Sold
Highly Reputable Garage/MOT and Service Centre
Letchworth Garden City, Hertfordshire
- Asking Price: £160,000 +SAV
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Turnover:
TJ’s Auto Centre generates an advised turnover of circa £297,789 with a gross profit of £189,115
The assets being sold with the business are worth in the region of £130,000, a lot of which are snap on tools.
The average stock level is circa £20,000.
Please quote reference B05222
- Tenure: Leasehold
Please quote reference B05222
CoGoGo welcomes to the market TJ’s Auto Centre, a name that is synonymous with the area having many clients, being large and small across Hertfordshire.
TJ’s Auto Centre has a MOT centre that services many clients including Skoda, Suzuki and many other major companies with large and small fleets of vehicles of 8 minibuses to 40 vans. TJ’s also carries out general servicing and works for those companies. TJ’s also carries out works on any other vehicle whether it be modern or classic, due to the many years of knowledge the staff have.
The business is being sold with the website www.tjsautocentre.co.uk and has 4.8/5* reviews on Google.
There are many reasons to buy TJ’s Auto Centre including:-
- Long established company
- Many local compatible businesses passing business to TJ’s
- MOT Qualified staff
- TJ’s is a profitable business, however there is scope for development by looking at the following
- Upgrade the current website
- Create social media pages to enhance the business
- Extend MOTs to different classes
The business is run and managed by our client, with the help of 4 full time staff and 1 part time office staff. 2 of the full time staff are MOT testers.
There are also 2 other MOT testers that are available on an ad hoc basis.
The business opening hours:
Monday - Friday: 8.30am – 5.30pm
Saturday - 8.30am - 12.30pm
Sunday: Closed
TJ’s Auto Centre is located in Letchworth Garden City on a major trading and industrial estate surrounded by many other businesses that bring in extra trade to the company.
Letchworth Garden City, commonly known as Letchworth, has a population of 33,600 and has many surrounding villages including Willian and Norton, which bring extra people to the area. Letchworth has fantastic transport links including A1(M).
Our client established the business in 1992 and is looking to sell this profitable business due to ill health.
The business is spread out over 2 interconnecting units both with roller doors and personnel doors.
To the front of the premises are 11 parking spaces.
The main workshops have
1 x 5.4 tonne ramp
2 x 4 tonne ramps
2 x 3 tonne ramps
1 x 2 tonne ramp
MOT station for Class 4 MOTs with all telemetry equipment
A range of Snap On tools and Mac tools
Compressors
Brake tester
Tyre machines
Hydraulic presses
Oil tanks
Numerous other tools
There is access to the reception area with seating for clients and a coffee machine. Beyond this area is an opening to the office.
The office has a window over looking one of the workshops, desks with computer systems.
Above the office is a mezzanine area with storage.
To the rear of this unit is the kitchen and toilet.
In the other interconnecting unit is another office, stairs lead up to another mezzanine level with storage and door to another office.
Tenure
We are advised the business has 4 years and 8 months remaining on an original 6 year lease.
The rent being paid is £34,400 per annum
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