* Included in Asking Price
Garage & MOT Testing Station – Four Wheel Alignment, Tyres, Exhausts, Batteries & Brakes
Location North London
Asking price: OIRO £700,000 + SAV
This thriving, privately owned family business retails and fits tyres, exhausts and batteries for all types of vehicles. The business also offers MOT’s (class 3 & 4) and provides a tyre repair service plus an accurate specialist wheel alignment service by experienced technicians including 4 wheel drive vehicles.
The friendly and customer focused garage has been built up over forty years and is based in a very prominent high street location with land adjacent to the premises that has the convenience of a dropped kerb onto the high street which now provides parking for up to 20 cars and is invaluable for the MOT business. The business has seen growth and an increase in profits since introducing the MOT service.
The business is split 50/50 between tyres and MOT’s.
The garage has been well fitted with a custom built MOT sunken pit station, all tools of the trade are to be included in the sale including such items as 3 x tyre fitting machines, wheel balancers and a new Hunter alignment system cost £16,000.
The garage is an ASDA preferred tyre fitter and customers who buy tyres from ASDA’S web site are directed to the garage to collect and have their tyres fitted. They are also Tyre Giant’s preferred fitters and suppliers.
The garage has continually expanded and developed over the years and stocks a large variety of brand name tyres and exhausts that attract plenty of repeat business from the large customer database and also new referrals.
This opportunity offers a very desirable opportunity for an existing retailer to expand their garage network with a truly first class operation or an opportunity for an individual with sufficient funds to acquire a profitable, long established business with the ability for further growth.
|Facilities:||The business has been based in this advantageous main road location with the benefit of high public exposure for many years. The premises are on a twenty five year lease that was granted in 2008.
The service centre attracts a great deal of local and passing business trade. The premises are substantial and comprise of a fully equipped workshop of circa 2,500 sq. ft., a mezzanine, well-maintained and fully equipped workshop and a separate administration office. The adjoining site is circa 2,200 sq. ft. with parking for 20 cars plus.
Annual rent is £23,700 on the workshop
£10,000 on the adjoining plot
Rates are £8,140 per annum. Combined|
|Competition:||A large percentage of new clients derive from recommendations, the business regards existing customers as their best advertisers. Always busy the business has surpassed growth expectations and gained an excellent reputation since inception. The business has used limited advertising in the past including the Yellow pages, Yell.Com and the Company website. There is an excellent opportunity to increase the advertising and market the business more aggressively|
|Growth Potential:||The garage receives high levels of business due to the locality and its reputation using limited marketing. Business could be increased by expanding the market network, the garage is well structured to cope with further demand.|
|Training/Support:||Our client is happy to provide a training and handover period for a period of time to be negotiated prior to the sale.|
|Sale Reason:||The vendors are now looking at semi-retirement.|
Seller Reference #AL232
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