For Sale
Well Established MOT Service & Vehicle Repair Business
Boston, Lincolnshire
- Asking Price: £595,000 +SAV
-
Turnover:
Stickney MOT service centre generated an advised turnover of circa £232,200 as of the 2018 accounts, with a gross profit of £170,100 and a net profit of £18,186.
The assets being sold with the business are worth in the region of £70,000
The freehold is worth in the region of £400,000
The MOT centre was built in the summer of 2019; therefore, no MOTs have not been accounted for.
Please quote reference B05622
- Tenure: Freehold
Please quote reference B05622
Hilton Smythe welcomes to the market Stickney MOT service centre, which was taken over by our client in 2017 on a site that has been a garage for many years. Our client is looking to sell as they feel someone else would be better positioned to take the business to the next level.
Stickney MOT service centre carries out, services, repairs, recovery, MOTs for both class 4 and class 7 along with car sales.
The newly built (summer 2019) MOT centre carries out both class 4 and class 7 MOTs, class 4 at £49.99. It is the only centre to carry out class 7 MOTs in a 10-mile radius and has a large customer base from the farming industry.
The business has strong online reviews including 5* reviews on Google and it is being sold with a Facebook page, eBay account for car sales and the company website.
There is scope for developing the business by;
- Pushing the car sales further
- Utilising the MOT centre
The business is run and managed by our client, with the help of 6 members of staff.
Monday - Friday: 8.30am – 5pm
Saturday: 8.30am – 2pm
Sunday: Closed
Stickney MOT service centre is in Stickney on the main A16 within Lincolnshire. The garage is clearly visible being located on the main road and has ample parking for staff, customers and on the forecourt for sales.
Stickney is located within the civil parish of East Lindsey, to the south of the Wolds on the South Lincolnshire Fens.
The A16 trunk road leads through the village connecting Boston to Grimsby which is approximately 35 miles to the north. Boston is approximately 12 miles to the south, Lincoln 30 miles to the north-east and the coast approximately 15 miles to the east.
The village itself benefits from a range of amenities including a medical practice, village shop and public house. Stickney has population of approximately 1,200 residents and is a largely rural catchment area.
To the front of the garage there are in the region of 30 vehicle display spaces, access to the showroom/reception and a side drive leading to the rear workshops.
Showroom/reception area has a reception desk and MOT customer waiting area.
Tiled Showroom. With space for 3 or 4 cars, having patio doors for vehicle movement.
From behind the reception desk there is a stairway that leads to the first floor where there is a landing and 3 offices,
a corridor joins the first-floor area to rear mezzanine accommodation over the tyre bay
The tyre bay has tyre machines and racking for tyres space for 2 vehicles and pedestrian access to the rear workshop area.
The rear workshop is a steel framed building with concrete floor, and has changing rooms and toilets, 2 x 4 tonne 2 post ramps and a 3 tonne 4 post ramp, Snap-On diagnostics.
To the rear of the site is a recently erected MOT station with twin electric vehicle doors and a side pedestrian access. All MOT equipment is found here, and the station is licenced for class 4 and class 7 MOTs.
The premises have a full CCTV and alarm system.
The total site size is in the region of 0.4 acres.
Tenure
We are advised the business is being sold as a freehold business opportunity.
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