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Business for sale in United Kingdom - Al117 - vehicle recovery company

Asking Price: 1,250,000 £ Real Estate: Ownership
Sales Revenue: 400,000 £
Net Profit: 75,000 £
Year Established: 1968
Employees: 8FT, 2PT
# of family members employed: Not Disclosed
Location criteria:
United Kingdom/London Borough of Hillingdon/London Borough of Hillingdon

Business types:

Services

Business categories:

Repair Services

Business description

Set up over 40 years ago this truly established business provides a comprehensive range of services to the market it serves. These include Recovery Services- The business has a comprehensive fleet of signwriten recovery vehicles that provide a 24/7 service. The business is in the enviable position of holding written contracts with many of the national automobile clubs(up to 3 years in duration) with guarantees them income throughout the years. (50% of turnover) Insurance Approved Workshop & Bodyshop- Operating from substantial and very well equipped premises the business is able to undertake general auto mechanical repairs,servicing maintenance and diagnostic services for most marques in addition to providing specialist auto body repairs, welding, paint restoration and mixing services. (Workshop 12.5% of turnover, Bodyshop 12.5% of turnover) Fast Fit Centre- Providing a rapid and reliable fast fir service that includes the supply and fit of exhausts, tyres and batteries for most manufacturers vehicles. (12.5% of turnover) Car & Van Hire- The business has an in-dpeth knowledge of the vehicle hire and lease market and as such is able to provide customers with excellent rates. Car Sales- As the business is a fully licensed credit agency they also offer contract hire, hire purchase & personal car finance. Equipment: The business has all the necessary plant and equipment to carry out its work to the exacting standards its clients require.These include a fleet of 9 recovery vehicles, 3 courtesy cars, 4 ramps, a spray booth and a full range of garage equipment. All this equipment is housed within substantial and well fitted detached industrial premises. Estimated value of assets (including freehold)is circa 950,000. Customer Service: Over 40 year successful trading is an indication of the service levels provided. The business has a wide and varied regular client base, many of whom are large blue chip commercial organisations. These include most of the national automobile breakdown associations, the large fleet management companies and organisations who themselves have a large fleet of vehicles that need maintaining as well as insurance backed businesses and dealerships.The business would not have such impressive customers if its levels of service were not of the highest level. The business is a member of The Association Of Vehicle Recovery Operators (AVRO). Key Strengths: • There are no other businesses of similar nature or size in the area. • Written ongoing contracts with major breakdown/automobile associations guarantees future revenues. • Turnkey solutions • Commercial and private customer base • Multiple revenues streams • Market presence and reputation • Levels of repeat business • Assets and equipment Growth and Expansion: The business is set up well for future growth within the existing infrastructure. There are opportunities to grow all parts of the business further. At present the company uses an external company to provide MOT testing. There is no reason why this could not be brought in house as the site has the space to install and MOT bay. Further promotion of the car hire and sales side would certainly increase revenues. The business has done very little proactive marketing of this side of the business.

Additional information

Additional information: Not Disclosed
Support & training: The current owners would be happy to provide full training and support at handover and be prepared to stay on for a futther period of time if a new owner so requires, subject to negoatiation
Reasons for selling: The vendor is planning his retirement
Financing available: Not Disclosed
Inventory / Stock value: Not Disclosed

Real Estate

Ownership: yes
Will owner sell real estate?: yes
Included in asking price?: yes
Value: 1 £
Location: This is a substantial and extremely well maintained detached freehold commercial property which occupies a good position in a mixed residential and commercial quarter of the town. Ground Floor- Well appointed open plan 3-Bay garage workshop with 3 vehicle ramps, engine hoist etc. Adjoining dedicated body repair and paint shop with 1 vehicle ramp, body jig, plasma cutter, welding bay and purpose built spray bake oven. At the front of the building is the reception area, front office, customer toilet, staff toilets and control room. First Floor- 2 offices and staff restroom/kitchen Basement- Paint store and mixing room, compressor store and parts store The business has lots of parking on site to the front, side and rear. It is understood there is parking for well in excess of 50 vehicles.

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