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This is an exciting opportunity for one or multiple entrepreneurs, with the business going from strength to strength, having a very loyal customer base that is always referring the business to their friends and club mates. Currently having months of lead time and contracted customers growing every day this is simply a business like no other.
The business is known for taking on work that other companies can not complete. Having a great customer base in the fast-growing American classic scene we are often being asked to work on some of the rarest and most beautiful classic cars. The business has gained a worldwide reputation with completing vehicles from the UK and overseas, as far away as Australia. With the business mixing the old processes with the new technology it allows for restorations to take place with the owners being miles away.
Hours of Trading are - 8 am - 5 pm Monday to Thursday and 8 am - 1 pm Friday, This gives the new owners scope to expand opening hours and gain more billable hours by opening till 5 on a Friday and opening on a Saturday would gain 624 billable hours a year. That equates to £40k a year more on turnover.
The sale includes the website and social media pages, the website has a high traffic volume and captures over 60% of our sales leads. The social media is very interactive with people commenting and sharing our page with their friends and family. This sale also comes with a growing parts department that sells everything a customer needs to restore his vehicle from tools to vehicle parts, this is a part that has fantastic scope to bring in more revenue to the business. The ever-growing reputation and client base makes this an extremely exciting business for someone to take over and carry on the growth.
With the business going from strength to strength each year, with the turn over reflecting this. There is still plenty of room to grow this business and take full advantage of the avenues that have been identified by the current owners. Now that all of the initial start-up issues have been identified and resolved the attention can now be fully turned into making the current business more profitable and grow the areas that can make this business highly profitable.
If the current owners were to stay with the business they would look at, expanding opening hours, looking into vehicle transport. As they have all of the contracts already in place they would look at expanding the parts department and pushing this onto all of the customers that like to complete their own work but need the parts and tools to complete it. They would look at going to more shows to attract more customers and show off the talent of the business. All of this would significantly improve the turnover of the business.
The owners are having to sell the business unfortunately due to personal reasons that take them away from the business for a long time, this will not allow them to give the business the attention that it deserves. They are open to a transition period but this would have to be negotiated during the sale.
The owners would like to attract around £100,000 this is including £60,000+ of tooling stock and all current and future contracts.
Owner financing is available.
3 years left on lease with ability to extend
£26,400 per annum
On a busy trading estate with exceptional access to motorways, trains and airports.
The premises is made up of 5 individual units.
The Potential expansion would be to hire more staff to turn vehicles around quicker, with no lack of potential work this would be easily achieved. Putting more time into the sales of parts will quickly produce more income, due to having all of the contracts in place.
There is no local competition. The biggest competition is the little back street garages that are cheaper, but due to the quality they produce the customer ends typically back with us to get the job done correctly
Both owners are relocating due to personal reasons.
Monday to Thursday 8 - 5
Friday 8 - 3
Saturday - Sunday Closed
There is a possibility for the owners to complete a transition period with the new owners.
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