UNDER OFFER – Profitable Garage and MOT Station, Bonnybridge, Central Scotland Ref. 2761A

Leasehold £175,000

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UNDER OFFER - Similar Businesses Required

This is an excellent opportunity to acquire this well established and profitable garage and MOT station in Bonnybridge, Central Scotland.

Annual net sales of £350,000 with good gross and net profit margins.


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Type of business
Established for over 30 years this business provides servicing, repairs and MOTs for Class 4, 5 and 7 vehicles together with, for over 25 years, a significant amount of work for leasing companies including recovery coordination, engine replacements, flood damage assessments, etc. Only offered for sale due to the current owner’s wish to retire this is an excellent opportunity to acquire a profit business in an ideal main road location with ample parking and no real local competition. Located in Central Scotland to a motorway and on a main A road this business is easily accessible from the surrounding areas.
Tenure
Rent £1,000 per month. Rateable value £7,800 so no rates are payable.
Premises
The premises are located in a modern industrial unit extending to 202m2 (2,130sqft) with an additional mezzanine store and staff area. There is a bright reception and office area, MOT waiting room and toilet. The work space has a full MOT station, 2 ramps and a floor lift. There are large roller shutter doors to the front and rear of the unit. The property has a secure rear yard and ample space at the front and rear for parking.
Financial information
Annual net sales of £350,000 with good gross and net profit margins. The sale price includes all the garage equipment, fixtures and fittings which is valued at over £40,000. The director’s and employees personal tools are not included in the sale. The business is run by the director with 3 full-time mechanics and two part-time reception/admin staff. The owner is prepared to provide a handover familiarisation period for the purchaser.