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Specialist Garage for Mechanical Car Repair & Servicing plus Class 4 MOT Station

Ref. AL239

Location : Ipswich

Asking Price : £260,000

Turnover : £223,791

Net Profit : £78,000

Gross Profit : £161,341

EBITDA : Undeclared

Net Asset : £89,000

Premises : Leasehold

Confidentially offered for sale


  • Turner Butler

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Leasehold

Asking price includes: 

Turnover circa £223,791 per annum
Gross Profit circa £161,341
Net profit circa £39,094
Net asset value £89,000
Good Location
Well-equipped workshop
Repeat client base
Referred business from main Dealers

Business Profile

Originally started in 1982, the vendor bought this well established garage in 2002.

The garage specialises in high quality mechanical car repair, servicing and is also a busy Class 4 MOT centre. The garage has established a fantastic reputation for high standards of service and value for money. This has generated a repeat private client base with some business referred from main dealers.

The well fitted and equipped high end workshop premises comprise of 2 x 2 post hydraulic ramps, 1 x 4 post ramp.

The garage also operates a professional breakdown and recovery service for many main dealers and body shop businesses.

Sage software is used for accounts, invoicing and payroll.

Plant & Machinery: 

3x Workshop lifts – 2x2 post & 1x4 post
1x M.O.T. test equipment – brake tester – emission tester etc.
1x Workshop compressor
2x Diagnostic machines
1x Air-con service machine
1x Oil drainer & tank
1x Mig welder
2x Gearbox lifts
1x Engine workshop crane
1x Tracking gauges
1x Tyre machine & wheel balancer
1x Parts washer tank
2x Battery charges
1x Bench drill & grinder
1x Iveco crew cab spec lift recovery vehicle (2006)
1x Iveco day cab slide bed recovery vehicle (2004)

Customer Service: 

The garage has developed an excellent reputation for high quality work and dealing with customers in a friendly and courteous manner. This reputation has led to plenty of repeat business and customer referrals. Customer service is a top priority with the level of service provided being second to none.

Key Strengths: 

The business has grown over the years and caters for all types of mechanical car repairs. The experience gained over the years provides the knowledge to carry out even the most difficult of tasks. A high level of workmanship and service is provided at competitive rates, whilst honesty and reliability are the watchwords of the company. They have extremely high levels of repeat business and generate new business from word of mouth recommendations. 

The garage has a complete customer satisfaction mentality that runs throughout the workforce. All staff are courteous and amenable to their customers, remembering at all times they are providing a valuable service. 

The business is well run with a professional approach, with skills and knowledge that is second to none in all forms of vehicle repair, servicing and MOT’s. There is excellent scope for growth within the company.

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 £223,791 per annum
Gross Profit c£161,341
Adjusted Net profit c£78,000
Net asset value c£89,000

Asking Price: 

The Asking Price of £260,000 is for 100% of the issued capital of the company, assuming Net Assets of £89,000 on completion (calculated on a zero cash-zero debt basis).

Advertising and Marketing: 

The business operates on recommendations by customer word of mouth and referrals. Advantages to improve profitability are being lost as there has been no investment in a company website to promote the services on offer. Undertaking a local marketing campaign could also bring in additional business.

Growth and Expansion: 

Trading in total for over thirty years the business reputation has been built upon this standing through word of mouth recommendations. The company has grown steadily and the owners believe that with a positive market outlook there is an excellent opportunity to take the business forward over the coming years. 

Building on the existing services and customer base of this business could be achieved by extending the premises and introducing a further MOT ramp to offer class 7 MOT’s as a way forward. Also committing to a small advertising budget, plus investment in a company website, could achieve additional enquiries and ultimately additional profits.

Premises: 

The premises are leasehold with 40 years remaining. Annual rent is £5,120 with rates of £10,500 (£3,781 payable). 

The property comprises of a building of approx. 203 sq. mo. including 2 x two post hydraulic ramps and 1 x four post MOT hydraulic ramp, an office plus an is well secured with monitored alarm, steel doors and security posts. 

Business Hours: 

Monday – Friday:       8.00am - 5.30pm

Employees: 

Full time staff include the two owners and a mechanic. There are also two part time administration staff.

Support and Training: 

The owner is happy to provide support and training for the new owners, if required, to ensure a smooth transition of ownership.

Reason for Sale: 

The vendor is planning to retire.

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.

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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