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BUSINESS REFERENCE : AL118 / RightBiz AL118-LIVERPOOL-£ 150,000-MOTOR VEHICLE ACCIDENT REPAIR CENTRE | | | | | | Motor Vehicle Accident Repair Centre Superb Reputation Ref.AL118 Location Liverpool Asking Price £ 150,000 Confidentially offered for sale | | | BUSINESS LOCATION: | Undisclosed Relocatable UNITED KINGDOM | | BUSINESS SECTOR: | Motor & Transport | | TRADE TYPE: | Mot Services | | SALE: | Agent Sale | LEASEHOLD: | £150000 | | | | | | | | | | | BUSINESS DETAILS: | Business profile:
This business set up some 8 years ago by the current vendors has established itself as a fully approved and accredited bodyshop and repair centre with a sterling reputation in the industry it serves. Because of this the business has enjoyed steady growth over the years and has a good mix of customers. These include many of the city’s car dealerships, independent garages and the general public, not to mention insurance companies such is the quality and efficency of this operation.
The staff are fully conversant with the latest bodyshop and refinishing techniques and the business is compliant with all necessary health and safety regulations and codes of practice. Because of this the business is able to repair most manufacturer’s cars giving it huge scope for expansion.
Equipment:
The business has a good level of professional plant and equipment, which includes a good quality paint booth, body shop tools, jigs, heaters, compressors and all the necessary preparation and refinishing equipment. All equipment is included within the sale.
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 of workmanship. All members of staff are helpful at all times and keep customers fully informed.
Members of the VBRA (vehicle builders and repairs association), the company are dedicated to quality, speed and efficiency.
Key Strengths:
The business is situated within an excellent location and has built a strong reputation. Customers are offered the reassurance of a quality repair service with the minimum of fuss and inconvenience, a service that is second to none. This is also reflected in turnaround times the business consistently achieves, not to mention the highly competitive yet profitable rates. Because of this the business enjoys high levels of repeat business.
The premises are large and well laid out with room for expansion if need be.
Growth and Expansion:
Already linked to a variety of motor manufacturers and insurance companies, there is the potential of being able to develop further approvals from other car manufacturers and dealers in the city which has seen a renaissance in recent years. The business does very little advertising and could certainly expand this activity with a more proactive approach to sales. Extended opening hours could also increase revenues should a new owner so wish. The business is well positioned to take maximum advantage of this growth as it occurs as it has all necessary infrastructure in place.
Key Opportunities:
As well as further development of the insurance work which currently only caters for some 10% of overall sales the business has just started offering alloy wheel refurbishment services. This in demand service is already proving both popular and lucrative.
The business would also benefit from the development of its current customer base and building its own website.
Premises:
The premises are leasehold. Current rent is circa £14,000 p.a. Rates are circa £5000 p.a. It is understood a new lease would be made available to a new owner. Current lease is a 3 year one. The premises are situated on a small industrial estate close to the city centre. The site has good access with allocated parking for some 8 cars externally. In saying that the surrounding streets offer free parking if required. Up to 31 cars can be parked inside the building if need be. Total square footage is circa 3,500. The site has toilets, canteen, office, paint room and gas spray oven to compliment the main bodyshop area plus a small mezzanine used for storage.
Business Hours:
Monday – Friday: 0800-1700
Security:
The premises are very secure. All windows have grills on and the building is fully alarmed with a link to the local police station.
Advertising and Marketing:
The business undertakes very little in the way of advertising relying more on referrals and word of mouth recommendations.
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 is on target to achieve sales of circa £200,000 for this financial year. Gross margins have historically been an impressive 50% and this figure is expected to continue. Current stock levels are circa £10,000.This business is well established and consistent. It represents a sound investment with several areas of potential growth that need to be further developed
Employees:
The two partners work full time in the business, one is a painter and the other is responsible for customer care and general operations. In addition to this the business employs three panel beater and one further painter. One of the partners’ wife works full time within the office.
Support and Training
The current owners would be happy to provide full training and support at handover.
Reason for Sale:
Health reasons | | | | | | FOR SALE | | | | | SELLER: | TURNER BUTLER | | CONTACT: | 01895 25 6000 | | REFERENCE: | AL118 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
