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Superbly Appointed Motor Vehicle Workshop with ATL MOT Test Lane, 3D Alignment Lane & Tyre Bay

Ref. AL243

Location : Wirral, Merseyside

Asking Price : £199,000

Turnover : £236,000

Net Profit : £69,000

Gross Profit : £164,000

EBITDA : £92,000

Net Asset : £51,000

Premises : Leasehold

Confidentially offered for sale


  • Turner Butler

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Leasehold

Asking price includes:

DVSA Green Light Station
Modern Workshops with significant car park/forecourt
Turnover for last financial year circa £236,000 p.a.
Gross Profits circa £164,000 p.a.
EBITDA circa £92,000 p.a. (pre-sole director drawings)
Net Tangible Assets circa £51,000 inc.
Extensive Inventory of plant and equipment (Inc. 3 ramps)
ATL MOT Test Lane
3D Alignment Lane with lift
Fully equipped tyre bay
25 years successful trading
Circa 2,000+ Customers per annum
Training and handover
Goodwill

Business Profile

This very well established business provides a comprehensive workshop and tyre fitting service for motor vehicles/cars and light commercial vehicles within a 15 mile radius of the town location it resides in.

Established over 25 years, the business has built up a sterling reputation in the area over this time for providing full repair, servicing, maintenance, tyre-fitting, alignment and MOT testing services to both business and domestic customers within the local community and beyond.

This profitable business has established itself as a market leader in the area with an enviable reputation for quality and service. Due to this the business enjoys very high levels of referrals and repeat business from a loyal following of customers, so much so that the business can boast an active client base of in excess of 2000 regular customer visits p.a., many of whom span generations of the same family. The business has an excellent split of clients and has regular business customers that ideally compliment its private customer based .Approximately 70% of current revenues are generated via private customers.

The garage is fully equipped for purpose and plant includes:

• Dedicated Class 4 leading ATL MOT bay
• New 3D Alignment Lane with wheel free lift
• Fully equipped tyre fitting bay
• 2 off 4-Tonne Gantry Lifts
• Full diagnostic equipment
• Range of specialist tools, air conditioning equipment, compressors etc
• Fully equipped ofices with PC equipment

The workshop is fully equipped with the latest diagnostic equipment for all makes and models including performance and prestige. It currently undertakes circa 7 MOTS a day.

The vendors have an excellent team of staff. Staff are fully conversant with the latest workshop techniques and engine management systems and the business is compliant with all necessary health and safety regulations and codes of practice.

Location is ideal being very close to the major routes in the area with direct links to Wirral, Chester and Liverpool. The buisness is also close to some of the major business parks and key employers in the area, as well as being in an area undergoing siginficant regeneration which bodes well for the future. This location enables the business to collect and deliver vehicles quickly and efficiently.There is ample parking so customers can leave their cars and pick up at a convenient time later in the day if need be.

Equipment:

The garage has a comprehensive range of modern plant and equipment as you would expect from a very well established workshop. All plant and equipment is included within the sales price. The Equipment is modern and in excellent condition. The offices are suitably equipped with PC and IT equipment. We are advised workshop equipment has a value in excess of circa £50,000.

Customer Service:

The business offers an excellent standard of service and is proud of their attention to customer care offering professional advice and high quality workmanship. This is evident in the very high levels of repeat business it enjoys and the impressive customer base it has including public sector organisations. This commitment is backed up with the warranties it offers, not to mention the garage’s highly valued Green Light Station status it holds with the DVSA (Driver and Vehicle Standards Agency-previously known as VOSA)

Key Strengths:

The business has many strengths including

• Enviable reputation in the region it serves (Green Light Station)
• Huge customer base - both business account customers and private
• Exceptional levels of service
• Repeat business levels and referrals
• Significant investment in modern infrastructure.
• Highly skilled workforce
• Profitability
• Location

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.

The business is very well established and posts impressive figures year on year. It has recently invested in additional equipment and this has already started to increase revenues further as the business can offer further services that not many other garages can provide in the area.

Turnover for last financial year circa £236,000 p.a.
Gross Profits circa £164,000 p.a.
Operating Profits circa £69,000 p.a.
EBITDA (pre sole director drawings) circa £92,000 p.a.

The business generates impressive profits. The vendor has invested in the infrastructure of the business over the years, particularly over the last 2 years and it has a highly impressive level of plant and equipment that is included within the sales price (circa £51,000).

The Asking price is for the sale of 100% of the Issued Share Capital in the Limited company. The asking price is based on a debt free cash free scenario and also excludes current car stock.

Advertising and Marketing:

The business has never really felt the need to advertise historically and as such does not have a website. It does have a presence on social media but prefers to rely on recommendations and referrals to generate work.

The company’s VOSA memberships also give the business added exposure as does its location.

Growth and Expansion:

The business has enjoyed steady growth over the years and produces impressive profitability. This is expected to continue in light of its growing and loyal customer base as well as with the recent introduction of further equipment including the new 3D Alignment Lane and the tyre fitting bay that provides the business with further revenues streams which are already evident. The workshop has the capacity for increased revenues and this could easily be achieved if a new owner wished to employ further personnel as the foundation is already there.

The business does no advertising and could certainly expand this activity with a more proactive approach. The business is well positioned to take maximum advantage of this growth as it occurs as it has the necessary infrastructure already in place.

Premises:

In its own right the business is very well known and accessible being ideally located on busy industrial estate site that is close to the town centre and local businesses. The site comprises a large modern high bay workshop (circa 3100 square feet) with 3 ramps, MOT Lane, tyre fitting bay, offices, reception, toilets, kitchen and secure storage. There is a large parking area and forecourt to the front.

Premises are leasehold. Rent circa £16,000 p.a. Rates circa £5,500 p.a. Site is alarmed and has CCTV.

Business Hours:

Monday – Friday: 08:00-17:00
Saturday: 09:00-13:00

Employees:

The vendor works full time within the business. The business employs a full time Mechanic/MOT tester, a part time Receptionist and a part time office administrator who looks after finance. All staff are experienced and real assets of the business.

Support and Training:

The vendor would be happy to provide a comprehensive handover as required.

Reason for Sale:

Having spent many many years within the motor trade the vendor now wishes to take early retirement.

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.

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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