Sold
Very Well Established MOT, Repair & Servicing Specialists
Reading, Berkshire
- Asking Price: £420,000 +SAV
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Turnover:
The accounting information shows a turnover of £227,603 for the year to 31st May 2016 with a gross profit of £115,369 and a very healthy net profit of £75,647.
According to the VOA website the rateable value is £11,000. Rates payable to be advised. - Tenure: Freehold
Hilton Smythe welcomes to the market this very well-established MOT, repair and servicing specialist, offering an easily accessible location within a large building, having workshop and MOT bay.
You also have a large 3 bedroom flat arranged over 2 floors attached to the garage with its own separate access which is currently rented out.
On the ground floor there are 2 large rooms which are currently used as storage rooms by the garage but could easily be used to make the flat into a 3-storey house as it was before.
The business carries out class 4 MOT’s, with a very strong and established local following. They also carry out repairs and serving and so much more.
The business itself has been run by the current owners for more than 30 years now and is very well known and established in the area, with long standing repeat and referral customers. They are now looking towards a well-earned retirement.
Even though this is a very strong and successful business, it would also greatly benefit, by adopting a far more vigorous marketing policy, with online advertising, use of social media and a good quality website, together with longer hours including Saturday opening. They could also look to tap into local commercial contracts.
An internal inspection is very highly recommended to appreciate the potential and property on offer.
The business is currently run by the owners and one other full-time members of staff
Monday 7.30 am to 4.00 pm
Tuesday 7.30 am to 4.00 pm
Wednesday 7.30 am to 4.00 pm
Thursday 7.30 am to 4.00 pm
Friday 7.30 am to 4.00 pm
Saturday Closed
Sunday Closed
There is lots of potential with longer hours and weekend working.
Situated on the outskirts of Reading in an easily accessible area with heavy residential footfall.
Reading is a large, historically important minster town in Berkshire, England, of which it is now the county town. It is in the Thames Valley at the confluence of the River Thames and River Kennet, and on both the Great Western Main Line railway and the M4 motorway.
Reading is 70 miles east of Bristol, 24 miles south of Oxford, 37 miles west of London, 14 miles north of Basingstoke, 12 miles south-west of Maidenhead and 15 miles east of Newbury as the crow flies. Easy access is gained to all surrounding areas via the M4 motorway.
The premises are set within a large Freehold building of approximately 187 sqm.
Main workshop accessed:
• Office
• Toilet facilities
• Large staff room/store room
• Further large store room
Large 3-bedroom flat:
• Lounge
• Kitchen
• 3 bedrooms
• Bathroom
• Separate WC
• Conservatory
• Gas fired central heating
• Double glazing
You have a range of equipment included in the sale as follows:
• MOT bay with rolling road
• Large inspection pit
• Gas analysers
• 2 x 2 post ramps
• Compressor
• Various tools and equipment
• A range of office equipment such as filling cabinet
• Security alarm
The main buildings are all accessed via full height sliding doors.
The site must be inspected to see the potential and great location on offer.
Tenure
We are advised that the business is being sold as a Freehold opportunity.
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