number of mechanics
- Open Saturdays
- Add a recovery service
We are advised that the business is run and managed by our client, with the help of 1 full time staff member.
The current trading hours are -
Monday to Friday – 9:00am – 5:00pm
Saturday & Sunday - Closed
Auto Tech is located on Barnsley Rd in Sheffield.
The business has eye catching signage, receiving high levels of footfall and passing trade.
The business is located in a large housing estate and benefits from being adjacent to a very busy car wash business.
Occupies a large detached garage unit.
Ground floor -
- Large open plan garage space – with 3 x separate vehicle bays which includes a MOT bay, 4 x poster and 2 x poster bay and low level engine ramp.
- Office
- Disabled toilet facilities
- Storeroom
Tenure
We are advised that the business is being sold on a Leasehold basis, with a new 5 year lease to be offered to the new buyer. The rent is £20,000 per annum, with rates payable at £1,500 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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