Garage services – service, maintenance and repair of motor vehicles and the sale of used cars.
Ref.AL233
Location S Wales
Asking Price £ 345,000
Asking price: £345,000 to include the freehold of the premises.
Business profile:
Introduction
Turner Butler has been appointed to invite offers of purchase for the Assets and Goodwill of a garage services business specialising in the service, maintenance and repair of motor cars and the sale of used motor vehicles.
Key strengths:
The business has the following key attributes:
• Service, repair and sales of pre-owned cars.
• Freehold premises in prominent location adjacent to a very busy ‘A’ road.
• Highly trained, skilled and experienced technical staff.
• Fully equipped workshop.
• Fast, friendly quality service.
• Excellent growth and expansion opportunities.
The business provides an acquirer with:
• An ideal bolt on for a company already operating in the garage services sector.
• An ideal ‘starter’ opportunity for someone to establish a foothold in the garage services sector.
Financial profile:
For the financial year ending March 2013, the business generated turnover of almost £1.1m, gross profits of almost £200,000 and an EBITDA before Directors costs of approximately £37,000.
The Asking Price of £345,000 is for a sale of Assets and Goodwill in the Business and includes the freehold of the premises, recently conservatively valued at £249,000, plant and equipment of approximately £6,000 and motor vehicles involved in the day-to-day running of the Business of approximately £16,000.
The Asking Price excludes the stock of pre-owned vehicles available for sale, however, all or some of these could be made available to the new Owners of the business, subject to negotiation.
Next steps:
If you are interested in receiving further information, please sign and return the attached Confidentiality Agreement. In returning the Agreement we would be grateful if you could provide us with details of your interest in this opportunity along with your funding position.
All enquiries or requests for additional information should be submitted or directed to Tony Bell at Turner Butler (e-mail: tony@turnerandco.com), telephone Head Office: 01895 256000 or mobile: 07870 553 963.
Turner Butler Disclosure Statement:
This statement applies to information relating to any company or other undertaking or business advertised for sale by Turner Butler (a 'Business')
The information supplied by Turner Butler on its website or in any other promotional material ('the Information') is not and is not intended to constitute an offer for sale of the Business or any assets of the Business or of the shares of any company which owns the Business.
