Business for Sale in Staffordshire Well-established, Freehold MOT, Service and Repair Garage in Newcastle-under-Lyme.

Key Information

Reference

P35259V

Tenure

Freehold

Status

Under Offer

Region

Staffordshire

Sector

Mot Garages

Rent Payable

N/A

Business Rates

Nil

Accommodation

No

Business Information

This well-established, locally owned motor business is brought to the market by EMF. The Freehold traditional garage was established in 1982 and serves the local community of Newcastle-under-Lyme, near Stoke on Trent. The business offers vehicle MOT, servicing and repair and benefits from 5 service bays, most fitted with their own vehicle lift and supported by the very latest diagnostic equipment. There are also two vans included in the sale price.

The business has an excellent reputation and most of its trade is through repeat custom, existing customer recommendations and local advertising.

The business comes to the market due to retirement and would make an ideal opportunity for an experienced mechanic.

The business generated £513,730 per annum in NET SALES (YE January 2022), benefitting from a 57% GROSS margin. We estimate that the business would provide an income in excess of £112,000 per annum (after add-backs) for a full-time working owner.

• Freehold
• Ministry of Transport approved testing station
• Over 38 years of experience.
• Two vans included
• Opportunity to extend business hours

Offers around £495,000| Ref: P35259V