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BUSINESS REFERENCE : AL101 / RightBiz CONSISTENTLY PROFITABLE & WELL ESTABLISHED GARAGE SERVICES - REPAIRS, SERVICING AND MOTS | | | | | | Consistently Profitable & Well Established Garage Services - Repairs, Servicing and MOTs Confidentially offered for sale Ref no: AL101 Location North West England Asking price £270,000 | | | BUSINESS LOCATION: | Undisclosed Relocatable UNITED KINGDOM | | BUSINESS SECTOR: | Motor & Transport | | TRADE TYPE: | Mot Services | | SALE: | Agent Sale | LEASEHOLD: | £270000 | | | | | | | | | | | BUSINESS DETAILS: | Business Profile:
This is a superb opportunity to purchase a busy and profitable garage business with servicing, repair and MOT facilities that is situated in an excellent location and makes a healthy living for the current owner managers.
This thriving, privately owned garage business specialises in providing expert services for all makes and models of motor vehicles, to include also light commercial vehicles, and currently undertakes approximately 220 MOT tests per month. Trading since May 2002 the business is well established and has an excellent reputation for dedicated workmanship and for delivering professional and friendly services at affordable prices.
A quality MOT is carried out each and every time and all repair and maintenance work is carried out cost-effectively and under strict guidelines by a dedicated team of competent and qualified technicians.
This business has an excellent combination of private and account customers and a varied mix of servicing, repair and MOT work, which provides the 'bread and butter' of the business. This business is in the enviable position of not being reliant on any one customer, sector or type of work. The vast majority of work comes from motorists attracted by the excellent service, high quality workmanship, reliability and above all honesty and integrity displayed throughout the operation.
The fully equipped workshops have all the equipment and facilities necessary to provide a competitive service. This garage is the first choice for its customers for specialist trades include servicing, replacement tyres, exhausts and batteries, with full body repairs being outsourced to reputable and reliable companies, thus providing a fully comprehensive service to customers.
Employees are carefully recruited for their skills. They understand about client satisfaction and ensure enquiries are dealt with politely and efficiently, providing helpful advice and unrivalled service.
This opportunity offers the new owners a very desirable strategic market position. This is an established business with superb potential in all areas; very versatile it has a proven history of success, tremendous upside revenue and plenty of potential.
This garage services business is competitive with other local service and repair outlets, choosing to differentiate itself by the quality of its service. The level of service offered has ensured this business has outlived many local competitors that have fallen by the wayside whilst this business has gone from strength to strength.
This is a well organised independent garage business with well-equipped workshops, offering friendly and genuine personal service from a team of first class mechanics. It has experienced steady growth throughout. It is well managed and with turnover approximating £370,000 and gross margins of some 40%, and represents an excellent investment opportunity for anyone looking to establish a foothold in this sector, in a very well located position.
Location:
This business is superbly positioned on the edge of a busy industrial park, occupying a prime site adjacent to the main motorway and A Road networks, and giving fast access to the northern regions and to additional motorway networks. Various bus routes are on the doorstep and a British Rail Station is within easy reach.
Customer Service:
Customers appreciate the prompt, friendly service, safe driving, reliability, convenient hours and reasonable yet competitive prices. The business considers simply that happy customers come back and on that simple basis has maintained levels of product and service quality intended to guarantee that happiness. The results of this commitment are evident in the degree of return custom and the choice of this garage by new customers over competitors.
Employees:
The owners are responsible for the daily management of the business supported by a friendly, high-performing workforce of six full time and one part time employee, with part-time support in administration and bookkeeping.
Key Strengths:
This is a profitable business with customers returning time and again. The business has an excellent reputation for fulfilling all servicing and repair requirements, having a dedicated team of competent, qualified, experienced and knowledgeable mechanics who attend to every client's individual needs. High quality performance, reliable and expert service and experienced technicians are the factors that set this profit-making garage and service centre above the rest with a sterling reputation that is second to none. The competitive approach and policy of continuous improvement demonstrates a determination and commitment to maintaining the excellent reputation that it has earned over the years. Good value for money combined with expert levels of workmanship, prompt reliable friendly service at competitive rates, have all generated high levels of repeat business. Consequently the business enjoys strong word of mouth recommendation from an extensive base of satisfied customers.
The business uses the latest diagnostic equipment to provide a level of service equivalent to, if not better than, that normally associated with main dealerships. The business is equipped to handle the repair and servicing requirements of all makes and models of vehicles. The business has clear branding, and its website features highly on the search engines. It has online links with suppliers, and is the accredited fitting stations for three internet based tyre retailers.
This is a well-managed business - its operation has grown consistently and has always posted a profit.
Key Opportunities:
There is an outstanding opportunity to build on the existing operating levels and customer base of this company. With an enviable reputation the business still has further scope for development, possibly entering into the lucrative fast fit market. With a strong demand for the services provided by this business, a new owner contributing fresh ideas, particularly in the areas of advertising and marketing will have every advantage of building on an excellent platform. This business is well positioned to take maximum advantage of any growth as it occurs. Early viewing is recommended to appreciate this excellent opportunity. The growing motor industry offers significant opportunities and this business is ideal for a new owner who is motivated and can tap their creative capacity to expand the business successfully. There is more than enough demand to warrant such an endeavour; with a high demand for existing services there is capacity to increase the turnover and profitability.
The company could introduce car and van rentals, and could install Class V11 MOT Bays, as well as provide week-end openings. Also car wash and jet wash facilities could be introduced. Service reminders and vouchers could be sent out to customers, and communications could be established with additional businesses with a view to servicing their fleets. Another area for expansion could be bodywork which is currently out-sourced - work which with a little investment could be retained in-house. Similarly increased servicing of air conditioning systems of vehicles could be provided for customers, particularly during the summer period.
Having been in this business at this location since May 2002 the current Owners appreciate that an injection of new blood, perhaps introducing new ways of working, will generate efficiencies within the business, increasing productivity. Certainly capacity exists within the business to increase turnover with a consequent impact on profitability.
Advertising and Marketing:
A large percentage of new clients are derived from word of mouth recommendations - the business regards existing customers as their best advertisers. Always busy the business has surpassed growth expectations and gained an excellent reputation since inception. The business has used limited advertising in the past and there is an excellent opportunity to increase the advertising and market the business more aggressively.
Premises:
The business operates from secure, well-suited premises with ample parking facilities. The business celebrates more than adequate space to facilitate efficient trading practices offering a 5,500 square feet workshop plus 900 square feet of office accommodation, totalling some 6,400 square feet, and a mezzanine floor for further storage and office useage, operating on circa 0.2 acres of land. The site has excellent signage and the location of this garage attracts a great deal of local and passing business trade. The premises are substantial and comprise of well-equipped workshops with state of the art diagnostic equipment and two MOT bays fitted with eight ramps to handle the high volume of work and is completely equipped to handle all phases of vehicle repairs. The company has an office on site for staff to handle the administration side of the business. The rental amounts to £42,000 per annum.
Tools and equipment:
As well as all of the equipment necessary to meet the requirements for a modern MOT bay, the workshops are well equipped including (inter alia) eight ramps, an exhaust gas analyser for both petrol and diesel engines, a tyre machine, an air conditioning machine, diagnostic kit, three commercial hoists, and a wheel balancer. A further distinct competitive advantage is that the company has an internet based parts look-up facility affording smooth operational work flow, as not all garages are able to benefit from such technologies. Also the business operates a “just-in-time” stock facility in respect of its exhaust system supplies, enabling a rapid turnaround of vehicle jobs, as the company never has to wait for parts from suppliers. The company’s computer software includes the dedicated “Autowork” program, that incorporates built-in customer relationship management applications.
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 is financially stable with a healthy balance of accounts, cash clients and has shown consistent strong growth in profits. The current turnover is approximately £370,000 per annum, generating a 40% gross profit percentage on sales.
Reason for Sale:
The owners have successfully developed and nurtured this business from scratch to its present expanded level, and consider that it is now time to pass this enterprise to a new owner with a fresh outlook, as it is now the right time to take this established reputable firm upwards to its next operating level of profitability. The owners are happy to support and assist with a handover and training period for a length of time to be negotiated prior to the sale, to ensure a smooth transfer of the business to the new owners. | | | | | | FOR SALE | | | | | SELLER: | TURNER BUTLER | | CONTACT: | 01895 25 6000 | | REFERENCE: | AL101 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
