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Finance And Services:

Business For Sale. Service, Mot & Tyre Centre With Separate Alloy Wheel Refurbishment Centre

LISTING DETAILS
Firms For Sale ID:
34942
Vendor reference:
AL248
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
£800,000  
Turnover / revenue:
£980,000
Net profit / cashflow:
Undisclosed
Years established:
9
Trading hours:
Mon Fri 8.45am 6:00pm Sat 8.45am 2:00pm
Number of employees:
5
Employees / staffing:
The vendor works within the business 6 days week. The business also employs a full time Senior Technician as well as 4 full time technicians. All staff is highly experienced and are real assets of the business.

OTHER DETAILS
Reason for selling:
Semi-retirement sale.
Support and training:
The current owners would be happy to provide full training and support at handover. This should be a relatively simple process as the vendors have put in place a General Manager who runs the business on a day to day basis.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
Lease terms:
Premises are a real strength of this business. Ideally located on a busy main road and adjacent to a busy industrial estate that is close to the M11 Motorway, the A406 North Circular and a busy thoroughfare in its own right the business is very well known and accessible. The site is circa 5,000 sq. ft. of workshop and a large front parking area for numerous vehicles. The garage comprises a large single storey workshop with offices, reception, waiting rooms, toilets, kitchen and warehousing/storage. The Garage Premises are leasehold. Current rent is circa GBP 58,000 p.a. Rates are circa ?22,000 p.a. A new 10 year lease was signed in April 2018. It is understood the new lease will be signed over to new owners subject to normal checks and references. The Wheel Centre is leasehold and a new 6 year rolling lease will be signed in November 2018. The current rent is GBP 25,000 p.a & Rates are GBP 9,000 p.a.
 
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BUSINESS DESCRIPTION
Service, MOT & Tyre Centre with separate Alloy Wheel refurbishment centre
Ref. AL248
Location : Essex
Asking Price : GBP 800,000 +Stock
This successful business set up over 9 years ago provides a comprehensive workshop service for motor vehicles/cars and light commerical vehicles within the busy Essex region it is located within. The business has built up a sterling reputation in the area during this time and provides, full repair, servicing, maintenance, tyre fitting, Alloy wheel repair & refurbishment and MOT testing services to the local community and beyond. The wheel company has vast account work from the numerous local main dealers.
This profitable business has established itself as a market leader in the region with an enviable reputation for quality and service. Because of this the business enjoys very high levels of referrals and repeat business from a loyal following of customers. So much so that the business can boast a client base of over 8000 customers, many of whom span generations. The majority of clients are domestic customers but the business does have a few commercial clients also.
The garage is fully equipped for purpose and plant includes:
Dedicated ATL Class 4 MOT bay
Fully equipped tyre fitting bay
6 Ramps (including a 2 post ramp for heavy commercial vehicles)
Full diagnostic equipment
Range of specialist tools
The vendors have an excellent team of staff including a Senior Technician and 4 technicians who run the business on a day to day basis. 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.

Expansion Potential
The business has enjoyed steady growth over recent years and this is expected to continue in light of its growing and loyal customer base. The site has room for expansion if need be and this could easily be achieved if a new owner wished to employ further personnel as the demand is already there.

The tyre sales/fitting operation could easily be grown as this currently accounts for just 10% of overall sales. There is also the opportunity to look at motorbike MOT provision as there is currently only one motorcycle MOT station in the area.

The business does very little advertising and could certainly expand this activity with a more proactive approach. The business is well positioned to take maximum advantage of this growth as it occurs as it has the necessary infrastructure in place.

Market / Competition / Non-Competition Agreements
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 three comprehensive and attractive websites detailing the services and facilities offered.