Hgv/car Workshops & Mot Test Station | | Undisclosed Herefordshire | | HGV/Car Workshops & MOT Test Station Service Agent & Approved Repairer For International Truck Manufacturer Good Garage Scheme Confidentially offered for sale Ref No: AL201 Location: Herefordshire Leasehold Asking price: £660,000 | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 64664
ADVERT IMPRESSIONS : 13,804 TIME(S) | | | | BUSINESS SECTOR: | Motor & Transport | | TRADE TYPE: | Garages | | SALE: | Agent Sale | ASKING PRICE: | £660000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Business Profile:
This business set up some 30 years ago by the curent vendors provides a comprehensive workshop service for a diverse range of commerical, conventional and non-conventional(e.g. Military) motor vehicles from HGVS, PSVs, Light Commerical Vehicles and Vans right through to Cars.
Because of the diverse range of services it offers the vendors have split the business into two separate entities that run autonimously. One side services the HGV/Commercial market and the other looks after the domestic car market.
Since inception the business has established itself as a market leader in the region with an enviable reputation for quality and service backed up by numerous accreditations and. agencies. Because of this the business enjoys very high levels of referrals and repeat business from a very impressive list of large blue chip clients within both the public and private sector (on both the Commerical/HGV side and domestic car side) many of whom have contracts in place with the company for ongoing maintenance of their fleets. The reason for this is that the business can provide a whole host of quality services to customers including:
• Repairs, servicing and ongoing maintenance
• MOT Testing Facilities for CLASS IV, V and VII
• Tachograph Station
• Approved servicing, warranties and repairs for leading international truck manufacturer
• Specialist works for non standard vehicles (e.g.military and utility companies fleets)
• Full diagnostic testing
• Tyre fitting
• Breakdown
The staff are fully conversant with the latest workshop techniques and engine management systems and the business is compliant with all necessary health and safety regulations and codes of practice.
Equipment:
A comprehensive asset register is available upon request. This includes the following items
• 13 Lifts/Ramps (7 of which are commercial)
• Full MOT Station for Class IV, V and VII
• 12.5 Tonne Recovery Vehicle
• 3 Fully Equipped Service Vans
• Large commercial compressors
• Heaters
• Specialist tools and equipment
• Small fleet of courtesy cars
•
Both sides of the business utilise the motor industry leading Cameo Accounting package to manage company administration.
Customer Service/Quality Assurance:
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 on both sides of the business. As an Approved Service Agent for a leading international truck company the commercial side of the operation is audited on an annual basis to ensure it operates to highest standards.
Furthermore the domestic car workshop are members of The Institute Of Motor Industries and the Good Garage Scheme. Because of their commitment to customer care both operations can boast a high percentage of well known respected organisations as loyal clients.
Key Strengths:
The business has many strengths including
• Enviable reputation in the region it serves
• High profile desirable customer base within both public and private sectors
• Exceptional levels of service
• Repeat business
• Significant investment in infrastructure.
• Comprehensive accreditations and approvals
• Highly skilled workforce
Growth and Expansion:
The business has enjoyed steady growth over recent years and this is expected to continue in light of its growing and loyal customer base. The site has the room for expansion if need be and this could easily be achieved . It is understood the business is currently operating at circa 80% capacity.
A new owner could easily expand the operation further and get involved in vehicles sales, both on the domestic car and commercial vehicles side. This is an area the vendors have never really explored. The recovery side of the business could also be developed further.
The business does very little advertising and could certainly expand this activity with a more proactive approach. The business is well positioned to take maximum advantage of this growth as it occurs as it has all the necessary infrastructure in place.
Employees:
The two sides of the business run autonomously. One of the directors heads up the car workshop whilst the other two directors (husband and wife) work full time within the HGV workshop (one is very much hands on in the workshop whilst the other is responsible for administration). However the vendors have put in place a good management team that includes the following full time personnel.
TRUCK CAR
1-Parts/Service Manager 1- Assistant Manager
1- Accounts/Payroll Administrator 1-Foreman
1-Workshop Foreman 5-Technicians
4-Technicians
Advertising and Marketing:
The business undertakes a little bit of local marketing on the car side and this part of the business has its own informative website in place. The Commercial side of the business has never felt the need to advertise relying more on referrals, repeat business and word of mouth recommendations.
Premises:
The business operates from large workshop facility circa 27,000 square feet. It is divided up so that the truck and car centres are run autonomously with no interference . Each business has its own entrance, signage, reception area, offices, parts departments and workshops. Approximately two thirds of the space is utilised by the Truck side. Total rents are circa £70,000. Rates are circa £25,000. It is understood a new lease would be made available to a new owner.
Business Hours:
Monday – Friday: Truck Centre 0700-1800, Car Centre 0830-1730
Saturday 0830-1300
Security:
The premises are very secure and fully alarmed as well as having CCTV.
Financial Information:
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 has achieved steady growth over recent years and this is expected to continue in light of the very strong relationships it has with its major clients. Turnover for the last financial year was in excess of £1,500,000, resultant gross profits circa £440,000 p.a.. EBITDA circa £200,000. Approximately 60% of revenues are generated through the HGV workshop. This business is well established and consistent. It has ongoing contracts in place with major customers which ensures ongoing prosperity. It represents a sound investment with a good level of plant and equipment and several areas of potential growth that need to be further developed.
Reason for Sale:
Retirement/Health reasons.
Support and Training:
The current owners would be happy to provide full training and support at handover and may even consider staying on within the business for a further period if a new owner so required subject to negotiation. | | | | | | FOR SALE | | | | | REFERENCE: | AL201 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
