Business Summary:
Service & MOT Centre - Performance Specialist Services & Modifications.Confidentially offered for sale.Ref No: AL259.Location: Wiltshire.Asking price: £250,000 Inc. Net Assets.Business highlights include:Turnover of c. £437,000 per annum (2024 accounts).Net Assets c. £405,000 (2024 accounts).Gross profit c. £313,000 (2024 accounts).Adjusted Net Profit c. £91,000 before drawings (2024 accounts).More than 15 years historic trading.Fully equipped and modern workshop.Excellent repeat customer base.Well fitted OPTL MOT bay Class 4.Knowledgeable, experienced and motivated staff. All tools of the trade included in the sale.Ample Parking.Prominently situated site.Goodwill.Business ProfileThis well known and successful business, set up over 15 years ago, provides a comprehensive workshop service for motor vehicles/cars, light commercial vehicles & performance, track/race cars within this busy and densely populated are of Wiltshire and has been in the current vendor’s ownership since its founding. The vendor plays no part in the day to day management of the business.The business has built up a sterling reputation in the area during this time and provides full repair, servicing, maintenance, and MOT testing services to the local community and beyond with some customers returning regularly for many years. With a deserved expert reputation for motorsport preparation and vehicle performance upgrades, other services include rolling road tuning, aftermarket engine management systems, turbo and supercharger conversions, roll cage installations, and complete race car and custom project builds. The business’ team of qualified motorsport and automotive technicians ensure every vehicle receives the highest standard of care and attention.In-house facilities include a full rolling road dyno, TIG and MIG welding, custom exhaust fabrication, as well as precision lathe and milling equipment meaning that all possible engineering solutions are available to the customers at every level of required performance; whether for drift, rally, hill climb or time attack, the business’ experts design, fabricate, and fine-tune every component to perform flawlessly under such stresses.The focus of activities in the business are evidence based and so technicians are required to submit a tangible diagnostic result to justify customer recommendations for repair, this has the added benefit of defusing potential disputes that can sometimes arise much later. This profitable business has established itself as a market leader in the region with an enviable reputation for quality and service; it is fully equipped for purpose, and plant includes:- Boston Class 4 MOT Bay with new 4 post 2025 OTPL lift (Emissions and roller brake tester (2012)). - 3x 2 post lifts. - TIG/MIG Welding Machines.- Lathe.- Hurco Exhaust Tube Bender.- 2x Injector test/cleaning machines and stock of roughly 70k of assorted fuel injectors (sold through our ebay shop) - a small business on its own.- 2WD 1200bhp Dyno Dynamics Rolling Road + Assorted equipment.- Kess3 Remapping Equipment.- Various tools of trade including timing kits, workshop. tools, Press, Trolley Jacks, Compressor etc.- PCs, 12channel CCTV system, Vending Machine, various office related equipment printers etc.Staff are fully conversant with the latest workshop techniques and engine management systems and the business is compliant with all necessary health and safety regulations and codes of practice.Location is ideal being close to major road networks and busy towns and also has ample parking so customers can leave their cars and pick up at a convenient time later in the day if need be.Equipment:The garage has a comprehensive range of plant and equipment as you would expect from a very well-established workshop. All plant and equipment is included within the sales price.Customer Service:The business offers an excellent standard of service and is proud of their attention to customer care offering professional advice and high quality workmanship. This is evident in the very high levels of repeat business the garage enjoys and the fact it does not need to advertise.Key Strengths: The business has many strengths including:-• Enviable reputation in the region it serves.• Large customer base.• Exceptional levels of service.• Repeat business levels and referrals.• Significant investment in specialist equipment.• Highly skilled workforce.• Location.Employees:The vendor does not work in the business on a day to day basis. The business also employs:1x Part Time Book Keeper.3x Mechanic Techs (One of which is an MOT tester).1x MOT Tester (Sub Contracted).Staff are highly experienced and a real asset to the business.Advertising and Marketing: The business has never felt the need to advertise bearing testimony to the fact that it enjoys exceptionally high levels of repeat business from a large and loyal customer base.There is however a comprehensive and attractive website detailing the services and facilities offered.Premises:Premises are a real strength of this business. Ideally located on a modern and busy industrial estate that is close to highly populated Wiltshire towns with ready access to main trunk roads including the A36 & A350 on to major towns & cities in the Wiltshire, Berkshire, South Gloucestershire & Somerset areas, the business is very well known and accessible.The premises comprises a workshop of approximately 2,500 square feet with 3 modern roller up & over doors, 6 metre eaves and a further 500 square feet of mezzanine, used for general storage.There is an office and reception/toilet area of approximately 550 square feet.A parking area/hardstanding yard of approximately 3000sqft.The premises are freehold and owned by the company, it is the intention to remove the freehold from the company prior to sale and the vendors are happy to offer a new lease to the successful buyer, subject to negotiation.Business Hours:Monday – Friday: 08:30-18:00.Saturday and Sunday: Closed.Financial Information: The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler. Turnover of c. £437,000 per annum (2024 accounts)Net Assets c. £405,000 (2024 accounts)Gross profit c. £313,000 (2024 accounts)Adjusted Net Profit c. £91,000 before drawings (2024 accounts)The business generates reliable profits. The vendor has invested in the infrastructure of the business over the years and it has a highly impressive level of plant and equipment that is included within the sales price.Asking Price:The Asking Price of £250,000 Inc. net assets is for 100% of the issued capital of the company, assuming Net Assets of circa £405,000 on completion (calculated on a zero cash-zero debt basis). The final selling price will have a £1 for £1 adjustment for any rise or fall in this benchmark Net Asset figure at completion.
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