Coming to the market only due to the vendors pending retirement having
established the business themselves some 30 years ago, this well regarded and
trusted mot garage enjoys a loyal customer base and has to regularly turn away
requests for their services from new clients.
Situated in Newmarket within a prime catchment area on a well known industrial
estate offering good access and many houses and other businesses in the
immediate surrounding area. With future new housing projects being delivered
in the locality there will no doubt be much more new work available to further
grow the business should someone so wish.
With the added benefit of offering a new owner the opportunity to either
acquire the freehold building or to have a new lease granted, on terms to be
negotiated, this will no doubt have a broad appeal with potential purchasers.
**The business**
The businesses reputation for providing honest assessments of work that is
required together with a fair pricing policy has no doubt played a huge part
it’s longevity with the many repeat customers that this has generated,
including some trade clients. This can no doubt be built upon further should a
new owner so wish especially as no advertising of the business has been
undertaken for a number of years.
They provide Class 4 mot’s, servicing and repairs together with the
availability of courtesy vehicles, which will be included within the sale
price, for use whilst the customers vehicle is attended to.
The accounts demonstrate a consistent and strongly performing business with a
pleasantly surprising high adjusted net profit figure which unquestionably
justifies the keenly pitched asking price and so makes this business a ‘must
view’ one if you are in the market to acquire such an operation.
**Premises**
Situated in the well known horse racing town of Newmarket, not far from the
city of Cambridge, this is a desirable location that is evidenced by the lack
of similar available units where one could set up a new business from scratch
in, meaning that acquiring an existing going concern as an alternative would
be a much more serious consideration. The well established Studlands
Industrial Estate provides accommodation for a vast range of businesses and
with major housing estates adjoining it, makes this a prime location to trade
from.
The purpose built block and steel unit, which measures 9. 2m wide x 17. 65m deep
overall, can be found with the benefit of 7 parking spaces included and an
electric roller shutter door giving vehicular access into the workshop. There
is also a pedestrian door into the small reception area with seating and
screen to watch the mot bay. Behind the counter top is space for a desk to
work from, a small admin cupboard for storage and then an internal door into
the workshop.
The workshop is mainly open plan, as one would expect, with a toilet/washroom
and kitchenette to one side at the front with a mezzanine floor over for
general storage and tyre changing equipment, and then a further small office
to the rear used as a rest room. Within the main workshop you will find 3
ramps, a fully equipped mot bay, compressor, engine hoists, jacks, a
diagnostics machine, aircon servicing machine, wheel bearing press, super
tracker wheel alignment machine, various specialist tools eg. Cambelt timing
pins and general hands tools, but excluding those personal tools which will
remain the property of the respective mechanics.
** _additional information_**
**agents note: ** This is a business for sale as a going concern, not an empty
premises for sale or let.
**Confidential information: ** In order to release further information on the
business – such as the accounts, we require you to complete a short online
non - disclosure form. Please contact our office and we will provide full
instructions and assist where required.
**Reference number: ** P35953E.
**Opening hours: ** Monday to Friday, 8: 00am to 5: 00pm. Closed weekends.
**Tenure: ** Freehold or Leasehold. The vendor is willing to consider a sale
on either basis.
The purchaser will be responsible for the landlords costs and fees in
connection with the grant of a new lease. New lease terms to be negotiated as
part of the sales process.
**Rent payable: ** £15, 000 per annum if a leasehold sale.
**Rates payable: ** Nil. We are advised that the business benefits from Small
Business Rate Relief.
This information has been provided to us by the vendor and any interested
party is advised to enquire of the local authority to check the position with
regards to business rates that will apply to a new owner.
**Staff: ** 3 full time staff at the time of instruction.
**EPC: ** The Energy Performance Certificate shows a rating of '119/E' - full
Energy Performance Certificate available on request.
**Price: ** Freehold £325, 000 or Leasehold £150, 000 + stock at valuation.
For the benefit of the freehold or leasehold interest, goodwill of the
business, fixtures, fittings and equipment. Stock payable in addition on
completion at valuation. This is a business for sale as a going concern.
**Viewing: ** Strictly by appointment only, please get in touch to make an
appointment.
**Finance: ** We may be able to help you with business financing or your
commercial mortgage needs, subject to eligibility. Please let us know if you
need our assistance with this and we will put you in touch with our
recommended whole of market broker.
**Business to sell: ** Thinking of selling your business? That's our business!
If you are interested in finding out how much your business is worth, we offer
a free and confidential valuation service. You can choose the time and day
that suits you best, and we will give you an honest and professional
assessment. Please contact our office at your convenience to book an
appointment.
**Premier marketing: ** We are passionate about showcasing our businesses in a
way that sets us apart from others. We provide quality property details and
comprehensive information on all online platforms and our own website. If you
want your business to stand out from the crowd, call us to book a free
valuation.
** _disclaimer_**
**1\. Money Laundering Regulations: ** Intending purchasers will be asked to
produce identification documentation at a later stage and we would ask for
your co - operation in order that there will be no delay in agreeing the sale.
**2\. General: ** While we endeavour to make our sales particulars fair,
accurate and reliable, they are only a general guide to the property and,
accordingly, if there is any point which is of particular importance to you,
please contact the office and we will be pleased to check the position for
you, especially if you are contemplating travelling some distance to view the
property.
**3\. Measurements: ** These approximate room sizes are only intended as
general guidance. You must verify the dimensions carefully before ordering
carpets, flooring or any built - in furniture.
**4\. Services: ** Please note we have not tested the services or any of the
equipment or appliances in this property, accordingly we strongly advise
prospective buyers to commission their own survey or service reports before
finalising their offer to purchase.

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