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Mechanical and Electrical Vehicle Repair Garage and MOT Service Centre

Ref. AL234

Location : Suffolk

Asking Price : £159,000

Turnover : £370,000

Net Profit : Undeclared

Gross Profit : £161,000

EBITDA : £82,000

Net Asset : £15,000

Premises : Leasehold

Confidentially offered for sale


  • Turner Butler

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Asking price includes:

Turnover circa £370,000 per annum
Gross profit circa £161,000
Adj. EBITDA £82,000
Net Assets £15,000
Private clients and lease company referrals
Member of the good garage scheme
Diagnostic equipment
Excellent reputation
Repeat client base

Business Profile

The vendor constructed this purpose built garage from scratch in 2008. The business is primarily a very high quality mechanical and engineering vehicle repair centre and MOT centre. The vendor also carries out work for 2 other local garages preparing cars for sale and warranty repair work. A large amount of work is taken on for leased vehicles using the One Link System.

Sage software is used for accounts and payroll.

Customer Service:

Over the years the business has built up an excellent reputation for customer care and this is emphasised by the strong existing customer base and the repeat trade this business enjoys.

Key Strengths:

The business is established and profitable with a loyal customer base and a professional approach. This excellent high end service reputation for speed of the work attracts many referrals.

Key Opportunities:

There are additional opportunities for investment in marketing to attract added interest. The business provides an excellent platform for future growth.

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 circa £370,000 per annum
Gross profit circa £161,000
EBITDA £82,000

Asking Price:

The Asking Price of £159,000 is for 100% of the issued capital of the company, assuming Net Assets of £15,000 on completion (calculated on a zero cash-zero debt basis).

Advertising and Marketing:

Very little advertising has been undertaken, as the business handles a lot of work from One Link System. There is a monthly direct mailing to the customer service and MOT database of circa 3,000 plus.

Premises:

The business is based in Suffolk . Premises comprise of a purpose built leasehold garage of circa 1,200 sq. ft. with a well-equipped workshop consisting of 4 x 2 poster hydraulic ramps and diagnostic equipment that is included in the sale.

The premises are on a rolling lease with annual rent of £10,367 Inc. rates.

Business Hours:

Monday – Friday: 8am – 5.30 pm

Saturday: 8am – 12.30pm

Employees:

The owner employs a full time service advisor, a full time vehicle technician and a part time cleaner/pickup/delivery driver. The owner also currently works in the workshop as a technician.

Support and Training:

Support and training will be provided to ensure a smooth transition of ownership, if required.

Reason for Sale:

The vendor is now looking for a change of lifestyle and buying up properties to rent.

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 25 7777
info@turnerbutler.co.uk
www.turnerbutler.co.uk