Garages for sale in West Midlands

View the "Profitable Well Established Commercial Vehicle Engineers" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

 I am delighted with the service – I’ve sold my business and highly recommend Daltons to other business sellers 

Marianne Ross (April 2014)
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Leasehold Price: £374,950 Price Reduced Turnover: £815,633 Gross Profit: £89,618
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Business Description
BUSINESS

Hilton Smythe is delighted to introduce to the market a commercial vehicle engineers. Originally established by our clients in 2007, the business has been a great success. Our clients have over 35 years experience in the trade, and have been able to run the company to its full potential.

Our clients are now reluctantly looking to sell the business due to the desire to retire and would also love to travel. We are advised the current turnover is a very healthy £815,633 per annum with a gross profit of 11%.

The business offers service and repairs to commercial vehicles particulary coaches. They also offer 6 weekly inspections, general maintenance, spares and engine diagnosistics. The business operates a particularly specialised operation in the installation, repair and cleaning of Diesel Particulate Filters (DPF) and is a VOSA Compliant Installer. All of their details of services are advertised on this fantastic website. The website is included in the sale.

This business targets a niche market with very little or no competition locally and so they benefit from a huge amount of repeat trade from loyal clients. They are well known in the trade for offering a great quality service and for the fantastic value for money.

The sale includes lucrative contracts and even world wide contracts, this guarantees trade. With so much experience in the trade our clients would be happy to offer a handover period for as long as required. This is a brilliant opportunity to build up knowledge and skills required for running the business. We are also advised that all equipment is included in the price, we offer the business as a turnkey opportunity. There is an inventory list of equipment included in the sale available.

There are many ways in which the business could increase turnover. One way to do this is to extend opening hours. They are currently open half a day on Fridays and also do no open on weekends. The increase in hours allows for more custom therefore an increase in revenue.

We are advised the business already has a high profile in the local newspapers and trade press. However we believe this could be spread more further a field to bring in further clients, this can be done with an advertising and marketing campaign.

The business currently offers a delivery and pick up service, we feel that hiring more staff with a coach licence would enable them to collect and deliver more vehicles.

This is a fantastic opportunity for a new owner looking to buy an already successful business which is highly profitable. We highly advise early viewing to avoid disappointment.

LOCATION

The commercial vehicle repair business is located in the West Midlands. The business is on an industrial estate which is easily accessible, due to the fantastic road connections. There are several main A roads, which link this town with surrounding cities.

Around the industrial estate are several train stations which connects the towns, each within just a short drive from the business. There are also several bus stops just off the industrial estate.  Providing good connections with the region.

The business is surrounded by complimentary businesses and benefits from a good volume of passing trade. The estate is huge and has a varied range of companies such as other car garages, wholesalers, plumbers and many others. Just off the industrial estate is a densely populated residential area, with all amenities in close proximity.

The town has always been a fantastic place for trade. The population is said to be above 56,000. The area is a perfect place to live with untouched countryside and a large amount of green belt land along the borders.

PREMISES

The business runs from two adjoining industrial units. The property is well presented with prominent signage. At the front of the property is a good sized yard with visitors parking nearby.

First Unit

This unit has a generous sized workshop with sliding door to the front and high ceilings with roof lights this allows for big vehicles such as coaches to be worked on in the workshop.

Equipment-

Fluorescent lighting inside the entrance door

Perimeter shelving

Heavy duty ramp

Staff room with 1 ½ bowl sink and run of worktop

Utility area with fridge, drinks machine, microwave and a toaster

Second unit

Large bright workshop capable of holding many commercial vehicles high ceiling with roof lights and fluorescent lighting. The building is fully heated and has a full extraction system, fully equipped at considerable cost, at the front is a sliding door.

First floor

Reception

Carpeted with freestanding shelving unit, cupboard, fridge, toaster and microwave

Office 1

Carpeted with window to rear, two desks, filing cabinet

Office 2

Larger office, carpeted with window to workshop and front, number of desks and a freestanding shelving unit.

There is a full inventory list available.

All equipment is included in the sale including four sign written vans and a tractor unit.

TENURE

We are advised the business is leasehold

Original lease length 3 years

Remaining lease length 2.5 years

Unit 2 £7,474 per annum

Unit 3 £17,050 per annum

HOURS

The business opens:-

Monday-Thursday: 8am-5pm

Friday: 8am-2pm

Saturday: Closed

Sunday: Closed

STAFF

The business is run and managed by the owner with the assistance of 7 full time members of staff and cleaners.

FINANCIAL PROFILE

The business reports a turnover of 815,633 per annum

With a gross profit of 11%

Tenure: Leasehold

Listed by: Hilton Smythe
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