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BUSINESS REFERENCE : AL117 / RightBiz AL117 -WEST CUMBRIA-£ 1,250,000-VEHICLE RECOVERY COMPANY | | | | | | VEHICLE RECOVERY COMPANY With Workshop/Bodyshop Repairs and Car Hire Ref.AL117 Location West Cumbria Asking Price £ 1,250,000 | | | BUSINESS LOCATION: | Undisclosed Cumbria UNITED KINGDOM | | BUSINESS SECTOR: | Motor & Transport | | TRADE TYPE: | Garages | | SALE: | Agent Sale | FREEHOLD: | £1250000 | | | | | | | | | | | BUSINESS DETAILS: | Business profile:
Set up over 40 years ago this truly established business provides a comprehensive range of services to the market it serves. These include
Recovery Services- The business has a comprehensive fleet of signwriten recovery vehicles that provide a 24/7 service. The business is in the enviable position of holding written contracts with many of the national automobile clubs(up to 3 years in duration) with guarantees them income throughout the years. (50% of turnover)
Insurance Approved Workshop & Bodyshop- Operating from substantial and very well equipped premises the business is able to undertake general auto mechanical repairs,servicing maintenance and diagnostic services for most marques in addition to providing specialist auto body repairs, welding, paint restoration and mixing services. (Workshop 12.5% of turnover, Bodyshop 12.5% of turnover)
Fast Fit Centre- Providing a rapid and reliable fast fir service that includes the supply and fit of exhausts, tyres and batteries for most manufacturers vehicles. (12.5% of turnover)
Car & Van Hire- The business has an in-dpeth knowledge of the vehicle hire and lease market and as such is able to provide customers with excellent rates.
Car Sales- As the business is a fully licensed credit agency they also offer contract hire, hire purchase & personal car finance.
Equipment:
The business has all the necessary plant and equipment to carry out its work to the exacting standards its clients require.These include a fleet of 9 recovery vehicles, 3 courtesy cars, 4 ramps, a spray booth and a full range of garage equipment. All this equipment is housed within substantial and well fitted detached industrial premises. Estimated value of assets (including freehold)is circa 950,000.
Customer Service:
Over 40 year successful trading is an indication of the service levels provided. The business has a wide and varied regular client base, many of whom are large blue chip commercial organisations. These include most of the national automobile breakdown associations, the large fleet management companies and organisations who themselves have a large fleet of vehicles that need maintaining as well as insurance backed businesses and dealerships.The business would not have such impressive customers if its levels of service were not of the highest level.
The business is a member of The Association Of Vehicle Recovery Operators (AVRO).
Key Strengths:
• There are no other businesses of similar nature or size in the area.
• Written ongoing contracts with major breakdown/automobile associations guarantees future revenues.
• Turnkey solutions
• Commercial and private customer base
• Multiple revenues streams
• Market presence and reputation
• Levels of repeat business
• Assets and equipment
Growth and Expansion:
The business is set up well for future growth within the existing infrastructure. There are opportunities to grow all parts of the business further. At present the company uses an external company to provide MOT testing. There is no reason why this could not be brought in house as the site has the space to install and MOT bay.
Further promotion of the car hire and sales side would certainly increase revenues. The business has done very little proactive marketing of this side of the business.
Premises:
This is a substantial and extremely well maintained detached freehold commercial property which occupies a good position in a mixed residential and commercial quarter of the town.
Ground Floor- Well appointed open plan 3-Bay garage workshop with 3 vehicle ramps, engine hoist etc. Adjoining dedicated body repair and paint shop with 1 vehicle ramp, body jig, plasma cutter, welding bay and purpose built spray bake oven. At the front of the building is the reception area, front office, customer toilet, staff toilets and control room.
First Floor- 2 offices and staff restroom/kitchen
Basement- Paint store and mixing room, compressor store and parts store
The business has lots of parking on site to the front, side and rear. It is understood there is parking for well in excess of 50 vehicles.
Business Hours:
Monday – Friday: 0900-1730
Saturday: 0900-1200
Recovery Services: 24/7
Security:
The premises have roller shutter doors and CCTV installed on site.
Advertising and Marketing:
The business currently has a standard listing in The Yellow Pages and also has a website, as well as a listing on a national car leasing organisations website as a local dealer. Besides this the business has relied on word of mouth recommendations and referrals over the years as well as visibility the sign written fleet and prominent position in the town gives them.
Financial profile:
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 consistently achieves turnover circa £400000 p.a. with an impressive gross profit margin of circa £170,000 p.a. Current stock levels are circa £20,000. The business has a good level of equipment and the freehold itself represents an excellent investment opportunity let alone the business.
Employees:
The owner works full time in the business through choice as he is very much a hands-on individual. The following staff are employed.
• Office Manager/Car Hire & Lease Manager
• Office Administrator
• 8 Full Time Operatives(3 in bodyshop, 5 on recovery and mechanical side)
• 2 Part Time Operatives
All staff have been with the business for many years. They are a real asset of this business.
Support and Training
The current owners would be happy to provide full training and support at handover and be prepared to stay on for a futther period of time if a new owner so requires, subject to negoatiation
Reason for Sale:
The vendor is planning his retirement | | | | | | FOR SALE | | | | | SELLER: | TURNER BUTLER | | CONTACT: | 01895 25 6000 | | REFERENCE: | AL117 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
