- How much does it cost to buy a garage in the UK?
- Car garages & MOT are usually priced on a multiple of adjusted profit, and businesses in the motor & transport group typically change hands at 2 to 3.5 times that figure, on the basis of adjusted profit. Where a freehold is included, the property value is added on top rather than multiplied. The range within a sector is wide, because the multiple reflects how much of the business depends on the current owner rather than what the business does.
- How many car garages & mot are for sale on Attainer?
- There is currently 1 business listed in this sector. The number is a live count from our database rather than a claim, and it changes as listings are published, sold or come to the end of their term.
- Why can I not see the name of a garage that is for sale?
- Most owner-managed businesses are sold confidentially, because staff, customers and suppliers who learn about a sale before it completes can damage the business being sold. Listings are published as anonymised teasers, and the name and detailed financial information are released once you have signed a non-disclosure agreement. It is a normal part of the process rather than a sign that something is being withheld.
- What should I check before buying a garage?
- The areas that most often produce a genuine problem are the lease and its unexpired term, customer concentration, whether the management accounts reconcile to the filed accounts, and how much of the trade depends on the current owner personally. Verify the adjusted profit line by line with the evidence behind each adjustment, because that figure is what the price is a multiple of.