MOT Station, Haverhill, CB9

Location

The business occupies a prominent position within an established light industrial trading estate serving a densely populated market town and is surrounded by independent businesses such as pizza takeaway, plumbers merchants, an electrical shop, tool shop and an engineering company.

Tenure

We are advised a new secure lease will be made available, with the term to be agreed at an asking rental of £6,500 per annum exclusive.

The Premises

The business trades from a large, light industrial unit with secure metal gated front and rear doors along with a large electronic shutter entrance. The premises is fully equipped with a 4-post MOT ramp, welder, brake tester, diesel tester, an emissions machine, a wheel balancer, a tyre machine, headlight aligning machine, compressor, brake wash machine, air con machine, hydraulic press, engine crane and a diagnostics machine. The premises are secure with CCTV, an alarm and benefits from 5+ parking spaces within the lease. On the left-hand side of the MOT station, an internal door leads to staff toilets and a small ancillary area with kitchenette facilities. Also on the left-hand side is an owner office/customer waiting area with space for 2 desk working stations.

Staff & Trading Hours

The vendor works full time, assisted by his son full time and a self-employed MOT tester as and when business demands. The business currently trades 8 am to 5 pm Monday to Friday and we are advised there are no restrictions on trading hours allowing for an increase in hours and days.

Turnover

Accounts will be made available to seriously interested applicants following an inspection of the business. Turnover on the latest set of accounts show net takings of £109,451 with a gross profit margin of approximately 68% yielding adjusted net profits in excess of £45,000. Full financial information will be disclosed at our client's discretion.

Business Rates

The premises is subject to a rateable value of £5,100 resulting in zero business rates payable.

Summary

Internally, the premises measures approximately 2,065 sq. ft. (dimensions obtained from the VOA Office website).

Disclaimer

Whilst every care is taken to ensure that these particulars are correct, accuracy is no way guaranteed and none of the information supplied forms part of any contract. Acceptance of these particulars constitutes a contract to the effect that all negotiations for the business or property will be made through Gilbert & Rose otherwise the purchaser will be equally responsible with the vendor for damages equal to the amount of our commission.