This property is no longer on the market
Heavy industrial
Property description & features
- Business For Sale
- Well Established MOT Garage
- £600k Turnover
- Available by way of New Lease Terms
- Various purchase options available
This exceptional reputable business established 1974 same ownership
trading under the Bosch car service network
This is a fantastic opportunity for a new owner to take over the reins on this very
well respected and highly profitable business.
customer database of over 5000 customers
2500 MOT tests per annum
This business specialises in the service , repair and MOT testing of vehicles 80% under six year old
including prestige vehicles.
Full Bosch car service Diagnostics and equipped.
The business is in a prime position offering no direct competition and will continue to grow
generically with the capacity to grow further.
Excellent reputation and testimonials.
Rooms
Location
The subject property is well located along Lodore Road. This property is located within easy reach of local amenities, transport links and schools. The subject property is located approximately 1 miles from Gosforth and Ilford Road metro station lies adjacent to property, and approximately 2.2 miles from Newcastle city centre.
Business Details
Large purpose built garage recently extended and re roofed approx 4985 square foot.
Purpose build double front and rear entrances, secure roller shutter doors.
Secure car parking compound and rear yard area with storage unit.
Mezzanine floor canteen, gas powered heating.
five two poster lifts
one class 4 Mot testing Bay (OPT Laying)
full tyre bay equipped
full diagnostic bay
front entrance reception and office.
Business Hours
Mon to Friday 8.00 to 5.00.
Sat 9.00 to 12.00.
option to extend opening hours.
Business Staff
The subject business is currently run and managed by 2 x owners. On the garage floor the business has 4 x full time mechanics/technicians and 1 x part time administrator.
Business Finances
2022 Accounts Turnover over 600k
Net profit over 100k
Assets and stock including vehicles 88k
Previous 5 year accounts available on request.
Lease Details
Available by way of new FRI lease terms at an asking rent of £48,000 per annum.
Freehold option also avaiable via seperate negotiations.
EPC
Available upon request rating: D-89.
Certificate number - 0320-0233-4519-2320-3092.
Rateable Value
The adopted rateable value is £6,800 as of 1st April 2017.
Sourced from VOA.
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Broadband availability and predicted speed: obtained from Ofcom on December 17, 2021
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
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Mobile phone signal availability and predicted strength: obtained from Ofcom on February 10, 2022
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Clear: No bars, no signal predicted
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