Bsi Pas 125 Compliant Bodyshop With Insurance Industry Contacts | | Undisclosed Cambridgeshire | | RESPECTED BODYSHOP WITH EXCELLENT INSURANCE INDUSTRY CONTACTS Secure facility extending to approx 6,000 square feet with all facilities required Loyal and capable staffing Excellent industry contract with approved repairer status with many insurance companies A/T: £1.1M with excellent level of adj net profit at £175k Scope to develop further trade through business development activity F/H: £625,000 + SAV REF: 1247PE | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 70980
ADVERT IMPRESSIONS : 20,895 TIME(S) | | | | BUSINESS SECTOR: | Motor & Transport | | TRADE TYPE: | Garages | | SALE: | Agent Sale | FREEHOLD: | £625,000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | LOCATION
• Located in mixed residential/commercial area close to a Cambridgeshire city centre
• Facility includes body shop with secure yard
• Ample unrestricted street parking for staff and visitors
• Within easy reach of the A47 and A1 trunk roads
HISTORY
• Bodyshop trading from present location approximately 30 years
• Acquired by vendor in 2006 with significant capital investment undertaken
• Business now returned to profitability
• Loyal repeat customer base nurtured over many years with many insurance trade and personal contacts
• Ongoing programme of investment in tools, capital equipment and vehicles
REASON FOR SALE
• Vendor is seeking a change of lifestyle after many years in the industry
SERVICES
• Body repair and refinishing work to all types of vehicles including modern and classic cars along with light commercial vehicles
• Full liaison as required with insurance or accident management companies
• Some mechanical work undertaken
• MoT preparation work
• Collection and delivery service
• Recoveries (sub-contracted)
• Courtesy vehicles provided
SUPPLIERS
• Traditional wholesalers within the industry
• Sata
• DeVilbiss
• Paint supplied through Morelli & Milton Keynes Paint, types include, Dupont & PPG, all paint is waterborne
CUSTOMERS
• Insurance companies and accident management companies account for approximately 75% of sales
• Approvals from many insurance companies and accident management companies.
• Local residents with vehicles requiring repair work
STAFF
• Vendor works in the business on a full time basis
• 11 staff
o Workshop manager
o Receptionist
o Accountant/Receptionist
o 2 Panel shop staff
o 3 Painters
o Estimator
o Driver/Valet
o Apprentice
TRADING HOURS
• Weekdays 8 AM to 5.30 PM
• Saturday 8 AM to 12 Noon
• Sunday Closed
FINANCIALS
• Annual turnover £879,509 (2010)
• Annual turnover £1,076,374 (2011 Draft)
• Gross margin approximately 36%
• Stock holding approximately £5,000
• Superb level of adjusted net profit approximately £175,000 per annum
OVERHEADS
Staff £73,995 pa
Rates £TBC
Heat/Light £16,478 pa
PREMISES AND EQUIPMENT
• A large freehold industrial unit, extending to approximately 12,000 square feet with body shops, spray booth, customer reception, offices, parking and secure yard with hard standing
• Customer reception with seating and WC
• Offices
• Gated yard with CCTV
• Double lock up garage
• Large workshop with roller shutters and WC
• Further large workshop
• Fully compliant spray booth suitable for cars and vans
• Paint mixing shop
• Delivery van (value £4,000)
• Audi A4 (value (£10,000)
• Substantial quantity of tooling and equipment appropriate to trade
Full motorcycle repairs with the following equipment included;
• Spanesi touch frame measuring system
• Full frame alignment jig with two ramps
• 5 pas stands etc
STRENGTHS
• Well established as repair and refinishing business with excellent reputation locally and within the insurance industry
• Spacious, modern and fully equipped facility
• Professional and fully trained staff
• Management hierarchy in place
• Excellent financial performance with exceptionally high level of adjusted net profit
• Website
• BSI PAS 125 compliant
• ACoat Selected
• VBRA member
SCOPE
• Business development activity has been relatively limited with most work being generated through referrals
• Website development
• Could be ideal for buyer with insurance company approval seeking additional site
• Development of personal customer base
• Introduction of retail sales
• Site has full planning permission for 5 two bedroom houses allowing residential development at an appropriate time
TENURE
• Freehold
• Rates TBC
VIEWINGS
• A non disclosure agreement will have to be signed and returned prior to any further information and viewing.
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: | 1247PE / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
