Sold
Very Well Established MOT/Repair Garage
Bexley, Kent
- Asking Price: £199,950 +SAV
-
Turnover:
As of the 2018 accounts the business Turnover achieved £216,518 with a gross profit of £110,770 and an adjusted net profit of around £75,000. 2019 will show a very similar result.
- Tenure: Leasehold
CoGoGo are delighted to present to the market a very well-established MOT/ Repair garage trading since the 1950’s, now offered for sale due to our client’s decision to retire who has owned the business for the last 12 years.
Bexley Garage provide a friendly service for MOT testing, car servicing, tyres and tracking and ECU code reading & Faust diagnosis.
The garage comes with a fantastic reputation for good customer service, high standard of work and unrivalled reliability. They can carry out MOT’s on most makes and models of car with a courtesy car available if required.
The garage is a member of the ‘Institute Motor Industry’ - IMI
Our client does not to carry out advertising as the garage is kept busy with local customers, word of mouth and repeat business. There is also an active Facebook account and business website.
The garage Turnover is evenly split 50% from MOT work and 50% form Service/Repairs, our client informs us over that over the last 12 months period, 2,848 Mots’ have been carried out at a cost of £55 per MOT.
The garage is fitted with a ‘1 Man Testing’ bay.
Our client has recently upgraded the garage electrics.
The garage currently offers services to class 4 vehicles, any new owner may look to remodel the garage to allow for larger class 7 vehicles. Other improvements could include -
- Extending the opening hours (including weekends) - this would easily add a further 30-40% to turnover.
- Offer a collection services / service pick up.
- Increase advertising.
- Increase mechanics to current team.
The business is run and managed by our client who works 3.5 days of the week, a full time MOT tester/mechanic and 3rd year Apprentice.
MONDAY TO FRIDAY - 7am - 4pm
Bexley Garage is located on North Cray Road, a highly sought-after location at the roundabout junction of the A223 and A2018 in Bexley.
The London Borough of Bexley is a highly desirable borough in south-east London. It has common borders with the London Borough of Bromley to the south and the Royal Borough of Greenwich to the west.
Nearest mainline station is Bexley, only 2 minutes’ walk from the garage which connects commuters into central London in just 35 minutes.
There are 3-4 spaces of off-street parking directly outside the garage as well as a gentleman’s agreement in place to park additional vehicles within walking distance of the business.
A large double height garage which includes a rear mezzanine level, there is space to work on 4 x cars at the same time including carrying out MOT work.
2 x garage entrances (both with independent roller shutters)
3 phase electrics
4 tonne MAHA MOT testing ramp with PREMIER MOT testing equipment
‘Bradbury’ 4 x poster ramp (recently re-roped)
2 x poster rotary ramp (3 Tonne)
Rear Mezzanine - Office (currently used for admin storage)
Staff kitchen and changing area
Specific tool storage
Toilet
Wheel balancer, wheel alignment machine, tyre changer
Work bench, selection of jacks, trolleys
Compressor, Hydraulic press, Diagnostics machine
Premises are 150sqm+.
Tenure
We are advised the business is being sold as a Leasehold with 5 years remaining on a 10-year renewable lease term paying £21,000 per year. Current payable business rates stand at £4,915 per year.
Enlarge Map
