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Freehold Approved MOT and Mechanical Repair Garage -Rolling ramp for MOT, 2 hydraulic post lifts
Freehold premises value £220,000

Ref. AL224

Location : Isle of Sheppey

Asking Price : £465,000 inc. Freehold

Turnover : £120,852

Net Profit : Undeclared

Gross Profit : £74,141

EBITDA : £9,100

Net Asset : £10,000

Premises : Freehold

Confidentially offered for sale


  • Turner Butler

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Asking Price: £465,000 inc. Freehold value £220,000

Asking price includes:

Turnover c£120,852 per annum
Gross Profit c£74,141
EBITDA £9,100
Class 1, 2 4 & 7 for MOT
Appointed Vehicle Operator Services Agency (VOSA)
Vehicle diagnostic equipment

Business Profile

Established for 17 years, the vehicle centre provides high quality MoT testing within a professional environment. This is a profitable business which has performed consistently well throughout its years of operation due to the quality of workmanship.

The team provides high quality MoT testing, diagnostic services and repairs and has a professional approach to repairing customer vehicles to MoT standard.

The future outlook for this sector is ongoing with Mot’s and maintenance repairs in constant demand. The centre has an excellent reputation and receives many referrals due to the quality of service with all tests completed by MoT testers nominated by VOSA.

Customer Service:

The vendor has been in the motor trade for many years and fully understands the importance of complete customer satisfaction. This business is an Appointed Vehicle Operator Services Agency (VOSA) and uses top quality replacement parts and provides a 100% comprehensive service. This is illustrated by the fact it enjoys very high levels of repeat business.

Key Strengths:

The Company has the following key attributes:

• Full garage services business
• Class 1,2,4,& 7 MOT station.
• Very well established business – over 12 years of successful trading.
• Loyal customer base.
• Highly skilled, loyal, trained and experienced staff.
• Well equipped workshop.
• Freehold premises.

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.

Turnover c£120,852 per annum
Gross Profit c£74,141
EBITDA £9,100

The Asking Price of £245,000 is for 100% of the issued capital of the company, assuming Net Assets of £10,000 on completion (calculated on a zero cash-zero debt basis) PLUS the freehold property with the value stated as £220,000.

Advertising:

The business has its own website for promoting its services, but undertakes very little marketing. Most business is gained through word of mouth reputation.

Growth and Expansion:

The business provides an excellent platform for future growth, possibly through additional marketing.

Premises:

The premises are freehold are included in the asking price and we are advised that the market value is circa £220,000.

Based in the Isle of Sheppey, the premises are circa 2,900 sq. ft. with offices. The workshop comprises 2 hydraulic post lifts and a rolling ramp for Mot’s which are offer for class 1, 2, 4 and 7.

Rates. No rates currently payable under Small Business Exemption.

Business Hours:

Monday – Friday: 8am – 6pm

Employees:

Owners assisted by 1 Full Time employed mechanic.

Reason for Sale:

The vendor now wishes to emigrate.

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 finance@turnerbutler.co.uk

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