Freehold Sales, Service & MOT centre for Motor Scooters
Freehold premises and first floor apartment
Location : West London
Asking Price : £800,000
Turnover : £267,000
Net Profit : Undeclared
Gross Profit : £39,000
EBITDA : Undeclared
Net Asset : £50,000
Premises : Freehold
Confidentially offered for sale
Turnover of c. £267,000 per annum
Gross profit c. £39,000
Stock Assets c.£50,000
49 years historic trading
Fully equipped mtootorcycle service centre
Excellent repeat customer base
High profile high street location
Freehold premises and first floor apartment
Available for sale is this family business set up over 49 years ago, along with the freehold premises and first floor flat, situated above. The business provides a comprehensive workshop service for motor motor scooters and motorcycles within the busy WestLondon area that it is located within. The business has built up a sterling reputation in the area during this time and provides, full repair, servicing, maintenance, tyre-fitting and MOT testing services to the local community and beyond.
Some customers over theyears have moved tofar parts of the UK and will return for their servicing or to purchase a new scooter.
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, 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:
• Full diagnostic equipment
• Range of specialist tools
The vendor has an excellent team of mechanics 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 centre of London and also having ample parking so customers can leave their Scooters & Motorcycles and pick up at a conveneient time later in the day if need be.
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.
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.
The business has many strengths including
• Enviable reputation in the area it serves
• Huge customer base
• Exceptional levels of service
• Repeat business levels and referrals
• Significant investment in infrastructure
• Highly skilled workforce
• Freehold premises
The business is very well located and is on a main West London throughfare, providing easy access to Fulham, Chelsea, Central London, Thames bridges and South London areas of Putney, Barnes, Battersea etc.
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 of c. £267,000 per annum*
Gross profit c. £39,000*
Stock Assets c.£50,000*
Current stock levels are estimated to be circa £50,000, consisting of spare parts, tools and equipment.
The first floor flat is estimated to have a value of circa £600,000 - £650,000
The Asking Price of £800,000 is for 100% of the issued capital of the company, assuming Net Assets of £50,000 on completion (calculated on a zero cash-zero debt basis) and the Freehold premises and 1st floor flat. The final selling price will have a £1 for £1 adjustment for any rise or fall in this benchmark Net Asset figure of £50,000 at completion.
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 products, services and facilities offered.
Premises are a real strength of this business. Ideally located on a discrete and busy West London road and a busy thoroughfare in its own right, the business is very accessible. The workshop, retail, storage and office is circa 400 square feet with a parking & forecourt display area at the front of the shop.
Premises are Freehold.
Monday – Friday: 08:00-18:00
The vendor works within the business through choice and the business’ three mechanics take care of much of the day to day running of the centre. All staff are highly experienced and a real asset.
The current owners would be happy to provide full training and support at handover. This should be a relatively simple process as the vendors have put in place a General Manager who runs the business on a day to day basis.
Genuine retirement sale.
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