Accident Repair Centre For Cars & Light Commercial Vehicles | | Undisclosed South Yorkshire | | Accident Repair Centre for Cars & Light Commercial Vehicles Confidentially offered for sale Ref No:AL204 Location:South Yorkshire Leasehold Asking price: £250,000 | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 66986
ADVERT IMPRESSIONS : 20,459 TIME(S) | | | | BUSINESS SECTOR: | Motor & Transport | | TRADE TYPE: | Garages | | SALE: | Agent Sale | LEASEHOLD: | £250000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Business Profile:
This independently owned Automotive Accident Repair Centre has been trading for in excess of 39 years and has earned an excellent reputation for the high standard of work and competitive pricing. The business specialises in repairing saloons and light commercial vehicles up to seven tons, working primarily with accident management companys and private repair work. They also handle insurance work, fleet work and have a contract in place to repair all of the local council vehicles.
The business runs from leasehold premises in South Yorkshire with a main workshop, covered area, offices and car park. All the necessary equipment and facilities are in good working order and everything you would expect is in place to run a successful accident & repair centre. There is an excellent infrastructure with a management team and a highly skilled workforce which allows the business to function whilst the owners are away.
This is a well established business, which would make an excellent investment either as an addition to a car dealer or as a bolt business to an existing accident/repair company who are looking to expand into the South Yorkshire area.
Key Strengths:
Well established over 39 years
Excellent name and reputation for high standard of work
Competitive supplier
Regular work from accident management cos, fleet work & insurance work
Existing contract to repair all local council vehicles
Recently negotiated reduction in site lease charge
Experienced management team
Highly skilled workforce
Fully kitted out accident/repair workshop
Continual work in progress
Growth and Expansion and Opportunities
One of the main areas which the company could expand into is in the fleet sector of the market. Currently they handle just a small amount of this work and have not been particularly active in seeking further business. With their competitive ability and their high quality of work this would be a lucrative and successful market to pursue.
The company handle the local council contract for accidents and repairs. There is the opportunity to tender for and secure other local council work should they wish.
The business has spare capacity within its site and could handle a significant increase in workload.
Employees:
As well as the two owners there are thirteen other employees including eight panel beaters/ painters, a manager, a workshop co-ordinator, an estimator and two office staff..
Premises:
The business operates from a circa 11,400 square feet total site, with offices, a main workshop which accounts for circa 8,712 square feet, a covered work area and a car park. The workshop houses all of the equipment including the spray ovens, a paint mixing room and there are also three vehicle ramps within.
The lease rental is £32,000 per annum and the rates are £6,400 per annum. The lease runs until 2021 with a break clause in year 2016.
Equipment
All of the assets are part of the sale and include;
10 x Ford Ka (Courtesy vehicles)
2 x Renault Clio vans
Astra van
Small transporter van (Transit)
2 x four poster ramps
1 x two poster ramp
MIG welding equipment
TIG welding equipment
Spray Ovens
Paint mixing room
Compressors
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 a turnover of circa £1,150,000 per annum with Gross Profits circa £375,000 per annum and an asset value of circa £128,000. The owners have recently negotiated both a rent and rate deduction adding up to a saving of £8,200 per annum
Reason for Sale:
This is a genuine retirement sale. The owners have both reached retirement age and have reluctantly decided to sell their business.
Support and Training:
The vendors would be happy to help with a smooth transfer of the business in any way possible. | | | | | | FOR SALE | | | | | REFERENCE: | AL204 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
