Freehold MOT And Motor Repairs Newcastle-Under-Lyme

Sovereign are delighted to bring to market this profitable freehold garage and MOT business. A leasehold option is also available.  Located in Chesterton in the borough of Newcastle-Under-Lyme in Staffordshire the business is owner operated with the assistance of an apprentice mechanic.

The business has been established over 39 years and is in a prime residential area which is surrounded by commercial industrial estates. It has recently had installed a state of the art OPTL MOT bay. The MOT’s are booked through an online system which includes a website and the business is currently taking on 30+ MOT’s a week.

The business trades Monday to Thursday 08.00 to 17.00 and Friday 08.00 to 16.00. The owner also owns the car park adjacent to the business. This offers vast scope for the car park to be used as a possibly car pitch or storage area. There is also the option to lease this area rather than purchase it and this can be negotiated with the owner. The car park if required would be an additional £50,000.

With a healthy net turnover of £211,564.80 based on a 44 week trading period over 12 months. This fantastic business also benefits from zero business rates and is on the market for the freehold price of £380,000. Alternatively, a leasehold option to purchase the business is available for £150,000, plus plants and machinery at £45,000. The purchaser would be granted a new lease for an annual price of £16,000, with option to buy after the lease term has ended. This is an opportunity not to be missed, therefore viewing is highly recommended.

• Business ID:2947
• Turnover Circa £211,564 Per Annum
• Prime Residential Location
• Leasehold Option Available
• Established For Over 39 Years
• Independent Business No Chain
• Vast Scope To Develop Business
• Fitted To High Standard Throughout
• Genuine Reason For Sale