Sold
Well established car repairs & mot business for sale.
Porth, Mid Glamorgan
- Asking Price: £499,995 +SAV
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Turnover:
We are advised as per the 2019/2020 accounts, the business generated a turnover in the region of £260,000, with an adjusted net profit in the region of £65,000. Full financials can be made available upon further request.
Please quote reference B05988
- Tenure: Freehold/Leasehold
Please quote reference B05988
CoGoGo welcomes to the market CD Motors, which was established in 1991 by our client. Though our client has thoroughly enjoyed running the business, he is now looking forward to a well-deserved retirement. This is being sold as both a freehold/leasehold opportunity.
CD Motors offers all mechanical services & MOT.
During our clients ownership, the business has built up an excellent 5 star review status with clients stating ‘My wife won’t use any other garage’ and ‘always gone here and had a great service over the years on various cars. A1 service and would recommend to anyone’
The business is being sold with a 5 star Facebook page, 5 star Good garage scheme account and a large customer database for servicing & repairs.
Our client will also be willing to stay on for a period of time to help with the transition of the business and is looking to sell the business with all trained staff and approximately £100,000 of assets, which include diagnostics, Mot Bay, trolley jacks, hand tools Etc.
There is also scope to increase revenue, by embarking on modern marketing campaigns such as whocanfixmycar.com
Reasons to buy -
- A large customer database
- Large property
- Excellent location
- Extremely well established
- Highly rated
- A multi-faceted profitable business
We are advised that the business has 3 full time members of staff.
The business hours are;
Monday 08:30 – 17:30
Tuesday 08:30 – 17:30
Wednesday 08:30 – 17:30
Thursday 08:30 – 17:30
Friday 08:30 – 17:30
Saturday 08:30 – 13:30
Sunday Closed
CD Motors is located on North Road, Porth.
Porth is a town and a community in the county borough of Rhondda Cynon Taf, within the historic county boundaries of Glamorgan, Wales.
Located on a main arterial road, thus benefitting from high levels of footfall and passing trade along with regular custom.
The business is neatly presented and maintained with clear visible signage and a large customer car park.
Total internal floorspace is 633.2m2 with the carpark being 240m2
Reception area with small seating area.
The main workshop has a double fronted roller shutter on either side and the building is secured with metal roller shutters, alarm and CCTV system.
The freehold sale would include the 2 flats above, which are both currently tenanted. For the purchase of the leasehold, the flats wouldn't be included.
Tenure
We are advised that the business is being sold on both a freehold and leasehold basis. The purchase of the freehold would also include the 2 flats above, which are currently tenanted.
The leasehold purchase wouldn't include the flats. New lease and rent to be negotiated with the vendor. The business also has £7,000 rates payable.
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