Business Summary:
Specialist Motor Car Workshop
Repairs & MOTs
Confidentially offered for sale
Ref No: AL144
Location: Shropshire
Leasehold
Asking price: O.I.R.O. £110,000
This young dynamic business was set up by the vendor to provide customers with main dealer standard car workshop services at truly independent prices. As part of this truly niche offering the business specialises in the servicing and tuning of certain distinctive marques. Approximately 70% of current revenues come from the servicing and repairs to the specialist manufactures it promotes with the remaining 30% coming from a host of other leading car manufactures, most of which are premium brands such as Audi, and BMW such is the quality of the workshop and its services.
The business is ideally located close to all the main dealers in the town and resides within a prime modern facility with superb infrastructure that has plenty of scope for future expansion.
The business has enjoyed very impressive growth to date and is building a loyal customer base, both within the trade (it has several clients who send their cars there for MOT test) and public. In the short time it has been trading the business has grown month on month and currently handles in excess of 155 jobs a month (which currently equates to circa £12,500 per month). This figure is increasing month on month even with the current economic difficulties the country is experiencing.
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| Facilities / Terms of Lease:
The premises are leasehold. Current lease is for 9 years with 3 year break clauses. Current rent is £26500 p.a. Rates are circa £8000 p.a. The premises are very high quality and modern. Circa 4700 square feet. Comprises reception area, open plan office, customer toilets and large workshop. Also has a large mezzanine floor used for storage. Double glazing and storage heating. Parking at the front and rear(circa 21 cars) |
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| Potential
Growth/Expansion:
The business is currently enjoying impressive growth month on month such is the reputation it is building in the area. It has been approached by one prestigious manufacturer to develop the business as a dealership for them but the vendor has decided not to pursue this opportunity at this stage. Further opportunities exist due to the size of the site. It could move into car sales and develop a retail side for accessories such is the sites layout. |
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| Competition:
The business has been active in promoting the business to date using high visibility direct marketing techniques . I also has an impressive website and links into The Good Garage Scheme website. All customers are on the database(circa 1000 ) and these receive service reminders and the like via email, letter and text. |
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| Owner
willing to train:
The current owners would be happy to provide full training and support at handover |
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| Reason for selling:
The vendor is looking to pursue other interests outside the industry |
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Seller Reference Number: AL144
BusinessMart.com Listing Number: 66766 |
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