| | Vehicle Recovery Company For Sale | | Seller ref: AL117
Advert ID: 683307 | | | West Cumbria, Cumbria, United Kingdom | |  |  | | | | Financials | |  | | Asking price: | £1,250,000 | | Sales revenue: | £400,000 | | Net profit: | £75,000 |
| | | | Business description | | Set up over 40 years ago this truly established business provides a comprehensive range of services to the market it serves. These include
Recovery Services- The business has a comprehensive fleet of signwriten recovery vehicles that provide a 24/7 service. The business is in the enviable position of holding written contracts with many of the national automobile clubs(up to 3 years in duration) with guarantees them income throughout the years. (50% of turnover)
Insurance Approved Workshop & Bodyshop- Operating from substantial and very well equipped premises the business is able to undertake general auto mechanical repairs,servicing maintenance and diagnostic services for most marques in addition to providing specialist auto body repairs, welding, paint restoration and mixing services. (Workshop 12.5% of turnover, Bodyshop 12.5% of turnover)
Fast Fit Centre- Providing a rapid and reliable fast fir service that includes the supply and fit of exhausts, tyres and batteries for most manufacturers vehicles. (12.5% of turnover)
Car & Van Hire- The business has an in-depth knowledge of the vehicle hire and lease market and as such is able to provide customers with excellent rates.
Car Sales- As the business is a fully licensed credit agency they also offer contract hire, hire purchase & personal car finance. |
| | | General information | | | Employees: | The owner works full time in the business through choice as he is very much a hands-on individual. The following staff are employed.• Office Manager/Car Hire & Lease Manager• Office Administrator• 8 Full Time Operatives(3 in bodyshop, 5 on recovery and mechanical side)• 2 Part Time OperativesAll staff have been with the business for many years. They are a real asset of this business. | | Trading hours: | Monday – Friday: 0900-1730Saturday: 0900-1200Recovery Services: 24/7 |
| | | Property | | | | | Location | | This is a substantial and extremely well maintained detached freehold commercial property which occupies a good position in a mixed residential and commercial quarter of the town.
Ground Floor- Well appointed open plan 3-Bay garage workshop with 3 vehicle ramps, engine hoist etc. Adjoining dedicated body repair and paint shop with 1 vehicle ramp, body jig, plasma cutter, welding bay and purpose built spray bake oven. At the front of the building is the reception area, front office, customer toilet, staff toilets and control room.
First Floor- 2 offices and staff restroom/kitchen
Basement- Paint store and mixing room, compressor store and parts store
The business has lots of parking on site to the front, side and rear. It is understood there is parking for well in excess of 50 vehicles. |
| | | Expansion potential | | | The business is set up well for future growth within the existing infrastructure. There are opportunities to grow all parts of the business further. At present the company uses an external company to provide MOT testing. There is no reason why this could not be brought in house as the site has the space to install and MOT bay.
Further promotion of the car hire and sales side would certainly increase revenues. The business has done very little proactive marketing of this side of the business. |
| | | Competition / Market | | | The business currently has a standard listing in The Yellow Pages and also has a website, as well as a listing on a national car leasing organisations website as a local dealer. Besides this the business has relied on word of mouth recommendations and referrals over the years as well as visibility the sign written fleet and prominent position in the town gives them. |
| | | Support & training | | | The current owners would be happy to provide full training and support at handover and be prepared to stay on for a futther period of time if a new owner so requires, subject to negoatiation. |
| | | Reasons for selling | | | The vendor is planning his retirement. |
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