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Sold. Mot Testing Station And Mechanical Repairs

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The owner works full time in the business and is ably supported by 2 full time staff members. He also has access to an ex-employee who he can call upon, as and when required.

Reason for selling:
Genuine retirement.
Support and training:
The owner would be happy to help with a smooth transfer of company ownership and to stay on for an agreed period, subject to negotiation, to help the new owners, if so required.
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MOT Testing Station and Mechanical Repairs
Ref. AM173
Location : North West London
Asking price: GBP 150,000 + Cash at bank
The well established business has been successfully trading for many years and was acquired by the current owner in 2004. He has used his knowledge and expertise to build up the business earning a sound and reputable name. The company is now very well positioned in the area as a well-respected provider of mechanical vehicle repairs and MOTs to the local community plus a few high value corporate accounts. The customer base is loyal, due to the reputation this business has secured. A full range of services are provided.
The companys aim is to provide a first class turnkey service from initial enquiry right through to getting the vehicle back on the road.
The business is well established and easy to run with no bad debts and a good cash flow. There is continual work in progress with good growth over the past few years. This is an excellent opportunity for new owners to take over the existing business and obtain their database of regular repeat high profile clients, which the company has secured.
The business would certainly benefit from a new injection of energy and business acumen to maximise the many opportunities at its disposal. Through choice, the vendor has been selective about the volume of work he has taken on over the last year or so.

Expansion Potential
This is an outstanding opportunity to build on the effort and goodwill that has been put into this company and take advantage of the growth in the aging car market in the local area. With strong demand forecast for their services over the coming years the company are primed to increase turnover and profits. New owners with fresh ideas and enthusiasm will be able to take advantage of the opportunities available.

The owner has been happy with the amount of business coming in to the company over the past few years, however he believes that the business could easily double if new avenues of opportunity were explored, including new corporate accounts and improved signage.

The company would benefit from marketing its services more proactively. All work comes from word of mouth recommendations and referrals.

Market / Competition / Non-Competition Agreements
The company does virtually no marketing and doesnt currently have a website. A new owner would certainly benefit from implementing a clear marketing strategy and website.