Challenge Way

We are pleased to present a rare opportunity to acquire a well-established VAG specialist MOT station in the heart of Colchester. This business has been successfully operating for a number of years, building a strong reputation for quality service and reliability.

Key Features:

Established Clientele: Loyal customer base with regular repeat business and excellent word-of-mouth referrals.

Comprehensive Services: Fully equipped to offer a wide range of MOT testing and vehicle repair services, in addition to being a VAG specialist.

Experienced Staff: Skilled and certified technicians willing to stay post-sale, ensuring a smooth transition.

Modern Equipment: Up-to-date diagnostic and repair tools, ensuring compliance with all regulatory requirements.

Strong Financials: Consistent turnover and healthy profit margins with potential for further growth.

Reputation: Outstanding 4.9-star rating on Google Reviews.

Accolades: Finalists for the IGA's British Independent Garage Awards 2023.

Facilities: Spacious workshop with multiple bays; Comfortable waiting area for customers; Office space for administrative tasks; Secure storage for parts and equipment.

Growth Potential: There is significant potential to extend the trading days and times as our client currently closes on weekends which leaves massive scope to increase business. Also, increasing marketing efforts would also help grow the business.

For more details or to arrange a viewing, please contact us now! RX407750

Location

The premises is situated within an established industrial estate that is surrounded by a densely populated residential community, giving high levels of potential custom.

Tenure

10 year lease from July 2019 at a current rental of £8,103 per quarter.

Premises

A double industrial unit with forecourt area providing 9 parking bays, a roller shutter to the front and single entrance door both lead into the premises which measures approximately 5,191 sq. ft. and is arranged as follows: Ground floor warehouse 3,999 sq. ft.   Ground floor office 326 sq. ft. Ground floor area under supported floor 270 sq. ft. Mezzanine floor store 270 sq. ft. Mezzanine floor store 326 sq. ft.

Equipment

The premises is fully equipped to trade with the following major items (a full inventory will be provided at the point of sale); AUTEL DIAGNOSTIC AUTEL MK908FDL03; SYKES PNEUMATIC SPRING COMPRESSOR; 40'' RC DRAW STORM GREY W/BLACK SNAP-ON CABINET; 2M HEATER MANUAL FUEL OIL HEATER; AUTODATA SUBSCRIPTION + RMI MEMBERSHIP; FILL DEV ASE42502000000 VAG FOR DRC; NVR CCTV AND INTRUDER SYSTEM; G-FLOOR PROTECTOR / HILKA professional 24 garage steel cabinets; SNAP-ON ZEUS+; BENPAK 4.5 TONE 2 POST LIFT/ JOHN BEAM V2200 WHEEL ALIGNMENT; 2X MOT BAYS + WHEEL; ALIGNMENT FROM HOFMANN (CLASS 4, 5, 7); MEGASPIN 820P HOFMANN SUPER EHRRL BALANCER AUTO; VW UP BLUE AO66ZPF HIRE CAR; ABAC GENESIS 11KW 53 CFM 10 BAR 270L COMPRESSOR.

Equipment continued

ILIENTECH KESS AUTOTUNER - TUNNING PROGRAMMER; SEALEY 4 DRAWERS ORGANISERS; VARIOUS SNAP-ON TOOLS AND MILWAUKEE TOOLS + M18 GUNS AND SIDE GUNS; SNAOP-ON WHEEL ALIGNER DESKTOP; 1 TORQUE WRENCH 1/2 ELECT electric and 2.5 ally race snap-on; TYRE CHANGER GIULIANO; JUMP PACK 950AMP/ REMOTE STARTER SWITCH SNAP-ON; EV ROLEC CHARGER 1X 22KW; GYS 026988 GYSFLASH 101.12 CNT BATTERY SUPPORT; DUAL GAS MASCHINE SNAP-ON; TOOL BOXES, TRAYS; 2X PC COMPUTERS, 8X LAPTOPS WITH DIAGNOSTIC AND PROGRAMING, 4X IPADS. 

Trading Hours

Monday to Friday 8 am-6pm, Closed Saturday and Sunday.

Staff

The business is run by 2 vendors, 1 being a MOT tester and the other dealing with the admin / financial side of the business. They are assisted by 3 Full time mechanics and 1 full time office receptionist.

Turnover

Most recent 4-quarters VAT returns confirm a net turnover of £517,703. Full financial information can be disclosed to seriously interested applicants following a viewing of the business.

Business Rates

The premises is subject to a rateable value of £26,500 and we are advised the business rates are payable at £331 per month.

Legal Costs

Each party to be responsible for their own with the landlords legal cost to be split 50/50.

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.