Garages for sale in Potters Bar

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Vehicle Repair/Recovery/Sales and Window Tinting Business

Potters Bar, Hertfordshire, England

  • Leasehold Price: £285,000  Price Reduced arrow_drop_down
  • Turnover: £316,997
Seller Reference: B05596
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Business Description
 
 
 
 
 
 
 
 
 
 
 
 
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Seller Reference: B05596
Request Details
Business Description
Business
Please quote reference B05596

Hilton Smythe welcomes to the market XXL Garage Limited, which was established around 20 years ago by our client. Our client is now looking to sell as they are moving abroad, however, they would stay on at the company for up to 6 months for help with the transitional period and in order to keep the company’s strong reputation ongoing.

XXL Garage Limited has three main parts to the company, one being car recovery and repairs, the second being car sales and the third being car window tinting.

XXL Garage has been involved in the repair and maintenance of all types of vehicles for around 20 years. This experience enables XXL to provide a 'second to none' service to their customers. We are advised in recent years the garage has invested time and money in equipment, training and technical literature to ensure their technicians are qualified and have access to the latest information and Diagnostic equipment, ensuring a professional and cost effective alternative to using a main dealer.

XXL Garage prides itself in its professional and reliable service, lower labour rates without compromising quality along with the personal relationship they offer their customers.  At time of instruction this has translated in great customer feedback and on-line reviews, including 4.8/5* feedback from over 140 reviewers on Google. The business offers a 24 hour recovery service and has 2 Iveco Daily recovery trucks.

XXL Car Sales has a showroom located to the rear of the main garage and sells quality used vehicles usually with a mileage of around 20,000 and an average price of £6,000.

XXL Windows Tinting offers window tinting by a qualified member of staff 7 days a week. There is currently a 2 month waiting list and the business has the capability of tinting windows on up to 7 cars vehicles per day.

The business is being sold with a comprehensive website along with Facebook pages for the businesses and a large customer database for servicing & repairs.

Our client will be willing to stay on for a period of time to help with the transition of the business and is looking to sell the business with all trained staff and approximately £140,000 of assets, which include Snap-On diagnostics and Snap-On hand tools.

There are many reasons to buy XXL Garage Limited including:-


  • A large customer database

  • Many years experience in the business

  • A multi-faceted profitable business


Hilton Smythe highly advise early viewing to avoid disappointment.

Location
XXL Garage is located in Potters Bar, Hertfordshire on an industrial estate of other garages and repair workshops, which bring a large number of potential clients to the area. There is parking directly outside the premises for 9 vehicles.

Potters Bar is a town in Hertfordshire, England, 13 miles north of London. In 2011, it had a population of 21,882. The town dates to the early 13th century but remained a small, mainly agricultural, settlement until the arrival of the Great Northern Railway in 1850. It is now part of the London commuter belt and sits on junction 24 of the M25.

Premises
Outside the garage is parking to the front for 9 vehicles in 3 rows of 3.

There is a large storage container directly to the front of the garage which will be sold with the business.

The garage is entered at the front and has a roller door, the front left hand quarter of the premises is let by the landlord to another company. The workshop area of XXL Garage Limited is to the front right of the premises and to the rear of the premises is the sales showroom area with room for circa 20 vehicles.

To the rear of the building are the shared toilet facilities.

The garage has been fully fitted out over the last 2 years and has hard wearing rubber flooring.

The equipment being sold with the business includes:-


  • 2 x 2 post Big Red 4 tonne ramps

  • Airmate compressor

  • Window tinting bay

  • Snap-On diagnostic equipment

  • Numerous Snap-On hand tools

  • Numerous jacks etc.

  • Tyre machine


The office/reception is located at the front right of the garage and has 2 desks, computer system.

The premises has a CCTV system that can be remotely operated, 24 hour alarm system.

Tenure
We are advised the business is being sold as a leasehold business opportunity with a 3 year lease from December 2018.

 

Hours
The business opening hours:

Monday - Sunday: 8am – 9pm, with work finishing at 6pm. After 6pm is usually for pick up or delivery

There is also a 24/7 recovery service.

Staff
The business is run and managed by our client, with the help of 4 members of staff.

Financial Profile
XXL Garage Limited generated an advised turnover of £316,997 as of the 2019 accounts, with a net profit of £86,509 and an adjusted net profit of £104,639.

Please quote reference B05596

Tenure:
Leasehold
Listed by:
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