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Finance And Services:

Sold. Vehicle Recovery Company With Garage Workshop Providing Mot, Servicing & Repairs

LISTING DETAILS
Firms For Sale ID:
30789
Vendor reference:
AL205
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
£175,000  
Turnover / revenue:
£377,000
Net profit / cashflow:
Undisclosed
Years established:
40
Trading hours:
Monday Friday: 0830 1730 Saturday: 0900 1300 Recovery Services: 24/7
Number of employees:
5
Employees / staffing:
Through choice the vendor works full time in the business as he is very much a hands on individual. His wife also works part time looking after the administration. In addition to this, the business employs 5 Full Time Mechanics Two of the mechanics are senior and have been with the company for many years and understand the workings of both sides of the operation. They, as are all staff, are a real asset of this business.

OTHER DETAILS
Reason for selling:
The vendor is planning his exit strategy. He also feels the business is ripe for a new owner to take it through its next period of growth.
Support and training:
The current owners would be happy to provide full training and support at handover and be prepared to stay on for a further period of time if a new owner so requires, subject to negotiation.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
Lease terms:
The business operates from leasehold premises ideally located on a well known industrial estate close to the main road network. Rent is circa GBP 15,500 p.a. Rates are circa GBP 3,500 p.a. The workshop is circa 1500 square feet. There is a large car parking area to the front which can accommodate circa 20 cars. In addition to this the business rents a storage compound for the recovery vehicles circa GBP 2000 p.a.
 
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BUSINESS DESCRIPTION
Vehicle Recovery Company with Garage Workshop Providing MOT, Servicing & Repairs
BSi PAS 80 Registered
Ref.AL205
Location West Midlands
Asking Price GBP 175,000
Set up almost 40 years ago this truly established business provides a comprehensive range of vehicle services to the markets it serves so well. These include

Breakdown & Recovery Services The business has a comprehensive fleet of sign written recovery vehicles that provide a 24/7 service for breakdown and recovery. The company has direct computer links to the major motoring organisations with in-cab data terminals, not to mention the latest satellite navigation aids to ensure it provides a reliable, safe and speedy response. The business is in the enviable position of holding contracts with many national organisations who have responsibilities for large fleets of vehicles throughout the UK. Many of these contracts have been in place for many years and this ensures consistent levels of business year in year out.

Insurance/BS Approved Workshop Operating from substantial and very well equipped premises the business is able to undertake general auto mechanical repairs,servicing maintenance and diagnostic services for most marques. As part of this the business has its own MOT testing station so it can provide a complete turnkey solution to customers.

Approximately 55% of revenues are generated from the breakdown and recovery business with the remaining 45% coming via the workshop facility. Both operations are run from the same site. Ideally the vendor would like to sell the operation as one but he may consider selling each operation separately.

Expansion Potential
The business is set up well for future growth within the existing infrastructure. There are opportunities to grow all parts of the business further without the need for further investment, particularly the workshop and MOT facility.

The fast fit market is one such opportunity. The company does not really promote tyres and exhausts at present but could easily add this service offering.

Market / Competition / Non-Competition Agreements
The business has a highly informative website and carries out some search engine optimisation as part of this. It also receives exposure through its associations with Unipart and the other automotive associations and companies it deals with. The business does undertake some occasional advertising within the local papers. In addition to this it sends out service and MOT reminders to existing clients. Besides this the business has relied on word of mouth recommendations and referrals over the years as well as visibility the sign written fleet gives them.