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Commercial Vehicle Repairers Handling trucks up and including 42 tonnes

Ref. AL106

Location : London/Essex

Asking Price : £695,000

Turnover : £1,280,000

Net Profit : £148,000

Gross Profit : £503,000

EBITDA : Undeclared

Net Asset : £112,000

Premises : Leasehold

Confidentially offered for sale


  • Turner Butler

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Annual turnover is circa £1.28m generating a gross profit of c£503,000 and a net profit of £148,000
NAV of £112,000

Asking price includes:

Circa 8,000 square feet of leasehold workshop
Comprehensive range of tools and equipment
Solid, diverse established customer base
Computer administration system
Excellent supplier relationship
Complete turnkey operation
Excellent profit margins
Training and handover
Sterling reputation
Excellent premises
Computers system
Superb location
Goodwill

Business Profile

This garage is a long established and reputable garage based in Essex, offering all types of mechanical repairs and servicing to large commercial vehicles.

Quality workmanship is carried out each and every time, with all repair and maintenance work undertaken under strict quality guidelines, and rigorous quality inspections are completed before final delivery to the client. The business also offers a full range of products and services.

The business delivers a professional, cost effective and friendly service and has an excellent reputation for fulfilling all servicing and repair requirements, with qualified mechanics who will attend to the client`s individual needs Client`s queries are seen to immediately and all work is done as efficiently and to the highest quality possible.

This business has built up an excellent reputation for integrity and good service due to their continued commitment to a fast and efficient service at competitive rates and customer satisfaction.

The business`s staff are highly experienced professionals who ensure the smooth running of all jobs performed on the vehicles. They are well established and have developed a strong base of technical expertise and maintain a process of continuing quality improvement so as to achieve total customer satisfaction.

The business has invested in technology, using a complete garage computer administration system that enables the garage to maximize revenue earning potential whilst providing additional valued services to the customers, increasing the efficiency of the business.

The business provides an excellent opportunity for any purchaser seeking a well-established business who has total commitment to quality service.

Equipment:

The fully fitted workshops including Hydraulic ramps and an incredible extensive stock of electrical and mechanical tools valued in total in excess of £48,000.

Customer Service:

This business maintains a large base of many satisfied repeat clientele and referrals that appreciate superior service, a timely job completion and quality work.

Key Strengths:

Having been operating for over twenty-five years this business is very well established and has developed an excellent reputation for high quality products and high levels of workmanship at very competitive rates. This business is small enough to treasure each and every customer relationship whilst still being big enough to cope. Staff are excellent with good technical knowhow. Despite offering the highest levels of service – in installation, service or repair, the cornerstone to the success of this business is its fast turnaround – often having installed a door when competitors are still at the drawing board stage. Not surprisingly this business has an extensive, loyal and regular Client base generating a regular flow of work for service, repair and installations.

Growth and Expansion:

The current market for this business is growing and is forecast in the near and longer term for significant growth. The business is well positioned to take maximum advantage of this growth as it occurs.

Key Opportunities:

With a strong demand for its products and services and the capacity to significantly increase turnover, a new owner would contribute fresh ideas, enthusiasm, investment - particularly in the areas of sales and marketing and outside influence to build on an excellent base.

This is a very traditionally run business. Although computerised, there can be no doubt that the introduction of systems and the production of detailed management information would significantly improve the effective operation of the business.

Financial profile:

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.

Annual turnover in 2018 was circa £1.3m generating a gross profit of c£500,000 and a net profit of £148,000. The net asset value of the business is estimated at £112,000.

There will be a £ for £ adjustment to the final sale price to reflect any movement away from the £112,000 NAV figure.

Advertising and Marketing:

A large percentage of new clients derive from 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 leasehold premises with ample parking. 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 a well-equipped workshop measuring circa 8,000 square foot, with state of the art diagnostic equipment, five bays , 2 with inspection pits to handle the high volume of work and is completely equipped to handle all phases of repairs. An office is on site for staff to handle the administration side of the business. 

The lease on the premises is renewed month by month.

Business Hours:

Monday – Friday 7.00 am – 10.00 pm (Shifts) Half day on Saturday

Security:

The premises are fully alarmed.

Employees:

The business employs a total of six full time Mechanics.

Support and Training:

Full support and training will be provided to the successful purchaser if required.

Reason for Sale:

This is a genuine retirement sale.

Turner Butler Disclosure Statement

This statement applies to information relating to any company or other undertaking or business advertised for sale by Turner Butler (a 'Business')

The information supplied by Turner Butler on its website or in any other promotional material ('the Information') is not and is not intended to constitute an offer for sale of the Business or any assets of the Business or of the shares of any company which owns the Business.

For the avoidance of doubt there is no intention to create a legal relationship which will only come into existence when a written contract for sale and purchase of the shares in or the Business has been entered into

The Information provided is not intended to address your particular requirements. Further the Information does not constitute any form of advice recommendation representation endorsement or arrangement by Turner Butler and is not intended to be relied upon in making (or refraining from making) any specific decisions.

Any agreements transactions or other arrangements made between you and any client of Turner Butler are at your sole risk and responsibility. The prospective sellers of the Business have provided the Information to Turner Butler. The Information has not been verified by Turner Butler.

You must carry out your own due diligence and satisfy yourself as to the accuracy of all matters. In the case of the sale of shares in a Business the Information has been prepared on the basis that the shares will consist of or include more than 50% of the voting shares and that both the seller and the buyer is either a body corporate, a partnership, a single individual or a group of connected individuals so as to fall outside the scope of regulated activities as defined by the Financial Services and Markets Act 2000. If you are considering a transaction which falls within the scope of such regulated activities you cannot do so through Turner Butler.

Appropriate professional, legal and accountancy advice should be obtained before making or refraining to make any decision.

Turner Butler does not accept any responsibility or liability for loss or damage of any nature that may occur by reliance on the Information. Neither Turner Butler nor any of our employees or agents makes any representation as to the completeness or accuracy of the Information nor do we accept any liability for any losses, costs, liabilities or expenses which may arise directly or indirectly from your use of, or reliance on the Information.

This document is governed by and shall be construed in accordance with English Law and any dispute arising in connection with it shall be subject to the non-exclusive jurisdiction of the English courts

Turner Butler
Ickenham House, 2-4 High Road, Ickenham, Middlesex, UB10 8LJ
Telephone 01895 25 6000 Facsimile 01895 678532
info@turnerbutler.co.uk
www.turnerbutler.co.uk