AL254 - Specialist Garage & Diesel Services MOT Centre

Location: Hampshire Asking price: ?400,000 + net assets Business highlights include: Turnover of c. ?830,000 per annum (2020 accounts) Net Assets c. ?80,000 (2020 accounts) Gross profit c. ?542,000 (2020 accounts) Adjusted EBITDA c. ?160,000 before drawings (2020 accounts) More than 32 years historic trading Fully equipped and modern workshop Excellent repeat customer base Well fitted ATL MOT bay Class 4 Knowledgeable, experienced and motivated team All tools of the trade included in the sale Ample Parking Prominently situated site Goodwill Business Profile This well known and successful business, set up over 32 years ago, provides a comprehensive workshop service for motor vehicles/cars and light commerical vehicles and marine motor services within the busy Hampshire and South Coast region and has been in the current vendor?s ownership for seven years. The business has built up a sterling reputation in the area during this time and provides full repair, servicing, maintenance, and MOT testing services to the local community and beyond. Since 1990 this garage has proven itself to be reliable partner for the repair and maintenance of automotive, commercial and marine diesel fuel injection engines & systems; which for automotive customers includes major brands such as Bosch, Delphi, Denso and Siemens and in the marine sector, major engine manufacturers including, CAT MAK, MAN B&W, Wartsila and Ruston. The business also maintains excellent relationships with all the most important fuel injection manufacturers enabling it to meet every customer?s service needs or parts requirements. This profitable business has established itself as a market leader in the region with an enviable reputation for quality and service; it has a particular expertise and specialism with diesel engines and injection systems for both large commercial and smaller domestic units. Because of this and its reputation for quality and reliability the business enjoys very high levels of referrals and repeat business from a loyal following of customers. The majority of clients are commercial automotive customers and the marine aspect of the business is growing steadily. The garage is fully equipped for purpose and plant includes: ? ATL Class 4,5,7MOT bay ? 2x 4 post ramps ? 2x 2 post ramps (second commercial ramp soon) ? 4 Wheel computerised alignment machine ? Full diagnostic equipment ? Range of specialist tools ? AC equipment ? Diesel fuelinjection test equipment The vendor has an excellent team of 12 x full-time employees, most of whom are technicians, who take care of the general servicing and repair parts of the business leaving the vendor to manage administrative and financial matters. Staff are fully conversant with the latest workshop techniques and engine management systems and the business is compliant with all necessary health and safety regulations and codes of practice. Location is ideal being close to major road networks and busy South coast resort towns and also has ample parking so customers can leave their cars and pick up at a convenient time later in the day if need be. Equipment: The garage has a comprehensive range of plant and equipment as you would expect from a very well-established workshop. All plant and equipment is included within the sales price. Customer Service: The business offers an excellent standard of service and is proud of their attention to customer care offering professional advice and high quality workmanship. This is evident in the very high levels of repeat business the garage enjoys and the fact it does not need to advertise. This business is a member of the Motor Industry Code of Practice; which is a self-regulatory body for the motor industry, with a voluntary membership of thousands of garages all committed to maintain a customer?s car without affecting its warranty. Key Strengths: The business has many strengths including ? Enviable reputation in the region it serves ? Large customer base ? Exceptional levels of service ? Repeat business levels and referrals ? Significant investment in infrastructure. ? Highly skilled workforce ? Profitability ? Location Growth and Expansion: The business has enjoyed steady trade over many years and this is expected to continue in light of its growing and loyal customer base. The site has room for expansion if need be and this could easily be achieved if a new owner wished to employ further personnel as the demand is already there. The business is well positioned at this time to develop further its marine diesel and larger vehicle commercial business. The business does very little advertising and could certainly expand this activity with a more proactive approach. The business is ready & prepared to take maximum advantage of this growth as it occurs as it has the necessary infrastructure in place. Employees: The vendor works within the business and manages admin and finance. The business also employs: 1x F/T Accounts 1x F/T Workshop Manager 1x P/T Administration 8x F/T mechanics and technicians. Staff are highly experienced and a real asset to the business Advertising and Marketing: The business has never felt the need to advertise bearing testimony to the fact that it enjoys exceptionally high levels of repeat business from a large and loyal customer base. There is however a comprehensive and attractive website detailing the services and facilities offered. Premises: Premises are a real strength of this business. Ideally located on a modern, discrete and busy industrial estate that is close to the key South coast, Hampshire, Sussex, Dorset trunk roads and major South coast towns & cities, the business is very well known and accessible. The premises comprises a large single storey workshop with office/reception, waiting area, toilets, and mezzanine storage. There is a large forecourt area and parking for some 8 plus vehicles. The total premises area is circa 7,500 square feet. Premises are leasehold. Current rent is circa ?42,000 p.a. Rates are circa ?15,000 p.a. It is understood a new lease would be made available to a new owner, subject to negotiation. Business Hours: Monday ? Friday: 08:00-17:00 Saturday and Sunday: Closed Financial Information: The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler. From the 2020 accounts: Turnover of c. ?830,000 per annum Net Assets c. ?80,000 Gross profit c. ?542,000 Adjusted EBITDA c. ?160,000 before drawings The business generates impressive profits. The vendor has invested in the infrastructure of the business over the years and it has a highly impressive level of plant and equipment that is included within the sales price. Reason for Sale: The vendor now wishes to move on to other business interests and challenges and the feel that the time is right to hand the business to a new owner with the means and the enthusiasm to see it achieve its potential. Support and Training: The current owner would be happy to provide full training and support at handover.

For more information on AL254 - Specialist Garage & Diesel Services MOT Centre talk to Turner Butler Limited (Business Broker)