Profitable Freehold Supply And Installation Of Garage Equipment | | Undisclosed Hertfordshire | | HERTFORDSHIRE FREEHOLD PROFITABLE SUPPLY & INSTALLATION OF GARAGE EQUIPMENT Located in 3,500sq ft premises Est 25 yrs national c/m d/base incl blue chip clients A/T: £880,072 GP: £327,186 NP: £207,274 sales to May 11 circa £900,000 F/H: £1.25M REF: 1051S | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 63826
ADVERT IMPRESSIONS : 15,757 TIME(S) | | | | BUSINESS SECTOR: | Motor & Transport | | TRADE TYPE: | Other | | SALE: | Agent Sale | FREEHOLD: | £1250000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | LOCATION
• The business is ideally located on a large industrial site situated in the South East
HISTORY
• The business was founded by the 2 vendors over 25 years ago, during which time they have built up an enviable reputation for competitive service and reliability
REASON FOR SALE
• The business is only now being reluctantly offered for sale as the 2 vendors now wish to retire
PRODUCTS
• The business specialises in the installation and service of MOT stations, lifting equipment, diagnostics, air conditioning stations and air and oil lines
• Most equipment is imported from Holland, Italy or Germany, some of which are exclusive arrangements
CUSTOMERS
• The business has a national database of satisfied customers including some major blue chip clients who have entrusted them to carry out this key function
STAFF
• 5 full time employees including the 2 vendors
• All the employees are long term and very experienced in all areas of the work
TRADING HOURS
• Weekdays 8.30am to 6pm
FINANCIALS
2010 2009
Sales £880,072 £736,168
Gross £329,186 £199,689
Net £207,374 £93,192
• Stock holding £86,000
• Sales in the year to May 2011 are £946,533
• The vendors are prepared, if required, to work with a new owner to ensure a smooth hand over and to give the necessary introductions to both staff and clients
PREMISES
• Detached single storey lock up premises circa 3,500 square feet, with Red Care alarm system
• 2 front and 1 rear roller shutter door to eave height to allow vehicular access
• Front side pedestrian entry with side double office, rear kitchen area and w/c
• Large storage area with rear workshop
• Approximately 12 car parking spaces in front of the premises
STRENGTHS
• An extremely well established business which has been trading for over 25 years
• Excellent national reputation for competitive service and reliability
• National customer database which includes many blue chip clients
• Annual sales of circa £900,000 which is being achieved consistently and with high gross margins
• Very high repeat and referral rate from other satisfied customers
SCOPE
• Train more engineers as the business turns away work on a frequent basis as it wants to ensure existing clients are well supported
• Buy in a database of all garages and email or write to offer their services
• Advertise in trade magazines to advise readers of the services available, they presently carry out no advertising apart from their own website
TENURE
• Freehold
• Rates: £18,000 per annum, currently being reviewed
DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967). | | | | | | FOR SALE | | | | | REFERENCE: | 1051SG / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
