Petrol Forecourt Station 2xQuads (8 pumps) Shop and Workshop, MOT, Mechanical Repairs & Tyres

Undisclosed

Status

FOR SALE

Date Submitted:

25/09/19

Advert ID

249819

Reference

AL241 / Rightbiz
Freehold: £875,000
Annual Turnover: £882,448
Annual Net Profit: £107,082

Petrol Forecourt Station 2xQuads (8 pumps) Shop and Workshop, MOT, Mechanical Repairs & Tyres plus Recovery
1 bed apartment
Ref. AL241
Location : Kent
Asking Price : £875,000 Inc. Freehold

This petrol forecourt and garage services related business has been established for over 16 years and is widely recognised as a local brand amongst its predominantly local clientele.

It is a very well established, independent garage - a ‘one stop shop’ for all motoring needs including a petrol forecourt with shop, a workshop mechanical repairs and tyres, MOT station and recovery service.

The petrol forecourt comprises 2xQuads (8 pumps) Shop and Workshop.
With a team of fully trained staff, this business is capable of working on all makes and models in its workshop. The petrol forecourt at the front of the premises is served via a small retail shop, an MOT station and workshop.

The garage on-site facilities ensure that a quality job is completed each and every time with all repair work undertaken with the greatest care and attention. All staff understand the importance of customer satisfaction and the impact it can have on referrals and repeat business. Customer expectations are managed effectively, enquiries are dealt with efficiently and work on vehicles is completed on time. As an independent garage, it offers a highly personal service.

The company provides an acquirer with an ideal additional outlet for a business already operating in the garage services sector or alternatively an excellent platform with future growth.

Customer Service:

This company has an extensive local client base with the vast majority of customers being private motorists attracted by the excellent service, high quality workmanship and reliability.

Key Strengths:

• Excellent Reputation for Quality of Work
• Efficient and Established Service
• Reliability
• Little local competition.
• Solid, longstanding petrol forecourt, shop, workshop MOT customer base
• Loyal, highly skilled and experienced workforce.
• Significant growth and expansion opportunities. 

Key Opportunities:

The Owner believes that the business has significant potential for growth:

• Motivation that would inevitably occur from new ownership.
• Extending the workshop and investment to bring it up-to-date
• Installation of another MOT bay for additional work
• An increase in the hourly rates charged in the workshop

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.

Turnover circa £882,448 per annum
Gross profit c.£342,482
Net Profit c. £107,082

Asking Price:

Asking Price:

The Asking Price of £875,000 is for the Goodwill, assets and the Freehold Premises. 

Advertising and Marketing:

Investment in a business website and advertising could certainly attract additional enquiries for the MOT and repair workshop.

Premises:

The premises are freehold and owned by the two owners of the business. The freehold site and two businesses have been independently valued by Pinders at £875,000 (valuation available on request)

Business rates are £5,197 per annum.

The petrol forecourt has 2xQuads (8 pumps) a small retail shop, mechanical repair workshop and MOT station with single Bay. A storage area is located on the first floor which is accessed from the workshop. The premises are secured with steel shutter doors.

On the first floor there is a self-contained 1 bed apartment being rented for £440 per calendar month.

Business Hours:

Monday – Friday: 06:30am – 06:00pm
Saturday:            08:00am – 02:00pm

Employees:

The two owners are responsible for the day-to-day running of the business supported by:

Mechanics -  3 Full time
Trainee - 1 Full time
Office administration - 2 Full time
Shop - 3 Part time

Support and Training:

Support and training will be provided for a period of time (if required) and will be negotiated at the time of sale to ensure a smooth transfer of ownership.

EPC: Energy Performance Rating E

Please contact us for a copy of the EPC if required

Reason for Sale:

The two owners are now looking forward to semi-retirement.

Looking for finance ?

If you are looking for finance to fund your business purchase then we recommend that you talk with our independent finance broker. Because of his many years working at a senior level for a major high street bank he has had more success with finance applications than anyone else we know. He has helped numerous purchasers of businesses that we are selling, including buyers who have been turned down by their own bank! Call us today on 0800 046 1652 or email us at [email protected]

Key Features
  • Company for Sale
  • Unique Business
  • High Turnover
  • Prime Location
  • Established Business
  • Attractive Business
Contact Agent
Advert Reference:
AL241 / Rightbiz
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