Garage plus MOT centre in Hampshire For Sale

Situated in a Industrial Estate, prominent trading position, office and commercial area, HAMPSHIRE

Turnover £ 2,500
Price £149,500

Features

Car & Motorcycle Workshop Plus Motorbike Mot Bay

6 DAYS OPENING
8 ALLOCATED PARKING SPACES

PREMISES in the region of 1,650 ft² with SLIDING DOUBLE DOORS, concrete floor, 1 CAR RAMP, work benches, tyre machine, compressor, CCTV system (3 cameras, 1 monitor)

BIKE MOT BAY with computer

Staff Toilet with w.c. and wash hand basin.

First floor Mezzanine in the region of 550 ft²

Reception Area with desk, computer, etc.

Waiting room

Office

Turnover

WE ARE INFORMED by the owner the turnover currently averages £2,500 p.w. The accounts March 2023 show sales of £95,518 with a Gross Profit of £56,317

Staff

The business is at present operated by the vendor with 1 full time & 2 part time staff.

Trading Hours

6 Day week
MONDAY - FRIDAY 8am - 5pm
SATURDAY 8am - 1pm

Outside

Parking space for 8 car.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 5 years in 2022 with reviews every 5 years (next review 2027) at a current rent of £14,000 p.a.

Business Rates from April 2024 £1,200 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2016, AND OFFERED FOR SALE SOLELY DUE TO OWNERS RETIREMENT

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £149,500 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 74,750 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote