Total of 18659 firms and businesses for sale today Tuesday 14th May 2024
Sold. Commercial Vehicle Contract Maintenance & Repair Centre
LISTING DETAILS
Firms For Sale ID:
33224
Vendor reference:
AL218
Vendor website:
BUSINESS DETAILS
Location:
Primary sector:
Asking price:
£365,000
Turnover / revenue:
£700,000
Net profit / cashflow:
£100,000
Years established:
30
Trading hours:
As required.
Number of employees:
6
Employees / staffing:
The business currently employs some 6 staff including a commercial manager, workshop manager and workshop technicians. All staff are highly trained and a real asset of the business.
OTHER DETAILS
Reason for selling:
Genuine retirement
Support and training:
The owner will provide full support and training to ensure a seamless transition of ownership.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
Lease terms:
The current lease is a is for 15 years with 5 year break clauses. Current rent is circ a £45,000 p.a. Rates are circa £19,000 p.a.
BUSINESS DESCRIPTION
Commercial Vehicle Contract Maintenance & Repair Centre
Ref.AL218
Location County Durham
Asking Price £ 365,000
Established over 30 years ago, this highly profitable and reputable garage services business, specialising in the contract maintenance , service and repair of commercial vehicles, is one of the leading organisations in this field within the North East of England. Operated more as a ‘fleet workshop’ – it carries out planned maintenance and maintains vehicle records on behalf of many regular clients, many of which are nationwide blue chip businesses.
This business delivers a professional, cost effective and friendly service and has a very impressive track record and pass rates/approvals. Because of this it enjoys the benefit of long term contracts with a high number of its customers. These contracts range from rolling contracts, annual ones to 3 yearly deals which ensures consistent levels of work , year in year out. This business has the capability to work on all makes and models of commercial vehicles from small vans upwards and enjoys very impressive levels of repeat business.
As already mentioned this business can boast an extensive client base which is generally made up of large leasing companies, hire companies and large blue chips who have their own fleets of vehicles that need maintaining. The business is more than competitive with other local service and repair outlets and especially with other main dealers, choosing to differentiate itself by the quality of its service. The level of service offered has ensured this business has outlived many local competitors that have fallen by the wayside whilst this business has gone from strength to strength and it is the preferred dealer for many organisations in the region and beyond.