For Sale
Well Established Service And Repairs Garage For Sale
Edinburgh,
- Asking Price: £149,995 +SAV
-
Turnover:
We are advised as per the 2021 accounts, the business generated a turnover in the region of £405,000. Further financials can be made available upon request.
- Tenure: Leasehold
Please quote reference B07899
CoGoGo welcomes to the market Edinburgh Specialist Cars Ltd, a highly rated family run garage located in Leith, Edinburgh.
The business was first established over 40 years ago, and has been under our clients ownership since 2016. As seen by the online ratings and reviews, the business is extremely popular within the area.
Edinburgh Specialist Cars Ltd has now come to the open market due to our clients health issues.
This is a family run garage located in Leith near The Shore that provides some of the following service's -
- MOT's
- Tyres
- Brakes
- Exhausts
- Batteries
Their customer base is huge, and people come back again and again for a reason. You can trust them to service your vehicle without the worry of unnecessary expense, with the added peace of mind they use quality parts and fluids to give you great value for money. They can offer a collection and delivery service to work around your work and home life, just ask.
Key selling points -
- Well established
- Good location
- Highly rated
- Scope for expansion
- Very loyal returning customers base of over 3,000 customers
- Increase advertising and marketing
- Update the business website
We are advised that the business has 4 full-time staff members.
The current trading hours are -
Monday to Thursday - 8:30am - 5:30pm
Friday - 8:30am - 5:00pm
Saturday to Sunday - Closed
Edinburgh Specialist Cars Ltd is located on Giles Street in the Leith area of Edinburgh.
Tenure
We are advised that the business is being sold on a Leasehold basis, currently on a 5 year lease from 2022. Our client has advised that a further 10 year leases can be added after the remaining one runs out. The rent is £25,000 per annum.
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Representative Example
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
Rates may differ as they are dependent on individual circumstances. Subject to status.
