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Businesses For Sale > Business For Sale in Middlesex, UNITED KINGDOM - UK (UK)

AL246-Middlesex-£240,000-MOT Testing Station and Mechanical Repairs for sale in Middlesex, UK

Middlesex, UNITED KINGDOM - UK (UK)

Asking Price: Gross: Cash Flow:
£ 240,000 £ 320,000 £ 90,000

Business Summary:
MOT Testing Station and Mechanical RepairsRef. AL246Location : MiddlesexAsking Price : £240,000 Inc. AssetsThe well-established business has been successfully trading for more than 32 years and has been a partnership of two brothers since the commencement of trading. The two brothers have used their knowledge and expertise to build up the business earning a sound and reputable name. The company is now very well positioned in the area as a well-respected provider of mechanical vehicle repairs and MOTís to the local community plus a few high value corporate accounts. The customer base is loyal, due to the reputation this business has secured and among a short list of local competitors retains its share of the available trade. A full range of services are provided.The companyís aim is to provide a first class turnkey service from initial enquiry right through to getting a customerís vehicle back on the road.The business is well established and easy to run with no bad debts and a good cash flow. There is continual work in progress with good growth over the past few years. This is an excellent opportunity for new owners to take over the existing business and obtain their database of regular repeat high profile clients, which the company has secured.The business would certainly benefit from a new injection of energy and business acumen to maximise the many opportunities at its disposal. Through choice, the vendors have been selective about the volume of work he has taken on over the last year or so.

 

   
Year Business was Established: 1986
   
Number of Employees: 01FT/01PT  
   
Facilities / Terms of Lease: The business trades from its long term MOT and service garage, protected by security systems and shutters. It is located on a small side road with sufficient parking in a highly accessible and central regional town, location surrounded by a predominantly residential area with popular retail outlets.  
   
Potential Growth/Expansion: This is an outstanding opportunity to build on the effort and goodwill that has been put into this company and take advantage of the growth in the aging car market in the local area. With strong demand forecast for their services over the coming years the company are primed to increase turnover and profits. New owners with fresh ideas and enthusiasm will be able to take advantage of the opportunities available. The owners have been happy with the amount of business coming in to the company over the past few years, however they believe that the business could easily double if new avenues of opportunity were explored, including new corporate accounts and improved signage. The company would benefit from marketing its services more proactively. All work comes from word of mouth recommendations and referrals.  
   
Competition: The company does virtually no marketing and doesnít currently have a website. A new owner would certainly benefit from implementing a clear marketing strategy and website.  
   
Owner willing to train: The owners would be happy to help with a smooth transfer of company ownership and to stay on for an agreed period, subject to negotiation, to help the new owners, if so required.  
   
Reason for selling: Genuine retirement.  
   
Seller Reference Number: AL246
BusinessMart.com Listing Number: 237827
 

 

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For more info contact:

Andrew Hudson

Turner Butler
01895 25 6000

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