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Finance And Services:

Sold. Mot Testing Station And Mechanical Repairs

LISTING DETAILS
Firms For Sale ID:
34932
Vendor reference:
AL246
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
£240,000  
Turnover / revenue:
£320,000
Net profit / cashflow:
£90,000
Years established:
32
Number of employees:
1
Employees / staffing:
The owners work full time in the business and are ably supported by 1x full time staff member.

OTHER DETAILS
Reason for selling:
Genuine retirement.
Support and training:
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.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
Lease terms:
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.
 
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BUSINESS DESCRIPTION
MOT Testing Station and Mechanical Repairs
Ref. AL246
Location : Middlesex
Asking Price : GBP 240,000 Inc. Assets
The 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 MOTs 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 companys aim is to provide a first class turnkey service from initial enquiry right through to getting a customers 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.

Expansion Potential
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.

Market / Competition / Non-Competition Agreements
The company does virtually no marketing and doesnt currently have a website. A new owner would certainly benefit from implementing a clear marketing strategy and website.