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Sale, Service, Valet, & Tyre Centre Cars Vans and 4X4’s

Ref. AM172

Location : Surrey

Asking Price : £125,000 plus SAV

Turnover : £805,000

Net Profit : Undeclared

Gross Profit : £164,000

EBITDA : Undeclared

Net Asset : Undeclared

Premises : Leasehold

Confidentially offered for sale


  • Turner Butler

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Asking price includes:

Turnover of c.£805,000 per annum
Gross Profit of c£164,000

3 years of successful trading
Fully equipped tyre bay
Excellent repeat customer base
Knowledgeable, experienced and motivated team
All tools of the trade included in the sale
Main Road forecourt
All assets including vehicle stock
Prominently situated site
Goodwill

Business Profile

This business set up over 5 years ago and purchased by the current owners 3 years ago; and provides a comprehensive workshop service for motor vehicles/cars and light commerical vehicles within the busy Surrey region it is located within. The business has built up a sterling reputation in the area during this time and provides, used c ar sales, full repair, servicing, maintenance and, tyre-fitting to the local community and beyond.

This profitable business has established itself as a market leader in the region with an enviable reputation for quality and service. Because of 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 some 5,000 regulars, many of whom span generations of the same family. The majority of clients are domestic customers but the business does have a few business clients also.

The garage is fully equipped for purpose and plant includes:

• Fully equipped tyre fitting bay
• Full diagnostic equipment
• Range of specialist tools

The vendors have an excellent team of staff including three Directors who run the business on a day to day basis. 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 close to the town centre and also having ample parking so customers can leave their cars and pick up at a conveneient time later in the day if need be.

Equipment:

The garage has a comprehensive range of plant and equipment as you would expect from a very well established workshop. All plant and equipment is included within the sales price.

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 the garage enjoys and the fact it does not need to advertise.

This business is a member of the Motor Industry Code of Practice and AA Warranty programme; which is a self-regulatory body for the motor industry, with a voluntary membership of thousands of garages all committed to maintain a customer’s car without affecting its warranty.

Key Strengths:

The business has many strengths including

• Enviable reputation in the region it serves
• Large customer base
• Exceptional levels of service
• Repeat business levels and referrals
• Significant investment in infrastructure.
• Highly skilled workforce
• Profitability
• Location
• Renowned for its personalised service
• Renowned for its low mileage, clean quality cars

Assets and Equipment:

Assets and Equipment:

1 x Solus Diagnostic System
1 x Hunter Wheel Alignment System
3 x Tyre Fitting Machines
1 x Wheel Balancer
All Tools of the Trade
Ford transit LWB high top
Mezzanine Tyre Storage
Team Systems & Software Package
Stock of new tyres
Stock of used cars

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 growing year on year. 2018 turnover is projected to be c£805,000 p.a. Gross profits circa £164,000 p.a.

The vendors are invested in the infrastructure of the business over the years and it has a comprehensive level of plant and equipment that is included within the sales price.

Asking Price:

The Asking Price of  £125,000 plus SAV is for all the assets and goodwill of the business. 

Advertising and Marketing:

The business has never felt the need to advertise bearing testimony to the fact that it enjoys exceptionally high levels of repeat business from a large and loyal customer base.

There is however a comprehensive and attractive website detailing the services and facilities offered.

Growth and Expansion:

The business has enjoyed steady growth over its trading period and this is expected to continue in light of its growing and loyal customer base. The business is currentlymoving to new premises, very close by which will double the available and operational area of the company and the vendors believe that this will lead to a doubling of turnover and net profitability.

The tyre sales/fitting operation could easily be grown as this currently accounts for just 0.01% of overall sales.

The business does very little 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 in place.

The business also has the opportunity to secure a contract from AA Warranty to carry out 3rd party warranty work in the new premises.

Premises:

The new premises will be a real strength of this business. Ideally located on a busy thoroughfare in its own right the business is very well known and accessible. The site is circa 1.5 acres and comprises a large single storey workshop (circa 1500 square feet) with offices, reception, waiting rooms, toilets, kitchen and warehousing/storage. There is a large forecourt area and parking for some 30 plus vehicles.

Premises are leasehold with an option for purchase. Current rent is circa £30,000 p.a. Rates are circa £9961 p.a.

Business Hours:

Monday – Friday: 10:00-18:00
Saturday: 10:00-16:30

Employees:

The vendors both work within the business through choice on a 4 day week.  The business will also employ 2 full time mechanics. The business employs a part time cleaner. All staff are highly experienced and a real asset of the business

Support and Training:

The current owners would be happy to provide full training and support at handover.

Reason for Sale:

The vendors are launching a blockchain based FINTECH platform and they want to focus their time on this venture.

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