| | | BUSINESS FOR SALE ADVERT DETAILS | | | ADVERT VIEWED : 11,312 TIME(S)
BUSINESS REFERENCE : AL110 / RightBiz SUPPLIERS OF INDUSTRIAL AND RECONDITIONED ENGINES, DEALERS FOR LDV VANS AND RENAULT TRUCK PLUS A COMMERCIAL VEHICLE MOT TEST CENTRE IN THE EAST MIDLAN | | | | | | Suppliers of industrial and reconditioned engines, dealers for LDV Vans and Renault Truck plus a commercial Vehicle MOT Test centre in the East Midlands Confidentially offered for sale Ref No: AL110 Location: Northamptonshire Asking Price £ 775,000 | | | BUSINESS LOCATION: | Undisclosed Northamptonshire UNITED KINGDOM | | BUSINESS SECTOR: | Motor & Transport | | TRADE TYPE: | Mot Services | | SALE: | Agent Sale | FREEHOLD: | £775000 | | | | | | | | | | | BUSINESS DETAILS: | Business Profile:
Based on the owners’ commercial repairs expertise stretching back many years, this 14 years established business prides itself on being a ‘one stop shop’ for all things relating to commercial vehicles. The enterprise has been operating from the current premises for 9 years after taking over a pre-existing commercial vehicle dealer and repairer, and upon acquisition the business has expanded to carry out fabrication work and service vehicles and trailers at customer premises as well as at the roadside. This dynamic firm is in the enviable position of facing little competition in the local area, with plenty of further growth potential.
The company are reliable suppliers of industrial and reconditioned long and short engines for heavy plant and machinery as well as marine applications. They supply parts for several brands of vans, trucks and trailers, with all products offered for sale being genuine and competitively priced. In addition they offer a commercial vehicle MOT test centre. The wide range of services offered means that the enterprise deals with a varied customer base, putting it in the enviable position of not relying on any particular customer or type of work.
A significant portion of trade is dealt with through a franchise which began in 2006 with a popular trucks manufacturer. As part of a network, the business aims to provide an ‘on the road’ commitment to franchise customers by arranging any necessary repairs within the shortest possible time. The business provides a 24/7 roadside assistance service and repairs within 2 hours of an incident. If a branded truck or van arrives at the workshop and the necessary repairs cannot be completed within two hours, the business guarantees to complete them within four hours. Additionally there is a minimum 90% guarantee of parts availability for the brand and repairs are provided under the brand warranty where applicable. These commitments as required by the franchise mean that the enterprise offers a high level of quality service to all customers, as well as benefitting from the regular trade that arrives through this avenue.
The firm’s operations are run from a high visibility freehold site totalling approximately one acre. The freehold includes a Workshop/ Stores/ Office facility of approx. 10,000 sq.ft. plus a commercial MOT centre of approx. 1500 sq.ft. and the total has an estimated value of approximately £1,000,000. The site is located within the largest industrial estate in the area, which provides an excellent opportunity to attract customers within the commercial vehicle field.
The business is a proud member of the Guild of Engineers. Computerised accountancy is utilised in addition to payroll through the SAGE system.
Equipment:
The sale of this business includes all equipment as used in the workshops.
Customer Service:
The business prides itself on providing a quality service within customer deadlines, ensuring that their customers are inconvenienced by the repairs as little as possible. The enterprise is always well stocked with the parts offered by a variety of brands, as well as offering expertise through its loyal workforce.
The company provides a one-stop solution for customers, ensuring a co-ordinated service to make sure the commercial vehicle is kept on the road during its lifespan.
Key Strengths:
The core strength of this business is its versatility and the way it has adapted and diversified over time. The 2 years established franchise with a major vehicle manufacturer has become an important source of trade and has elevated the levels of service offered to customers. The development of the company acquired 9 years ago enabled the Directors to combine their previous experience with new areas of the commercial vehicle repair sector. The adaptability of this business has ensured a growing customer base, yet the loyal, skilled workforce has also ensured a core level of repeat business.
The business is independent and operates from an excellent industrial estate location in the Midlands. The sale includes title to a large freehold property that includes a fully equipped workshop as well as offices and stores.
Growth and Expansion:
This turnkey business presents an opportunity to build on an excellent platform, with a positive outlook for this always in demand market sector.
The firm could expand on its existing client base and business levels through offering complimentary services.
There is also room for expansion and growth of the company through further advertising, which could help the firm to capitalise on the fact that it has very little competition within the area. This could be undertaken through direct mail or the local press. As the business is able to visit clients at their premises, the firm could also advertise further afield than it does currently.
The business may also constantly develop its highly skilled workforce through employing apprentices, who can dedicate fresh energy to the firm and adapt as it evolves.
Key Opportunities:
This enterprise is offered on a turn key basis. It therefore offers excellent growth potential either as a stand-alone business, or as a high value add-on to an existing business. With a strong demand for services and capacity to increase turnover, a new owner would contribute fresh marketing ideas and outside influence to build on an excellent base.
Employees:
The business employs 13 full time staff, which includes 7 mechanics and 6 administrative/sales/stores staff. Additionally there is one part time warranty clerk.
Advertising and Marketing:
The business currently advertises through the Yellow Pages and Yell.Com. The firm also runs its own website.
Premises:
The firm is based on a 1 acre freehold site based in the largest industrial estate in the area. This location ensures truly excellent visibility and benefits from being conveniently located next to potential clients. The property runs large, modern workshops and stores. The site is comprised of an offices/workshops/stores area of approximately 10,000 square feet and an MOT Workshop of approximately 1,500 square feet.
Business Hours:
Monday – Friday: 8.00am – 6.00pm
Saturday: 8.00am – 12.00pm
The business also operates a 24 hour breakdown recovery service.
Security:
The freehold premises are secured with a monitored security alarm.
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.
Reason for Sale:
This is a genuine retirement sale.
Support and Training:
Handover and training will be provided by the current owners if required | | | | | | FOR SALE | | | | | SELLER: | TURNER BUTLER | | CONTACT: | 01895 25 6000 | | REFERENCE: | AL110 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
