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Asking Price$368,566
Revenue$327,714 Established1982
Cash Flow$110,570 Employees3 full, 2 part
FF&EUndisclosed FranchiseNo
InventoryUndisclosed RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Specialist Garage for Mechanical Car Repair & Servicing plus Class 4 MOT Station
Ref. AL239
Location : Ipswich
Asking Price : £260,000
Leasehold

Asking price includes:

Turnover circa £223,791 per annum
Gross Profit circa £161,341
Adjusted Net profit c£78,000
Net asset value £89,000
Good Location
Well-equipped workshop
Repeat client base
Referred business from main Dealers
Originally started in 1982, the vendor bought this well established garage in 2002.

The garage specialises in high quality mechanical car repair, servicing and is also a busy Class 4 MOT centre. The garage has established a fantastic reputation for high standards of service and value for money. This has generated a repeat private client base with some business referred from main dealers.

The well fitted and equipped high end workshop premises comprise of 2 x 2 post hydraulic ramps, 1 x 4 post ramp.

The garage also operates a professional breakdown and recovery service for many main dealers and body shop businesses.

Sage software is used for accounts, invoicing and payroll.
Facilities:The premises are leasehold with 40 years remaining. Annual rent is £5,120 with rates of £10,500 (£3,781 payable). The property comprises of a building of approx. 203 sq. mo. including 2 x two post hydraulic ramps and 1 x four post MOT hydraulic ramp, an office plus an is well secured with monitored alarm, steel doors and security posts.
Competition:The business operates on recommendations by customer word of mouth and referrals. Advantages to improve profitability are being lost as there has been no investment in a company website to promote the services on offer. Undertaking a local marketing campaign could also bring in additional business.
Growth Potential:Trading in total for over thirty years the business reputation has been built upon this standing through word of mouth recommendations. The company has grown steadily and the owners believe that with a positive market outlook there is an excellent opportunity to take the business forward over the coming years. Building on the existing services and customer base of this business could be achieved by extending the premises and introducing a further MOT ramp to offer class 7 MOT’s as a way forward. Also committing to a small advertising budget, plus investment in a company website, could achieve additional enquiries and ultimately additional profits.
Training/Support:The owner is happy to provide support and training for the new owners, if required, to ensure a smooth transition of ownership.
Sale Reason:The vendor is planning to retire.
Ad #78195
Seller Reference #AL239
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Turner Butler
0044 1895256000
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