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Petrol Forecourt Station 2xQuads (8 pumps) Shop and Workshop, MOT, Mechanical Repairs & Tyres plus Recovery

1 bed apartment

Ref. AL241

Location : Kent

Asking Price : £1,050,000 Inc. Freehold

Turnover : £882,448

Net Profit : £107,082

Gross Profit : £342,482

EBITDA : Undeclared

Net Asset : £379,688

Premises : Freehold

Confidentially offered for sale


  • Turner Butler

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Freehold

Asking price includes:

Turnover circa £882,448 per annum
Gross profit c.£342,482
Net Profit c. £107,082
Net Assets c.£379,688

Freehold premises circa £600,000
Self contained 1 bed Flat with rental of £440k per calendar month
Member of Motor Industry Code of Practice
Wellbranded and trusted operation
Excellent long standing client base
Huge growth potential and profitability

Business Profile

This petrol forecourt and garage services related business has been established for over 16 years and is widely recognised as a local brand amongst its predominantly local clientele.

It is a very well established, independent garage - a ‘one stop shop’ for all motoring needs including a petrol forecourt with shop, a workshop mechanical repairs and tyres, MOT station and recovery service.

The petrol forecourt comprises 2xQuads (8 pumps) Shop and Workshop.

With a team of fully trained staff, this business is capable of working on all makes and models in its workshop. The petrol forecourt at the front of the premises is served via a small retail shop, an MOT station and workshop.

The garage on-site facilities ensure that a quality job is completed each and every time with all repair work undertaken with the greatest care and attention. All staff understand the importance of customer satisfaction and the impact it can have on referrals and repeat business. Customer expectations are managed effectively, enquiries are dealt with efficiently and work on vehicles is completed on time. As an independent garage, it offers a highly personal service.

The company provides an acquirer with an ideal additional outlet for a business already operating in the garage services sector or alternatively an excellent platform with future growth.

Customer Service:

This company has an extensive local client base with the vast majority of customers being private motorists attracted by the excellent service, high quality workmanship and reliability.

Key Strengths:

• Excellent Reputation for Quality of Work
• Efficient and Established Service
• Reliability
• Little local competition.
• Solid, longstanding petrol forecourt, shop, workshop MOT customer base
• Loyal, highly skilled and experienced workforce.
• Significant growth and expansion opportunities.

Key Opportunities:

The Owner believes that the business has significant potential for growth:

• Motivation that would inevitably occur from new ownership.
• Extending the workshop and investment to bring it up-to-date
• Installation of another MOT bay for additional work
• An increase in the hourly rates charged in the workshop

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 £882,448 per annum
Gross profit c.£342,482
Net Profit c. £107,082
Net Assets c.£379,688

Asking Price:

The Asking Price of £1,050,000 is for 100% of the issued capital of the company, assuming Net Assets of £779,000 on completion (calculated on a zero cash-zero debt basis). This includes the Freehold Premises valued at circa £600,000.

Advertising and Marketing:

Investment in a business website and advertising could certainly attract additional enquiries for the MOT and repair workshop.

Premises:

The premises are freehold and owned by the two owners of the business. The freehold site is valued at circa £600,000 and is included in the asking price of the business which is £1,050,000.

Business rates are £5,197 per annum.

The petrol forecourt has 2xQuads (8 pumps) a small retail shop, mechanical repair workshop and MOT station with single Bay. A storage area is located on the first floor which is accessed from the workshop. The premises are secured with steel shutter doors.

On the first floor there is a self-contained 1 bed apartment being rented for £440 per calendar month.

Business Hours:

Monday – Friday: 6.30am – 6pm
Saturday: 8am – 2pm

Employees:

The two owners are responsible for the day-to-day running of the business supported by:

Mechanics 3 Full time
Trainee 1 Full time
Office administration 2 Full time
Shop 3 Part time

Support and Training:

Support and training will be provided for a period of time (if required) and will be negotiated at the time of sale to ensure a smooth transfer of ownership.

Reason for Sale:

The two owners are now looking forward to semi-retirement.

EPC:

Energy Performance Rating E

Please contact us for a copy of the EPC if required

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