Featured Brokers
CONFIDENTIAL SALE
FOR SALE
25/03/24
608777
AL257 / Rightbiz
Location: Kent
Asking Price: £350,000 including Net Assets
Business highlights include:
Turnover 2021/22 over £600,000 p.a.
Gross profit circa £234,000 p.a.
Net profit circa £88,000 p.a.
Net assets circa £150,000
Excellent client base with repeat business
Loyal experienced and trained staff
Full range of commercial vehicle services
State of the art facilities and equipment including diagnostics
Freehold Property and Land Available separately
Business Profile:
This independently owned and operated company has been running successfully for over 40 years. It was formed to offer repairs and servicing for commercial vehicles. It has developed an enviable reputation for providing an outstanding quality of service and a wide range of services and solutions for a range of customers including fleet managers.
The current services provided are:
1. Servicing & Repairs
Servicing and Repairs for trucks & trailers, vans and bus fleets, coaches, tractors and cars. Eberspacher and Webasto cab heater service and repairs.
2. Air Conditioning
The company services, re-charges / gas all makes of air conditioning units for coaches, buses, minibuses, farm tractors, trucks and cars.
3. Tachographs
The company is approved by DVSA for the installation and calibration of both Digital & Analogue tachographs and speed limiters. In addition to tachographs, they are able to repair, supply and fit many types of speed limiter.
4. MOT Testing
MOT testing for Class 4 car and motorhome, Class 5 minibus and Class 7 commercial van up to 3,500Kg. MOT preparation work for heavy truck and bus.
5. Auto-Electrics
Electrical fault finding, rewiring, ABS repairs and full electrical services for cars, trucks, coaches and buses.
Technology:
All necessary equipment is in place required to run the business. A full inventory of equipment is available to all interested parties.
Growth and Expansion:
The business would benefit from a more interactive website and greater online digital presence and there is also the ability to gain larger commercial contracts by targeting procurement transport servicing contracts.
With the current team, facilities and equipment there is significant room for expansion.
There are multiple opportunities to upsell and cross sell to existing clients with such a broad range of services.
Advertising:
The business has profited mainly from strong word of mouth referrals, recommendations and the long-standing reputation in the area.
The business has a website with contact details, services and a location map.
Further business could be generated by a clear social media campaign with a range of SEO and PPC advertising.
Employees:
The business is supported by 6 staff including:
2 Directors
4 Technicians (3 full time and 1 part time)
Business Hours:
Monday to Friday: 8:00am - 5:00pm
Saturday: 8.00am - 1.00pm
Sunday: Closed
Premises:
The business operates from secure premises with ample parking. The premises are substantial and comprise two well-equipped workshops totaling circa 5,286 square feet, with state-of-the-art diagnostic equipment, multiple bays and large inspection pits to handle the high volume of work and is completely equipped to handle all phases of repairs. A relatively newly built office complex adjoins the workshops for administration.
The freehold of the property is owned personally by the current directors and is available for purchase separately at £550,000.
If potential purchasers would prefer to lease the premises this can be agreed with the current directors at an annual rent of £55,000 per annum on a full insuring and repairing lease with duration to be agreed.
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 a consistent financial history over 40 years.
Turnover to 31st March 2023 £613,760
Gross profit circa £233,915
Net profit circa £87,902
The Asking Price of £350,000 is for 100% of the issued capital of the company. The Net Asset Value is included in the current asking price and is estimated at £150,000.
A complete asset list is available.
Reason for Sale:
This is a retirement sale.
Support and Training:
The existing directors and shareholders will provide full support and handover to the new owners.
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Get Solicitor
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