Business Summary:
Garages and Mot Station
Confidentially offered for sale
Ref No: AL122
Location
North East Nottinghamshire
Asking price: £295,000
This well known and respected business was established thirty seven years ago by the current owners and provides vehicle repairs, maintenance, servicing, engine diagnostics and also is an approved vehicle testing station
The company has a huge database of regular repeat customers including Fleet Management companies such as Fleet Support and Arval. An approved list of garages is used for clients leased vehicles and this guarantees a steady stream of business throughout the year. The company has recently become an approved fitter for two major internet tyre retailers, with the prospects of extra income being achieved in the future.
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| Facilities / Terms of Lease:
The business runs from a purpose built, leasehold industrial unit, which measures circa 5,000 sq. ft. of workshop space and circa 600 sq. ft of office space. Outside there is a large yard which is used for storage and ample parking. All of the premises have Red Care Alarm with steel gates on the outside of the workshop complex.
The premises are owned by the vendors and are happy to negotiate a lease term with the new owners of the business. Rental is circa £20,000 p.a with rates of circa £8,209 p.a. Outside there is room for expansion of the workshop/building |
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| Potential
Growth/Expansion:
The company has spare capacity, and there remains scope for an increase in the workshop to bring in further turnover and profits. Further utilisation of the workshop, by adding an in house paint shop, would alleviate the need to sub contract out any paint jobs that are often required
Having traded consistently and profitably over the past thirty six years, the owners have maintained the business at a comfortable level that is manageable for them, based on the current infrastructure.
The company has no active web-site, and there is no major marketing or advertising budget. They obtain the majority their business from their regular customers and by word of mouth recommendation. A small amount of investment in a marketing drive would immediately reap rewards with the high quality and service which is provided. |
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| Owner
willing to train:
Both the owners would be happy to help out with a smooth transition of the business and help in anyway possible |
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| Reason for selling:
Both of the owners have been in the same business for over thirty seven years and believe this would be a perfect time for someone to take the business onto the next level. They would like to investigate other new business opportunities. |
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Seller Reference Number: AL122
BusinessMart.com Listing Number: 45984 |
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