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Asking Price
£750,000
Description
This is a well established freehold business that has been trading since 1978.
The current vendor has been in ownership for the last four years. He has decided to sell due to personal family commitments.
The business is an independent BMW specialist, for which it has full diagnostic equipment. It is gaining more and more BMW owner customers on a daily basis.
In addition, other independent dealers are also using the services of our client.
Our client is the only independent BMW specialist within a very large catchment area.
The freehold site can accommodate up to 35 cars at a squeeze. It also has a two bed bungalow, which at present is let at £500 per month.
Our client has applied for planning permission for 5 bays. They are positive they will receive the permissions.
The vendor has informed us that the council has vocally consented that the site would be suitable for redevelopment into flats.
The business at present has one MOT bay and can conduct up to 10 MOT's per day. The MOT's provided an almost limitless level of work.
Our client has indicated to us that a second MOT will be installed, which will boost weekly average revenues. As MOT work will fill most of the capacity. Indeed there is demand for 3 MOT bay's at the business.
Our client also services/repairs and sells cars, specialising in BMW's. Other makes are also catered for, although the owner due to his family time commitments has deliberately curtailed sales.
The business at present employs four full time mechanics and two MOT testers.
The business provides tremendous scope to build upon the MOT side and to develop the sales of BMW cars. Present BMW car sales provide a healthy margin.
An owner MOT tester would significantly increase net profits.
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