Well Established Elgin Moray Garage & MOT Station for Sale - Prime Location, Scope to Increase Turnover
Elgin, Moray
- Status
FOR SALE
- Date Submitted:
07/06/22
- Advert ID
296504
- Reference
B06917 / Rightbiz
- Call Agent:
- Leasehold: £89,995
- Turnover: £304,348 (£5,853 Per week)
- Net Profit: Not Applicable
Business Details
Well Established Garage & MOT Station For Sale
Business- Well Established
- Excellent Reputation
- Scope to Increase the Turnover
- Excellent Business Model
- Highly Desirable Business
- Prime Trading Location & Close to City Centre
CoGoGo welcomes to the market an exciting opportunity to acquire (on a leasehold basis) an exceptionally well run and popular garage with MOT centre.
JR Motors has been under the careful and meticulous ownership of our client since 1992, building up an excellent reputation. Only now has the business been brought to the open market, as our client looks to leave the industry and is keen to see the business pass to a new owner who has the same passion, enthusiasm, and drive to take the business forward.
The business offers a variety of services including class 4 MOT testing, mechanical repairs, services, engine diagnostics, wheel alignment and tyre supplies/fitting services. This fully equipped garage can carry out repairs on all makes and models. The business has built up an excellent reputation within the area and further afield for the high quality of the services and parts offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations.
We feel there is scope to increase the turnover by extending the opening hours. A new owner could also embark on a modest marketing campaign to highlight the business and the services offered, or perhaps branch out into the car and van hire business and also car sales (due to property layout) and also offering a recovery breakdown service.
This is a highly desirable business with an excellent business model in place and would be a very attractive proposition for either an individual or partnership looking for their first business in this sector which is already established, or for an experienced operator looking for an additional business with an attractive income stream.
All fixtures and fittings are to be included in the sale of the business along with a selection of industry standard equipment.
A tremendous opportunity to own this well-established and popular business, and early viewings are highly recommended to avoid disappointment.
Location
The business is located in a desirable industrial location on the west side of the popular town of Elgin close to the town's major retail facilities and with easy access to the town centre itself.
Elgin is well serviced with a wide range of local amenities including primary and secondary schooling, Dr Grays Hospital, along with a good selection of hotels, pubs, restaurants, and a variety of independent and major retail stores. The town further benefits from excellent road and rail links to the cities of Inverness and Aberdeen.
Premises
The business is located in a purpose-built garage facility, comprising main workshop area with MOT testing area, ample workspace areas and further benefiting from office space along with customer waiting area and ample storage.
Externally there is ample customer parking within the main yard area that is bound by secure fencing, that has the possibility to introduce a dedicated car sales pitch area as well.
Tenure
We are advised the business is being sold on a Leasehold basis with a new Lease to be granted to a new buyer.
Hours
The business trading hours are advised:
Monday to Friday - 08:30am - 17:00pm
Saturday & Sunday - Closed
Staff
The business is run and managed by 5 full time and 1 part time staff member.
Financial Profile
We are advised the business generated a turnover of circa £371,000 as of 2022, further financial information can be made available upon request.
Please quote reference B06917
Contact Agent
Listing Statistics
Contact the seller for more details, or book a viewing
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Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
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