A High Quality Independent Automobile Body Repair Business For Sale

1704

A High Quality Independent Automobile Body Repair Specialist
Ref.AL196
Location Peterborough
Asking Price £ 399,000
Turnover circa £900,000 per annum
Gross Profit circa £260,000 per annum
Adjusted Net Profit Circa £120,000 per annum

Asking price includes:

PAS125 British Kite mark plus Vehicle Builders & Repairers Association (VBRA) and Motor Vehicle Repairers Association (MVRA) Body shop Fellowships
Blue Chip Client Base including Insurance companies and Main Dealerships
All equipment low bake oven, Cellete body bench, Spanesi Jig Etc
Bespoke Designed Workshop and Offices circa 11,500 Sq Ft
Complete and successful walk in and trade opportunity
Ample Secure Parking with CCTV
Key Skilled Personnel
Business profile:
This superb car, and commercial collision repair company, works on behalf of Insurance companies and local main car dealerships repairing all aspects of collision damage. The company has the PAS 125 British Kite Mark, currently ther are only 700 such British Standard Kite Marks Awarded across the UK. This quality standard is increasingly recognised as the standard mark that large insurers and main dealerships work to, a major atraction for new clients who can feel confident in the skills provided by the team.

The business was established in 1981 and has seen organic growth over the years due to the quality of workmanship and attention to detail supplied, achieving an excellent reputation with the large insurance companies and main dealerships that use its services.

The profits from the business have been ploughed back over the years to purchase equipment and tools of the highest quality, plus keeping up with new technology as and when it comes on to the market, as can be seen in the extensive list the equipment section below.

A major benefit of this opportunity is the low overhead base, with rent and rates comparitively low when compared to the possible turnover and profitability of the business.

Facilities:

The business operates from a modern and bespoke leasehold premises comprising of production and office space of circa 11,500 square feet. The premises have good quality offices and kitchen and toilet facilities for both staff and clients alike. The builiding is of steel and brick construction and is fully secure with an up to date CCTV system in place. The premises have been designed so that all work has a natural flow through all the processes needed to repair any damage to the vehicles. The bays have painted concrete floors and roller shutters. All equipment is modern and in good order. Outside there is ample secure parking. The 5 year renewable lease will be negotiated with the successful purchaser. Rent £20,000 per annum Rates £11,000 per annum

Competition:

The business has an up to date website giving potential clients information on the quality services available. The business advertises in yellow pages but overall advertising has been reduced. A high percentage of turnover is via main dealerships and large insurance groups who have a trust and understanding that the quality of work will continue due to the standards put in place by the current owners, this has reduced the need for advertising. With the input of the new owners a targeted advertising campaign built on the back of the company’s reputation would be beneficial to the business fortunes.

Growth Potential:

There are excellent opportunities to increase the levels of business. Since inception this business has performed to a high standard and has earned wide-recognition for the level of services provided for its clients. It is considered that a new owner with fresh impetus and enthusiasm can further capitalise on the ever increasing opportunities made available to the company through its reputation. This is a marvellous opportunity for an individual or an existing company to develop and expand on an excellent foundation, especially with further promotion within the appropriate market sectors and the possibility of expanding the self imposed geographical working area and hours of the business. The company is well positioned for its next period of growth. With increased marketing, a small investment in developing a website and some new energy, revenues could be significantly increased with greater sales and better efficiency.

Training/Support:

The vendor and key manager will offer full support and training to facilitate a smooth transfer of ownership. The manager wishes to remain with the business and would be invaluable to the new owners, understanding as he does the full operational requirements and having daily communication at all levels with the client base

Sale Reason:

The vendor has concentrate on his other interests