Garage Services Including Mot Servicing Maintenance Repairs And Accident Repair | | Undisclosed Hampshire | | Garage services including MOT, servicing, maintenance, repairs and accident repair Ref.AL200 Location Hampshire Asking Price £175,000 | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 59965
ADVERT IMPRESSIONS : 23,610 TIME(S) | | | | BUSINESS SECTOR: | Motor & Transport | | TRADE TYPE: | Garages | | SALE: | Agent Sale | LEASEHOLD: | £175,000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Business profile:
With a garage services business on this site for many years, this is a very well established independent garage offering the fullest range of services. The business has a respected team of highly trained and experienced staff and is one of the leading outlets in its area for MOT’s, service, repair and maintenance, vehicle recovery as well as bodywork. It works on all marques, makes and models, frequently working on vehicles as diverse as cars, minibuses and larger commercials.
There is a very well presented Reception Area, two modern workshops, an MOT bay, a bodyshop, valeting bay and a storage area as well as a yard with ample parking.
Employees have been carefully recruited and trained to ensure that their product knowledge and technical proficiency is extensive and current. All staff understand the importance of customer satisfaction and the impact it can have on the future success of the business. Consequently all strive to ensure customer expectations are managed effectively, enquiries are dealt with efficiently and work on vehicles is completed on time. As a small ‘country town’ garage, nothing is too much trouble.
This company can boast an extensive, diverse customer base with many customers having been loyal to the business for many of its years of operation, attracted by the excellent service, high quality workmanship, reliability and above all honesty and integrity displayed by the business. Whilst the majority of turnover arises from private motorists, the business is also the preferred supplier to many local organisations within both the public and private sectors, local and county councils, utilities and the police.
This is a very well managed, profitable garage with an extensive, loyal customer base. With turnover for the financial year ending March 2011 of approximately £900,000, generating gross profits of approximately £360,000 and a pre-tax net operating profit from trading of approximately £125,000, this is an excellent opportunity for an existing operator to extend their presence in the Hampshire garage services’ marketplace or for a new entrant to establish a firm foothold in the sector by acquiring an extensive, impressive, independent, full service, garage services business.
Key strengths:
This very well established business has built an excellent reputation for high levels of service, honesty and integrity. Very much customer driven, the business enjoys a diverse range of income streams – from MOT’s, service, repair, recovery and bodywork for cars, minibuses and commercial vehicles, on behalf of private motorists, corporations and local authorities.
With staff the face of the business, the future prospects of the company are not predicated on any of the current Owners. The business has a strong second tier of management in place covering all areas of the business and a very highly skilled, dedicated and loyal team of trained Technicians, many of whom have been working with the business for a number of years. The business has an excellent loyal customer base drawn from the numerous towns and villages scattered around its location, attracted by the technical skills and expertise available at rates far lower than those of the nearby main dealers but above all the high levels of traditional customer service offered by the business.
Key opportunities:
There is an outstanding opportunity to build on the existing business levels and customer base of this company. With a strong demand for this business's services, a new owner contributing fresh ideas, particularly in the areas of business to business advertising and marketing, will have every advantage of building on an excellent platform. There is certainly the opportunity to build relationships with insurance companies – an area of the marketplace the current Owners have largely ignored to date and the vehicle recovery side of the business.
With Owners largely divorced from the day-to-day running of the business, an injection of new blood and perhaps more importantly dedicated ‘hands on’ management would have a significant impact on profitability.
Premises:
The business is ideally located on the outskirts of a large industrial estate close to the centre of town with good access to the motorway. The impressive, well maintained, rented premises have been furbished to a good standard, having been the subject of good levels of investment since the current Owners took over. The premises include two modern workshops – one dedicated to light vehicles; another which focuses on vans and light commercials. There is also an MOT bay and Body-shop. Customers are greeted in a modern Reception area. The business benefits from ample parking.
The premises are leased with the current Agreement within the Landlord’s and Tenants Act not due for renewal until 2015.
Tools and equipment:
This business has all the necessary equipment expected of a business of this nature, size and stature including the latest diagnostic equipment as well as a modern Paint Oven.
A full inventory of plant and equipment is available on completion of the usual Confidentiality formalities.
Marketing and advertising:
The business has a very well designed and informative web presence which performs very well in all the major search engines for all appropriate search terms supported by local press, newspapers, magazines and community press advertising.
By far the most cost effective marketing this business enjoys however, is the strong word of mouth recommendation and repeat visits it receives from its extensive, loyal client base, testimony to its many years of operation and the high levels of customer service this business has consistently provided.
Employees:
The Owners of the business – part time at best, are ultimately responsible for the financial performance of the business supported by a strong team of experienced employees.
IT:
The business operates the latest Garage Specific software and MOT systems enabling it to monitor all aspects of the business and generate high levels of management reporting.
Financial information:
The business is offered for sale as a going concern. All financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.
Turnover for the financial year ending March 2011 is set to reach approximately £900,000, generating gross profits of approximately £360,000 and a pre-tax operating profit from trading operations of approximately £125,000.
The Asking Price of £175,000 is for a sale of the shares in the business based on a Balance Sheet value slightly in excess of £40,000.
Support and training:
The Owners are happy to assist with the hand over and training necessary to ensure a smooth transfer of the business to new owners, however, with a strong second tier of management in place, it is not thought that this will need to be extensive. .
Reason for sale:
The current Owners wish to pursue other business interests.
| | | | | | FOR SALE | | | | | REFERENCE: | AL200 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
