Total of 18656 firms and businesses for sale today Friday 26th April 2024
Sold. Independent Car/vehicle Sales, Servicing, Diagnostics, All Models Of Cars
LISTING DETAILS
Firms For Sale ID:
33617
Vendor reference:
AL230
Vendor website:
BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
£195,000
Turnover / revenue:
£1,627,000
Net profit / cashflow:
Undisclosed
Years established:
64
Number of employees:
6
OTHER DETAILS
Reason for selling:
This is a genuine retirement sale where the 2 directors are now looking to relocate closer to other family members in the North of the country.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
BUSINESS DESCRIPTION
Independent Car/Vehicle Sales, Servicing, Diagnostics, All Models of Cars,
One stop shop including MOTS, tyres, exhausts and repairs
Ref.AL230
Location East Anglia
Asking Price GBP 195,000
Turner Butler are delighted to offer for sale this family run, established business offering a comprehensive range of garage services. The business has been built up over the years on the high quality of service delivered to all its customers. The owners have created a business which now boasts a most impressive annual turnover and would be an ideal base for new owners looking to enter this market or as a bolt on business for an existing operator looking for a foothold in this location.
The business essentially has two sides to it. The first being the sale of new and used cars and vans, which is then complimented by the full range of services provided by the repair and service centre. The owners oversee the running of the business supported on a day to day basis by the capable team of employees.
The trading name of the business is synonymous within the surrounding area and has been trading in the location since the late 1800s. The business has been under its present ownership since the 1950s and during this time the premises and the business have undergone some major transformations, however the attention to detail and quality of service has remained the same.
The garage is renowned for offering a full range of services for all vehicles.
The annual turnover for the business is in the region of 1.63M with a gross profit margin of GBP170,000. The EBITDA for the business to exclude any one-off costs is in the region of GBP60,000 pre any owners drawings. Full Limited company accounts can be provided to interested parties at a later stage.
Expansion Potential
The business has scope and potential to keep growing. Under new ownership there are undoubtedly avenues which new owners could explore on both the sale of new and used vehicles and on the service/repair side of the business. We are advised that there are some major residential developments happening in the surrounding area which can only benefit this business.