Ref 7606 – Leasehold Engine Reconditioning SpecialistBlacks Brokers are pleased to bring to the market this leasehold specialist engine reconditioning shop in Bolton, Greater Manchester.IntroductionEngine Tekniks was established by our client in 1986 and was moved to it's current location in this popular sought after area of Bolton in 1990. The business specialises in engine reconditioning, crankshaft regrinding, cylinder reboring and all aspects of engine reconditioning. It has become very well known in this area and has a strong base of regular customers in place. It also benefits from a huge amount of additional trade generated by word of mouth recommendations.LocationEngine Tekniks occupies a prominent trading position within a busy industrial unit. The area is well linked by the A58 and M61 with very strong public transport links and parking is available immediately outside.Reason for saleThe business is ideally suited to a hands-on owner-operator but due to our client’s retirement, the business is offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level.LeaseA new lease can be made available upon sale.Building layout and designEngine Tekniks operates from the ground floor of single fronted, two storey industrial style unit. Once inside the unit you are met with a large workshop area that has a vehicle hoist and two overhead hoists, there is also a small reception and office area along with a toilet. The first floor comprises of a workspace with machines, storage area and kitchen. All areas are well equipped and presented well.StaffThe business operates with one member of full time staff in employment supporting our client working on a full time basis.Financial detailsEngine Tekniks has traded solidly since opening and our client has established a strong repeat customer base. Accounts for year ending 31st December 2020 show annual turnover of £93,314 and gross profit of £36,146. It should be noted that the turnover in 2020 was affected by the Covid-19 pandemic and the management accounts for 2021 are already showing to be more profitable. Full financial information is available upon request.Business ratesThe business currently benefits from Small Business Rates Relief. Purchasers should enquire with relevant local authorities to confirm the rates payable.SummaryThis long established business occupies an enviable trading position in a highly sought after area of Bolton. Our client has secured a strong customer base and exceptional reputation. There is plenty of scope to develop the business further with the introduction of new services and longer opening hours. A new online marketing drive via the comprehensive website already in place and social media pages would also be beneficial. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised. Business: £129,950.Please quote ref: 7606