turner-butler

Businesses are featured on

Businesses for Sale

Freehold Sales, Service & MOT centre for Motor Scooters
Freehold premises and first floor apartment

Ref. AM174

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


  • Turner Butler

Next Step, Please submit Confidentiality Form/NDA Online 

Submit NDA Online
Submit NDA Offline
Print this page

Asking price includes:

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
Parking
Goodwill

Business Profile

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.

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.

Key Strengths:

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
• Location

Location

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.

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 of c. £267,000 per annum*
Gross profit c. £39,000*
Stock Assets c.£50,000*

*2017 accounts

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

Asking Price:

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.

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 products, services and facilities offered.

Premises:

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.

Business Hours:

Monday – Friday: 08:00-18:00
Saturday: 08:30-15:00

Employees:

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.

Support and Training:

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.

Reason for Sale:

Genuine retirement sale.

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