Profitable Freehold General Engineering Workshop In Dorset For Sale

Business description

The particular highlights of the business are:
- A well established business.
- Good loyal clientele.
- Fully equipped business with favourable lease terms (see below).
- Turnover in excess of £55,000 pa with a net profit of £28,820 (see financial summary below).
- A business of great potential with B1 permission currently being approved.
- An easily run operation.
- A good first time buyers business and ideal purchase for an existing service and repairs business looking for additional premises. A business that could be adapted for many automotive related businesses including: recovery services to restoration services of classic cars and branded servicing.
- Low rates.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation
- The concern provides automotive, agricultural and horticultural engineering repairs and servicing.

History
Phoenix Business Transfer Agents are delighted to place onto the market this Freehold General Engineering Services Workshop which has been established since 1982. The business has been in the hands of the current owner since 1982 and he now wishes to sell due to retirement.

Services
This very good business opportunity provides automotive, agricultural and horticultural engineering repairs and servicing.

Staffing
The concern employs no staff and is family run.

Owners Role
The owner is involved in the day to day running of the business.

Marketing
The owner markets the business in local parish magazines and doesn’t currently have a website.

Competition
There is no local competition.

Market
The client base consists of repeat and local customers from a wide radius.

Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings and local and internet advertising.
• Increasing the opening hours to include Saturday and Sunday trading.
• An ideal purchase for an existing service and repairs business looking for additional premises. A business that could be adapted for many automotive related businesses including: recovery services to restoration services of classic cars and branded servicing.
• Becoming more efficient with staffing levels.
• With the introduction of a website and e-commerce.

Training and Handover
The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The owner would also be happy for an on the job observation period to assess the business prior to offers being made.


The present annual turnover is £59,130 with a gross profit of £38,957 and a net profit of £28,820.
The potential turnover of the business within the next 2 years is forecast could reach up to reach £150,000 pa given the changes that are required to be made to the business. Full financial disclosure is available on request after viewings and the signing of a confidentiality agreement.
Please note Phoenix do not guarantee the accuracy of these figures which are in many cases estimated and are not verified. Please do not rely on the accuracy of these figures and seek professional help before making any offers. Phoenix will not be held liable for any inaccuracies in these figures or any other statements contained in relation to this business.


Disclaimer
These details do not constitute part of an offer or contract.
The statements and descriptions given are made without warranties by Phoenix Business Agents Limited who it should be noted have NOT verified the information provided.
Purchasers should in all cases undertake financial due diligence using their own professional advisors before committing themselves in contract rather than relying on illustrations ,figures and information given on behalf of the seller.

Property information

Property:

Freehold

Location:

- Situated in the Sherbourne area in Dorset.
- Close to main arterial roads.
- Excellent free parking facilities.
- Well linked with the A3030, A352, A30 and A37.
- Sherbourne, Yeovil, Blandford and Shaftesbury all lie close by.
- A lifestyle area.
- Excellent local demographics for this type of area.
- Affluent area.

Premises details:

The property is detached and is approximately 1,125 sq ft and is situated on a one third of an acre of land with plenty of room for further development. The main workshop and service area is sealed concrete. It is very well presented and is very conveniently laid out.

There is a toilet and staff facilities.

First Floor
On the first floor there is a store room that is approximately 400 sq ft.
External
Externally there a concreted area of parking for up to 8 vehicles and a large and secure shed currently used for additional storage space.

Size in square feet:

1125sq ft

Business Operation

Expansion potential:

The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings and local and internet advertising.
• Increasing the opening hours to include Saturday and Sunday trading.
• An ideal purchase for an existing service and repairs business looking for additional premises. A business that could be adapted for many automotive related businesses including: recovery services to restoration services of classic cars and branded servicing.
• Becoming more efficient with staffing levels.
• With the introduction of a website and e-commerce.

Competition / Market:

There is no local competition.

Reasons for selling:

he now wishes to sell due to retirement.

Trading hours:

Monday to Friday: 8.00am – 5.00pm
Saturday and Sunday: Closed

Employees:

The concern employs no staff and is family run.

Years established:

29 Years

Other information

Support & training:

The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The owner would also be happy for an on the job observation period to assess the business prior to offers being made.

Furniture / Fixtures value:

£25,000 (included in the asking price)