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BUSINESS REFERENCE : AL084 / RightBiz AL084-CENTRAL SCOTLAND-£2,950,000-LEADING UKCOMMERCIAL VEHICLE ACCIDENT REPAIR,SERVICE & MOT: | | | | | | Leading UK Commercial Vehicle Accident Repair, Service & MOT: Valuable Two Acre Freehold Site Confidentially offered for sale Ref No: AL084 Location: Central Scotland Asking price £2,950,000 | | | BUSINESS LOCATION: | Undisclosed Relocatable UNITED KINGDOM | | BUSINESS SECTOR: | Motor & Transport | | TRADE TYPE: | Mot Services | | SALE: | Agent Sale | FREEHOLD: | £2950000 | | | | | | | | | | | BUSINESS DETAILS: | This leading commercial vehicle accident repair, service and MOT business was established by the current owners more than thirty years ago. Since that time it has developed to be recognised as one of the top 10 commercial vehicle accident repairers in the UK. This has been achieved through a mixture of market knowledge, entrepreneurial spirit and the establishment of first class working relationships with major clients. These consist of insurance companies and the many national and local businesses using the company.
The business is located on a first class freehold site of circa two acres, close to major road, rail and air transport links.
There has been major investment in the comprehensive facilities during the past ten years. The company now offers a modern, clean working environment in six accident repair and five service bays. The latest, market leading ‘JOSAM’ laser alignment and measuring system is utilised to ensure accurate repair of vehicles. Specialist heat induction technology is used to ensure accurate chassis repair. A large spray paint booth, which can be subdivided for smaller vehicles, is also used, further demonstrating the commitment to ongoing investment.
The company specialises in the servicing and accident repair of all makes of commercial vehicles from 2.8 tonnes , up to the largest used on UK roads, and in addition is a Renault Trucks Franchised Repairer. More than 250 vehicles are regularly serviced, some owned and operated by the largest fleet operators.
The company enjoys an excellent blend of sales across the four major service lines as follows:
Accident repairs – 60%
Service operations – 20%
Steering Geometry/Paintwork – 3% (where not part of accident)
MOT’s – 17%
This is a first class business which would be an excellent acquisition for any company looking to gain a major footprint in commercial vehicle accident repair, servicing and MOT in Scotland.
Customer Service
The highest levels of personal service sit at the heart of the company’s customer engagement strategy.
Key Strengths
In the thirty years of operation, the company has developed an enviable reputation for the quality of work and for ‘getting it right, first time, on time’. For commercial vehicle repairers this is an essential quality. The company also demonstrates an ‘easy to do business with’ attitude.
The company is a well known approved accident repair centre within the insurance industry, again for the quality of work. Similarly insurance estimates are trusted as being accurate and reasonable. Since much repair work is carried out on behalf of insurance companies, they are amongst the largest clients of the business. Personal relationships have been established, at all levels within the company.
Most large fleet operators carry out frequent surveys to assess the quality of work delivered by their accident repairers and service suppliers. The business is often top in these rankings.
The business is fully compliant to ISO 9002.
Employees
The company employs 34 staff with a strong second level management team reporting directly to the directors. A number of staff have been with the business for many years and are justifiably proud of the quality of work delivered and the reputation earned.
Functionally the business is organised around the major service lines of Accident Repairs including paintwork and Servicing including spares and warranty claims. A financial controller is employed as is one person to act as the liaison point to the insurance company clients.
Advertising and Marketing
Almost all new work is generated through referrals and direct ‘word of mouth’ recommendation. A website is utilised.
Premises
The premises consist of a valuable freehold site of circa 2 acres. In addition to the repair and service bays mentioned earlier, an office block of circa 1,900 square feet is utilised.
A full commercial property valuation and appraisal is available upon request.
Business Hours
Current business hours are as follows:
Monday to Thursday 8.00am to 9.30pm
Friday 8.00am to 8.30 pm
Saturday 8.00am to 12.00 pm
Financial Information
The business is being offered for sale on an ongoing 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 financially stable with low levels of borrowing. High gross and net margins are enjoyed and the business has shown consistent performance. Current turnover is circa £2,700,000 with adjusted net profits of circa £575,000.
Reason for Sale
This is a genuine retirement sale. The stage has been reached where the current directors wish to retire and are looking to dispose of their interest in the company.
Support and Training
An extended handover, training and familiarisation period will be provided by the directors to ensure a smooth transition to new ownership. | | | | | BUSINESS STATUS: | FOR SALE | | | | | SELLER: | TURNER BUTLER | | CONTACT: | 01895 25 6000 | | REFERENCE: | AL084 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
