Long established Vehicle Servicing business for sale
Middlesbrough, North Yorkshire
- Asking Price: £519,995 +SAV
We are advised as per the 2021 accounts, the business generated a turnover in the region of £545,000, with an adjusted net profit in the region of £100,000. Full financials can be made available upon further request.
Please quote reference B06666
- Tenure: Leasehold
*** Freehold Option - £949,995 + SAV ***
Please quote reference B06666
Hilton Smythe welcomes to the market Merc-Spec, an excellent and long-established business which was founded by our client in 1989 in Middlesbrough town centre before moving to its present location in 2007.
The business specialises in the professional servicing, testing, air conditioning, diagnostics and repair of prestige marques such as Mercedes, Porsche, VW, Audi, BMW, Jeeps, Smart, Dodge, Chrysler and other GM marques with approved bodywork.
The business provides MOT testing Class 4 and 7 and has its own spray booth on site. Services also include collection, delivery and on-site diagnostics.
The site has its own fleet of vehicles, mainly 1 service van, and 3 courtesy cars which are included in the sale. The recovery truck can be made available upon seperate negotiation.
Merc - Spec enjoys good turnover which continues to grow annually, as well as having a great reputation with many loyal and repeat customers travelling from far and wide.
The business will continue to grow generically with capacity to grow further with extra staff, longer hours and weekend openings.
Reputation and testimonials
The 5 star review status includes comments stating ‘Awesome staff with knowledge and service with a smile, the only place to take your Benz if you need a job done right!’ and ‘Wonderful staff, great quality work. The best independent garage for Mercedes!’
Our client is offering a handover period to ensure the continued success of the business.
Reasons to purchase
- Outstanding reputation
- Excellent profit margins
- Well established
- Excellent team of staff in place
- Handover period offered
This is a fantastic opportunity for a new owner to take the reins on this very successful, well respected and profitable business. Early viewings come highly recommended
We are advised that the business is run and managed by the owners, with the help of 3 full-time mechanics and 2 full-time office staff members.
The business hours are -
Monday – 08:00 – 17:00
Tuesday – 08:00 – 17:00
Wednesday – 08:00 – 17:00
Thursday – 08:00 – 17:00
Friday – 08:00 – 17:00
Saturday - Closed
Sunday - Closed
This Freehold business is situated within the large Skippers Lane Industrial Estate in Middlesbrough in Northeast England off the main trunk road between Middlesbrough and Redcar.
The business operates from a large modern purpose-built double entrance unit, circa 4500sq ft with yard to the front and a newly built unit at the side of the premises, which is circa 1,900 sqft.
The units benefit from extensive parking.
The business is run from a purpose built large industrial unit circa 4,500 sqft within the Skippers Lane Industrial Estate in Middlesbrough. The sale of the business also includes the large unit nextdoor, which is circa 1,900sqft.
The front yard provides extensive parking facilities.
Pedestrian access is through the modern office suite including a very attractive reception, offices, public waiting and viewing areas and toilets.
There are 2 high shutter door entrances for vehicles either side of the office suite leading to a large workshop and garage with 3 service bays , 2 standing bays, 4 working bays, 1 MOT bay and 7 ramps (5x2 post 2x4 post).
There are large stock and storage areas including a mezzanine floor over the office suite, there is also a mezzanine floor at the rear of the unit with staff room and canteen.
The sale includes ramps, MOT bay, diagnostics, tyre machines, rollers, spray booth equipment, office equipment and fittings, service van and courtesy cars. The recovery truck can be made available upon seperate negotiation.
A full Inventory will be provided on sale.
The owner values the assets including the vehicles at £235,000 approx.
We are advised that the business is being sold on both a Freehold or Leasehold Opportunity.
For the Leasehold purchase, the rent would be £4,000 per month and a new lease between 5-7 years to be negotiated.