Total of 18677 firms and businesses for sale today Tuesday 30th November 2021
Time to Sell Your Business? Promote your Firm for Sale with www.firmsforsale.co.uk. 
Finance And Services:

Business For Sale. Service & Mot Centre Cars, Small Vans And 4x4’s

LISTING DETAILS
Firms For Sale ID:
35161
Vendor reference:
AL253
Vendor website:
     
Printer Friendly
      
Contact Seller
      
Goto Website
More Like This
      
Email Search
      
Add Notes
BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
£120,000  
Turnover / revenue:
£210,000
Net profit / cashflow:
Undisclosed
Years established:
24
Trading hours:
Monday – Friday: 08:30-17:00 Saturday and Sunday: Closed
Employees / staffing:
The vendor works within the business and manages admin and MOT’s. The business also employs 2 full- time mechanics. Staff are highly experienced and a real asset to the business

OTHER DETAILS
Reason for selling:
Genuine retirement sale
Support and training:
The current owner would be happy to provide full training and support at handover.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
 
Image Not Found
BUSINESS DESCRIPTION
Ref No: AL253

Location: Dorset
Asking price: £120,000 + net assets

Asking price includes:

Turnover of circa £210,000 per annum (2020 accounts)
Gross profit c £88,000 per annum (2020 accounts)
Net Assets c £30,000 (2020 accounts)
Adjusted EBITDA c £40,000 before drawings (2020 accounts)

More than 24 years historic trading
Fully equipped and modern workshop
Excellent repeat customer base
Well fitted single lane ATL MOT bay Class 4
Knowledgeable, experienced and motivated team
All tools of the trade included in the sale
Ample Parking
Prominently situated site
Goodwill
Business Profile

This family business, set up over 24 years ago, provides a comprehensive workshop service for motor vehicles/cars and light commercial vehicles within the busy Dorset and South Coast region it is located within. The business has built up a sterling reputation in the area during this time and provides full repair, servicing, maintenance, tyre fitting and MOT testing services to the local community and beyond.

This profitable business has established itself as a market leader in the region with an enviable reputation for quality and service; it has a particular expertise and specialism with the Volvo and Renault manufacturer brands. Because of this the business enjoys very high levels of referrals and repeat business from a loyal following of customers. The majority of clients are domestic customers but the business also has a few business clients.

The garage is fully equipped for purpose and plant includes:

• Dedicated ATL Class 4 MOT bay
• Fully equipped tyre fitting bay
• 4 Ramps (including an MOT 4 post ramp up to 4 tonnes)
• 4 Wheel computerised alignment machine
• Full diagnostic equipment
• Range of specialist tools

The vendor has a small but excellent team of 2 x full-time mechanics who take care of the general servicing and repair parts of the business leaving the vendor to manage MOT’s. Staff are fully conversant with the latest workshop techniques and engine management systems and the business is compliant with all necessary health and safety regulations and codes of practice.

Location is ideal being close to major road networks and busy South coast resort towns and also has ample parking so customers can leave their cars and pick up at a convenient time later in the day if need be.

Equipment:

The garage has a comprehensive range of plant and equipment as you would expect from a very well-established workshop. All plant and equipment is included within the sales price.







Customer Service:

The business offers an excellent standard of service and is proud of their attention to customer care offering professional advice and high quality workmanship. This is evident in the very high levels of repeat business the garage enjoys and the fact it does not need to advertise.

This business is a member of the Motor Industry Code of Practice; which is a self-regulatory body for the motor industry, with a voluntary membership of thousands of garages all committed to maintain a customer’s car without affecting its warranty.

Key Strengths:

The business has many strengths including

• Enviable reputation in the region it serves
• Huge customer base
• Exceptional levels of service
• Repeat business levels and referrals
• Significant investment in infrastructure.
• Highly skilled workforce
• Profitability
• Location

Growth and Expansion:

The business has enjoyed steady trade over many years and this is expected to continue in light of its growing and loyal customer base. The site has room for expansion if need be and this could easily be achieved if a new owner wished to employ further personnel as the demand is already there.

There is the opportunity to consider motorcycle MOT provision as there are currently few motorcycle MOT stations in the area.

The business does very little advertising and could certainly expand this activity with a more proactive approach. The business is well positioned to take maximum advantage of this growth as it occurs as it has the necessary infrastructure in place.

Employees:

The vendor works within the business and manages admin and MOT’s. The business also employs 2 full- time mechanics. Staff are highly experienced and a real asset to the business

Advertising and Marketing:

The business has never felt the need to advertise bearing testimony to the fact that it enjoys exceptionally high levels of repeat business from a large and loyal customer base.

There is however a comprehensive and attractive website detailing the services and facilities offered.

Premises:

Premises are a real strength of this business. Ideally located on a modern, discrete and busy industrial estate that is close to the key South coast, Dorset trunk roads and a busy thoroughfare, the business is very well known and accessible. The premises comprise of two single storey workshop (circa 2,200 square feet) with office/reception, waiting area, toilets, and storage. There is a large forecourt area and parking for some 10 plus vehicles.

Premises are leasehold. Current rent is circa £18,542 p.a. Rates are circa £4,432 p.a.
It is understood a new lease would be made available to a new owner, subject to negotiation.

Business Hours:

Monday – Friday: 08:30-17:00
Saturday and Sunday: Closed

Assets and Equipment:

Bosch Diagnostic System x 2
Snap on Diagnostics
Autel Diagnostics
MOT Bay Class 4 (ATL System)
1 x Bosch Wheel Alignment System
1 x Air Condition Machine
1 x 4 Post (Hydraulic) lift (MOT)
2 x 2 post lifts
1 x Scissor lift
1 x Tyre Fitting Machines
1 x Wheel Balancer
All Tools of the Trade
Business Systems, Garage Data System (invoicing) and Serenco (technical)

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 business is growing year on year. Current turnover is circa £230,000 p.a. Gross profits currently of circa £87,000 p.a. Adjusted Net profit from the year end June 2018 accounts of circa £44,000 and net assets of circa £28,000.

The business generates impressive profits. The vendor has invested in the infrastructure of the business over the years and it has a highly impressive level of plant and equipment that is included within the sales price.

Reason for Sale:

Genuine retirement sale

Support and Training:

The current owner would be happy to provide full training and support at handover.

Asking Price:

The Asking Price of £120,000 plus net assets is for 100% of the issued capital of the company, assuming Net Assets of £30,000 on completion (calculated on a zero cash-zero debt basis). The final selling price will have a £1 for £1 adjustment for any rise or fall in this benchmark Net Asset figure of £30,000 at completion.

Expansion Potential
The business has enjoyed steady trade over many years and this is expected to continue in light of its growing and loyal customer base. The site has room for expansion if need be and this could easily be achieved if a new owner wished to employ further personnel as the demand is already there.

There is the opportunity to consider motorcycle MOT provision as there are currently few motorcycle MOT stations in the area.

The business does very little advertising and could certainly expand this activity with a more proactive approach. The business is well positioned to take maximum advantage of this growth as it occurs as it has the necessary infrastructure in place.