Description

Car servicing specialist, Middlesbrough, TS6 6PS

Merc Spec has been trading for over 20 years and operates from 2 freehold modern units in Skippers Lane, Middlesbrough, One of which was built in 2020 . These are also included in the sale.

15 - 16 Newcomen Road, Skippers Lane Industrial Estate, Middlesbrough, TS6 6PS

The company offers MOT's, servicing & repairs and bodywork, dealing with all makes and models, predominately dealing with Mercedes, VW, BMW and Porsche. It prides itself on high level of customer services

A small fleet of 3 VW ups and a Mercedes Veto Service Van are offered to customers as loan cars whilst their cars are in the shop, going that one step further for customer service.

The business has recently had a red-book valuation undertaken on the properties in April 2024, these were valued at £495,000. The properties were transfered on a 11 year mortgage.

The company has no other debts.

Merc Spec shows healthy figures yearly. Their most recent accounts submitted in July 2024 show a turnover of £800,000 + and a profit in the region of 14%. More up to date management accounts are available.

Located in the 2 units are 10 car lifts in total, one of which is a 5 ton commercial lift. The unit has undergone some cosmetics upgraded as of December 2024, including a freshly painted workshop floor, offering a more premium look.

In summary this business offers a purchaser the ability to continue to operate the successful vehicle servicing business whilst also purchasing the properties. As the properties are owned in the company and this is to be a share sale this will void the need to pay stamp duty.

Financials can be provided upon signing an NDA.

For Sale £775,000