For Sale
MOT, Servicing & Repairs Business With Excellent Reviews
Eyemouth, Berwickshire
- Asking Price: £399,995 +SAV
-
Turnover:
Hogarth Motors generated an advised turnover of circa £300,000 as of last year, with a net profit of £40,000
Please quote reference B04875
- Tenure: Freehold
Please quote reference B04875
Hilton Smythe are delighted to bring to the market Hogarth Motors, a very well-established MOT, servicing and repairs business located in Eyemouth.
Hogarth Motors was established in 1981, the garage is now being offered for sale due to the owners wish of retirement.
The business has built a large and loyal client base over that time and has lots of repeat custom.
Hogarth Motors currently benefits from recommendations and referrals. The current owners have a good Facebook page and website.
Please take a look at the current 5-star rating with review quotes such as;
‘A big thank you to Hogarth Motors of Eyemouth who went above and beyond’
‘Saturday night 02:10 I call Wattie to help with the accident just happened outside my house. 02:45 Wattie was on seen and after that 10 minutes and job was done’.
We feel Hogarth Motors would ideally suit an enthusiastic owner or partnership who could build upon the foundations laid down and push the business forward.
Viewings come highly recommended to appreciate the size, location and potential of the business.
The business is currently run by our client with the help of two full time and two part time members of staff.
Monday 8.00 am – 5.30 pm
Tuesday 8.00 am – 5.30 pm
Wednesday 8.00 am – 5.30 pm
Thursday 8.00 am – 1.00 pm
Friday 8.00 am – 5.30 pm
Saturday 8.00 am – 1.00 pm
Sunday Closed
Hogarth Motors Situated in Prime location just off from the A1107 within Eyemouth,
Eyemouth is a small town and civil parish in Berwickshire, in the Scottish Borders area of Scotland. It is 2 miles east of the main north-south A1 road and just 8 miles north of Berwick-upon-Tweed, with a population of about 3,420 people.
Large commercial premise comprising of:
• Garage workshop
• Office
• Reception area
• Separate large unit
• Car park
• Separate storage units
Entrance and customer waiting area with seating and counter.
Well-equipped workshop with:
• Mot station
• Tool boxes
• Diagnostic machines
• 3 x Post vehicle lift
• 2 x Post vehicle lift
• Jacks
• Heating system, and much more
Tenure
We are advised the business is being sold as a Freehold.
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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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