CoGoGo is delighted to welcome to the market this well-established and busy vehicle repair business, which is ideally located within the town of Yeovil, Somerset.
The business was established by our client in 1992 and is only now being offered to the market due to our client’s desire to re-locate. The business currently operates 5½ days per week and generates a turnover in the region of £200,000 per annum, with a gross profit of approximately 50%, as per the 2015 accounts.
Our client offers a variety of vehicle repairs and services, including batteries, brakes and clutches, air conditioning and re-gas, engine tuning and conversion, exhaust systems and cambelts, suspension and steering, fuel injection and oil changes, servicing and arranging MOTs.
The property is made up of two interconnected units, one of which is freehold, the other is a leasehold unit. The properties combined offer 287 sq. metres of floor space, are very well-maintained and fitted out to suit the trade.
The business has built up an excellent reputation within the area for the high quality of the service offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations.
We feel there is scope to increase the turnover by extending the opening hours. A new owner could embark on a modest marketing campaign to highlight the excellent services offered. We also feel there is scope to offer fleet work to local taxi companies and businesses.
This is an excellent opportunity for a new owner to acquire a thriving business in a prime trading location, therefore, early discussions with CoGoGo must come highly recommended to avoid disappointment.
Financial Profile
The business generates a turnover in the region of £200,000 per annum, with a gross profit of approximately 50%, as per the 2015 accounts.
