Business for Sale in England: East Sussex - MOT, SERVICE & REPAIR GARAGE IN HASTINGS, EAST SUSSEX - Freehold: £375,000

Key Information

Ref
P33175T
Type
Motor & Transport Businesses For Sale: Mot Garages
Location
England: East Sussex
Tenure
Freehold
Status
For Sale
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This very profitable garage is conveniently located for both the town centre and the mainline train station in the busy and highly populated coastal town of Hastings in East Sussex.

Established in 1997, the business relocated to the current premises in July 2002 and is currently operated by a husband and wife team with the assistance of 3 full-time mechanics and 2 part-time administrative staff. The garage offers servicing & repairs and is also an authorised MOT Test Centre.

The garage has one MOT test bay along with 3 repair bays and parking facilities for up to 10 cars. There is also a private office, waiting room, storeroom and staff kitchen to the rear of the property. A small additional unit is currently let to an independent car body repair shop at a rent of £350 pcm.

The business has built an excellent reputation and gets plenty of trade through recommendation and repeat custom, and also through its valued membership of the Good Garage Scheme being one of only a few garages in the Hastings area affiliated to the scheme.

Accounts for the year ended 31st January 2017 show an Annual Turnover of £288,453. Based on current trading figures, it is calculated that adjusted Net Profit to joint working owners is approaching £100,000.

With good-quality equipment and an ongoing flow of work, new owners could simply take over the garage and start earning from day one. In addition, the current owners are ready to offer help and support during a handover period to ensure a smooth transition following the sale.

Ref: P33175T FREEHOLD £375,000

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