Garage And MOT Station For Sale

Business description

This well known and respected business was established thirty seven years ago by the current owners and provides vehicle repairs, maintenance, servicing, engine diagnostics and also is an approved vehicle testing station

The company has a huge database of regular repeat customers including Fleet Management companies such as Fleet Support and Arval. An approved list of garages is used for clients leased vehicles and this guarantees a steady stream of business throughout the year. The company has recently become an approved fitter for two major internet tyre retailers, with the prospects of extra income being achieved in the future.

The company operates its business from well equiped premises, just outside the main town centre, it has the largest independent workshop in the local area, with a small team of trained and skilled technicians.

The business is profitable and easy to run with low overheads and works to simple business principles of providing a quality service to its clients at competitive rates.

Customer Service:

This company has earned a good reputation within the local area for supplying quality, yet competitive servicing and repairs. They have built upon the reputation earned over the past 37 years trading and are now one of the busiest garages and MOT stations in the area.

The garage is handily placed within walking distance of the local town centre, and for customers who require a vehicle at all times they have two courtesy cars available to use.

Key Strengths:

This is a well established business built on offering a high quality service at competitive rates. Good value for money combined with excellent levels of workmanship and a prompt and friendly service have generated an excellent amount of repeat business. Consequently the company receives strong word of mouth recommendations from an extensive base of satisfied customers.

There is excellent scope for growth within the company, and there is spare capacity in the workshop.

The business is well run, with an good team of skilled and conscientious workers, who pride themselves on the high standards they have set. The garage workshop is well equipped and uses the latest equipment to provide a level of service equivalent to, if not better than that normally associated with main car dealers. The business is fully equipped to handle the repairs, servicing and MOT testing of all makes and models of vehicles.

The family owners have invested heavily in modern state of the art technology. This always keeps the business one step ahead of their competition and continues to provide their clients with an excellent quality of work.

Financial Information:

The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.

The turnover is circa £380,000 per annum with Gross Profits of circa £56,000. Net profit was considerably down during the past twelve months owing to an injury to the owner and a key member of staff. This resulted in having to turn business away during the past financial year. Prospects for the coming year are to return to previous net profits circa £76,000. Assets comprising all equipment and stock are included in the asking price.

Property information

Property:

Leasehold

Lease terms:

The premises are owned by the vendors and are happy to negotiate a lease term with the new owners of the business. Rental is circa £20,000 p.a with rates of circa £8,209 p.a. Outside there is room for expansion of the workshop/building.

Location:

The business runs from a purpose built, leasehold industrial unit, which measures circa 5,000 sq. ft. of workshop space and circa 600 sq. ft of office space. Outside there is a large yard which is used for storage and ample parking. All of the premises have Red Care Alarm with steel gates on the outside of the workshop complex.

The premises are owned by the vendors and are happy to negotiate a lease term with the new owners of the business. Rental is circa £20,000 p.a with rates of circa £8,209 p.a. Outside there is room for expansion of the workshop/building.

Other information

Expansion potential:

The company has spare capacity, and there remains scope for an increase in the workshop to bring in further turnover and profits. Further utilisation of the workshop, by adding an in house paint shop, would alleviate the need to sub contract out any paint jobs that are often required

Having traded consistently and profitably over the past thirty six years, the owners have maintained the business at a comfortable level that is manageable for them, based on the current infrastructure.

The company has no active web-site, and there is no major marketing or advertising budget. They obtain the majority their business from their regular customers and by word of mouth recommendation. A small amount of investment in a marketing drive would immediately reap rewards with the high quality and service which is provided.

Support & training:

Both the owners would be happy to help out with a smooth transition of the business and help in anyway possible

Reasons for selling:

Both of the owners have been in the same business for over thirty seven years and believe this would be a perfect time for someone to take the business onto the next level. They would like to investigate other new business opportunities.