Sold

Long Established Car Garage & MOT Centre

Nottingham, Nottinghamshire

£59,995 +SAV

Ref: B05099

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Description

Hilton Smythe welcomes to the market Bar Lane Motors.

This long-established business has been operated by the current owner for over 12 years and has been trading for over 30 years and is therefore well established within the local and surrounding communities offering an excellent service with an unrivalled reputation and which due to retirement this rare and exciting opportunity has now become available.

The centre provides a wide range of services from:

  • MOT Testing,
  • Engine diagnostic & repair,
  • Electrical testing,
  • Suspension repairs,
  • Aircon re-gas,
  • Brakes maintenance,
  • Batteries,
  • Gear-box repair
  • Tyre replacement with a popular range held in stock.
The centre can service and repair any make and model of vehicle including family cars, MPVs, 4WD and light commercial vehicles from the spacious and well-equipped workshop.

The business also operates a vehicle collection and recovery service which has gained an excellent reputation. The centre has also established local deals with various organisations in the area to undertake MOT testing on their vehicles generating a regular income stream, there is the opportunity for the new owner to expand within the unit and subject to negotiations with the landlord acquire additional office space.

This is a rare opportunity for either an established operator looking to expand and acquire an established site with larger premises or a new start up team looking for their first business venture.

Bar Lane Motors is a standout acquisition in this competitive sector of the market and offers a great opportunity with very sensible in-going costs.

www.barlanemotors.co.uk

Tenure

Leasehold

We are advised the business is being sold as a Leasehold opportunity with the current rent passing at £17,500 per annum with a new lease to be negotiated.

Hours

The opening hours are currently 8.30am to 5.30pm Monday to Friday and 8.30 to 12pm on Saturday

Staff

The business is run and managed by the current vendor with 1 x full time and 2 x part time staff.

Financial Profile

We are advised the business is currently generating a turnover in the region of £135,000 per annum

There are currently no business rates payable.

Location

Situated between Basford and Radford in the Hyson Green area of Nottingham.

The site is easily accessible off western Boulevard on the outer ring road just off the A610.

The industrial estate is in an excellent location with easy access in and out of Nottingham and the surrounding areas just a 10-minute drive from the M1 J26 with the added benefit of being just a short stroll from the nearest tram stop.

Premises

Situated within a large secure detached unit on Palm Street in Nottingham.

There is additional space within the unit available subject to negotiation with the landlord.

  • 3 x Inspection Ramps
  • 1 x MOT test Bay,
  • Snap on Diagnostic Machine,
  • Racking, shelving and storage units
  • 2 x Fully fitted offices with desks, chairs & filing cabinets,
  • 1 x Recovery vehicle – 2004 Peugeot Boxter low-loader

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