Garage services – service, maintenance and repair of motor vehicles and the sale of used cars.
Ref. AL233
Location S Wales
Asking Price £299,000
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 £299,000 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.
