Profitable Vehicle Repair Business in Yeovil Somerset Up for Sale

Description

Business type: vehicle repair and servicing garage

Location: Yeovil, Somerset

Established: 1992

Current ownership: original owner

Services

• Battery replacement
• Brake repairs
• Clutch repairs
• Air-conditioning re-gassing
• Engine tuning and conversions
• Exhaust repairs and replacement
• Cambelt replacement
• Suspension and steering repairs
• Fuel injection work
• Oil changes
• General vehicle servicing
• MOT arrangements

Financial information

Annual turnover: approximately £200,000

Gross profit: approximately 50%

Financial period quoted: 2015 accounts

Opening hours

• Monday to Friday: 8:30 am–5:30 pm
• Saturday: 8:30 am–12:30 pm

Trading schedule: five and a half days per week

Staff

Management: owner-run

Part-time employees: two

Premises

Number of interconnected units: two

Combined floor area: approximately 287 sq m

Site position: corner plot

Vehicle parking: approximately 18 spaces

Customer and office area

• Office
• Customer waiting area
• Service counter
• Computerised booking-in station

Unit 6

Tenure: freehold

• Large vehicle service and repair bay
• Four-post vehicle ramp
• Mezzanine storage area

Unit 5

Tenure: leasehold

Original lease term: three years

Lease remaining: one year

Annual rent: £7,200

Renewal arrangement: rolling three-year lease

• Large vehicle service and repair bay
• Four-post vehicle ramp

Connection between units: recently installed internal doorway

Customers

Local customer base: established

Repeat trade: regular

Referral source: customer recommendations

Development options

• Extend opening hours
• Increase local marketing
• Provide fleet servicing for taxi operators
• Secure servicing agreements with local businesses

Reason for sale

Relocation