Freehold Vehicle Service Station Petrol Forecourt & Garage For Sale

Business description

Freehold Vehicle Service Station Incorporating Petrol Forecourt, Garage Workshop, Small Bodyshop, MOT Test Station (Car & Commercial), Car Sales, and Vehicle Hire

This highly respected and professional business was set up initially to provide customers, both retail and business to business, with a complete one stop solution for all their motor vehicle running and maintenance needs. The business offers a comprehensive range of services to clients that includes:

• Full petrol/diesel forecourt services to commercial vehicles and cars including convenience store serving hot and cold drinks, foods, sweets, magazines etc.
• Large mechanical workshop(5 ramps) for servicing, testing and repairs of cars and commercial vehicles
• Fully equipped MOT Test Station
• Bodyshop offering smart repairs
• Retail car sales (planning for some 40 vehicles on site)
• Car and Van Hire(a very recent addition to the business )

Originally set up back in 1898 the site has historical market presence. Today the two main sales generators are the workshop and the fuel forecourt. However the other facilities this business provides represent significant revenues generators ripe for future development.

The business is ideally located on a major route close to some of thre area’s largest business organisations as well as close to major retail and residential areas. Because of its high profile location and comprehensive range of services the business has built up an impressive blue chip customer base and enjoys contracts with many blue chip companies
who have significant fleets of vehicles that require maintaining. It is also close to well populated areas and enjoys good levels of passingb retail trade. It is a large facility with superb infrastructure that has plenty of scope for future expansion.

The site itself is freehold and there is room to expand the operation within it current boundaries.

Equipment:

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

• 5 X Ramps
• 1 x Pit
• 1 X Full MOT Bay
• Specialist diagnostic test equipment
• Bodyshop area with spray equipment, smart repair equipment etc.
• Various hoists, compressors, tools etc
• Full range of office equipment and specialist software packages to run the various parts of the business.

All the plant and equipment is include within the sale price.

Customer Service:

The vendor, having spent many years in the motor trade, fully understands the importance of complete customer satisfaction. This business is a member of RMIF (Retail Motor Industry Federation) as well as BVRLA (British Vehicle Rental & Leasing Association )not to mention The Federation of Small Businesses. It 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, impressive blue chip contracts and an impressive health and safety record.

Key Strengths:

• Location- Excellent large high profile premises with future development possibilities
• Freehold site
• Very large private and commercial B2B customer base with contracts in place
• Facilities with lots of spare capacity
• Densely populated area-large target market
• Multiple revenues streams
• Market presence and longevity
• Infrastructure

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 £1,750,000 per annum with gross profits for last financial year circa £237,000 p.a. The freehold site is circa £600,000 and represents a sound investment opportunity on its own! Typical fuel stocks are circa £90,000 and this is included in the asking price. 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 blue chip customer base, many of whom have contracts in place. It has recently opened up new revenues streams in the form of car and van hire and car sales which will certainly increase future revenues, as will further development of the MOT and Bodyshop facility.

Property information

Property:

Freehold

Location:

The premises are freehold. Freehold valuation of the site is circa £600,000. Rates are circa £7000 p.a. The site is large (circa 1 acre) and comprises a fully equipped workshop (5 ramps and one pit), Separate MOT Bay ,Bodyshop, reception/car hire and waiting area, retail counter for fuel sales, upstairs offices and toilets. Outside there is a very large forecourt with car sales area. There is also a secure rear yard ripe for expansion. The site has good access, visibility and good signage.

Business Operation

Expansion potential:

The business enjoys very good levels of business year on year such is the reputation it has developed in the area. The business has contracts with major companies in the area which ensures consistent levels of business. The garage does very little in the ways of advertising and could easily increase business levels within the workshop and bodyshop with a more proactive sales approach.

The car and van hire service is a very new addition to the business and this is already showing good growth. This trend is expected to continue as the demand is already there. Car sales could also be pushed more as the site is so high profile and has planning that allows up to 40 cars on the forecourt at any one time(this facility is currently under-utilised by vendor).

The vendor is currently looking to increase MOT activity still further by upgrading the facility to cater for Class VII Vehicles.

Further opportunities exist due to the size of the site. It has a yard which could be put to better use.

Competition / Market:

The business does no traditional forms of advertising. It does have an informative website, however the majority of work comes via word of mouth recommendations, repeat business and referrals. The business also enjoys a very high profile location. The business would certainly benefit from a strategic sales and marketing campaign as well as the development of a customer database to increase overall customer spend.

Reasons for selling:

Personal reasons.

Trading hours:

Workshop Monday – Friday: 0800-1730
Saturday: 0830-1600
Forecourt 05:30-21:00

Employees:

The vendor works full time in the business on a strategic/administrative level. The business employs the following personnel. •1 Full Time Workshop Manager •6 Full Time Mechanics(2 of which are Apprentices) • 4 Part Time Forecourt Attendant •1 Part Time Mechanic

Years established:

1898

Other information

Support & training:

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