Freehold Professional Car & Light Commercial Garage For Sale

Business description

Freehold Professional Car & Light Commercial Garage
Repairs, Service, Van Sales & MOTs

This highly respected and professional business was set up by the vendor over 40 years ago to provide customers with consistent high quality workshop services at truly independent prices. In this time the business has built up a sterling reputation for providing unrivelled service to customers as well as developing a specialist engine and gearbox repair and rebuild service such is the depth of knowledge within the business. This specialist service is only a small part of the current operation but could certainly be developed should a new owner so require.

The business provides a comprehensive range of services including MOT, repair, servicing, diagnostics and air conditioning services for both cars and vans (90% of workshop work is cars). In addition to this the business utilises its large forecourt facility, as well as a website, to sell good quality used vans such as the Mercedes brand . Approximately 70% of current revenues come from the servicing, MOTs and repairs with the remaining 30% coming from van sales.

The business is ideally located within a densely populated area and is a large facility with superb infrastructure that has plenty of scope for future expansion.

The business has enjoyed very consistent business levels to date and has built a loyal customer base.

Equipment:

Superbly fitted and presented throughout this business has an excellent level of equipment. Major plant includes:

• 3 X Ramps
• 1 x Pit
• 1 X Full MOT Bay with rolling road and viewing area (Class IV)
• Specialist diagnostic test equipment
• Various hoists, compressors, tools etc
• Office equipment including own unique spreadsheet package

All the plant and equipment is wholly owned by the business. To replace the equipment new would cost circa £50,000.

Customer Service:

The vendor, having spent many years in the motor trade fully understands the importance of complete customer satisfaction. This business, a member of The Federation of Small Businesses, only uses top quality replacement parts and provides a 100% comprehensive service. This is illustrated by the fact it enjoys very high levels of repeat business and an impeccable health and safety record.

Key Strengths:

• Excellent large high profile premises with future development possibilities
• Freehold site
• Very large private customer base
• Facilities with lots of spare capacity
• Densely populated area-large target market
• Brand
• Market presence and longevity

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 consistently achieves turnover in excess of £450,000 per annum with adjusted net profits circa £74,000 p.a. The freehold site is a sound investment opportunity on its own! This business has all the infrastructure in place to enjoy continued success over the coming years and represents an ideal investment opportunity. It has already established itself as a superior workshop offering very high levels of service and satisfaction with a large attentive customer base.

Property information

Property:

Freehold

Location:

The premises are freehold. Freehold valuation of the site is circa £375,000. Rates are circa £4425 p.a. The site is large and comprises a fully equipped workshop (2 ramps and one pit), Separate MOT Bay , reception and waiting area, two further offices and customer toilets. Buildings circa 3500 square feet. Outside there is a very large floodlit forecourt with perimeter fencing and gated access. The site has good access, visibility and good signage.

Other information

Expansion potential:

The business enjoys consistent turnover year on year such is the reputation it has developed in the area. The vendor could easily have expanded the operation during this time but has decided to keep the business at it current level through choice. The garage currently undertakes only 2 MOTs a day and does not advertise this facility. This could easily be developed to provide considerably more MOTs to private customer as well as the trade. In addition to this the garage could expand its services to include tyres and exhaust pipe services as it regularly gets these requests from clients. Further opportunities exist due to the size of the site. It could move into car sales and develop a retail side for accessories such is the sites layout and size of the forecourt. Only a proportion of it is currently used for van sales.

Competition / Market:

The business has used the Yellow Pages for many years to promote the business and also utilises several motor journal/ guides (online) to advertise its services. In saying that the majority of work comes via word of mouth recommendations, repeat business and referrals. The business would certainly benefit from a strategic sales and marketing campaign as well as the development of a customer database, such are the large number of customers it enjoys.

Support & training:

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

Reasons for selling:

The vendor is looking to retire

Trading hours:

Monday – Friday: 0800-1730
Saturday: 0900-1230