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Specialising in Saab Servicing and Repairs
One of the largest and longest established

Ref. AL250

Location : East Anglia and UK wide

Asking Price : £184,950 plus SAV

Turnover : £700,000

Net Profit : £61,500

Gross Profit : Undeclared

EBITDA : Undeclared

Net Asset : Undeclared

Premises : Relocatable

Confidentially offered for sale


  • Turner Butler

Next Step, Please submit Confidentiality Form/NDA Online 

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Turnover: £700,000
Net Profit: £61,500
Gross Profit: after wages and subcontractors c. 17.3%

Asking price includes:

Turnover of c. £700,000
Adjusted Net Profit £61,500
30 years established
A team with 150 years combined Saab experience
Very strong internet presence
Over 10,000 vehicles serviced to date
Nationwide customer data base
3 workshops covering 3,000 sq. ft.

Introduction:

Turner Butler has been appointed to invite offers of purchase for the assets and goodwill of one of the largest and longest Classic Car servicing centres in the UK.

Business Profile

The business was first established in 1986. The vastly experienced team have unique knowledge of the Saab Marque. Customers travel the length and breadth of the country to benefit from the wealth of brand knowledge. The business has exclusive rights on many products including the QUAIFE limited slip differential.

Customer Service:

There`s definitely a motoring community feel around this business. It`s very well known and trusted. The close attention to customer service has led to its excellent long standing reputation.

Key strengths:

The team has over 150 years combined Saab experience. All the mechanics have been specifically trained to work on Saab`s. They possess a unique set of skills in building Saab engines and gearboxes.

Financial performance:

The goodwill in the business is being offered for sale on a going concern basis. All financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.

Turnover c. £700,000
Gross profit, after wages and subcontractors c. 17.3%
Equipment c. £5,000
Adjusted net profit c. £ 61,500

Asking Price:

The asking price of £184,950 + SAV is for the goodwill of this sole trader. The current stock, SAAB parts, stainless steel exhausts (unique to this business) etc. is valued at approximately £50,00.

Advertising and Marketing:

The current advertising spend is only £4,000 per annum. The new owners might consider increasing presence in the many Classic Car magazines displaying at various trade shows and exhibitions.

Growth and Expansion:

The current owners feel that the business is in an excellent position of strength to facilitate growth and expansion. Classic Car spend is growing rapidly. This is borne out by the attendance numbers at the many exhibitions currently aimed
at the Classic Car fraternity. The N.E.C. Classic restoration shows and The SAAB Owners Club all present great opportunities to attract regular new business.

Premises:

The business currently trades from three workshops expanding over 3,000 sq. ft. The purchaser of this business might already have premises in which case this business can be fully relocated.

Employees:

The business currently employs 7 operational staff who can manage it on a day to day basis.

Support and Training:

This should be a relatively simple business as the vendor has put in place 2 experienced workshop Supervisors and a long standing experienced Secretary to manage on a day by day basis.

Reason for Sale:

Retirement

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.

Looking for finance ?

If you are looking for finance to fund your business purchase then we recommend that you talk with our independent finance broker. Because of his many years working at a senior level for a major high street bank he has had more success with finance applications than anyone else we know. He has helped numerous purchasers of businesses that we are selling, including buyers who have been turned down by their own bank! Call us today on 0800 046 1652 or email us at finance@turnerbutler.co.uk

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.

For the avoidance of doubt there is no intention to create a legal relationship which will only come into existence when a written contract for sale and purchase of the shares in or the Business has been entered into

The Information provided is not intended to address your particular requirements. Further the Information does not constitute any form of advice recommendation representation endorsement or arrangement by Turner Butler and is not intended to be relied upon in making (or refraining from making) any specific decisions.

Any agreements transactions or other arrangements made between you and any client of Turner Butler are at your sole risk and responsibility. The prospective sellers of the Business have provided the Information to Turner Butler. The Information has not been verified by Turner Butler.

You must carry out your own due diligence and satisfy yourself as to the accuracy of all matters. In the case of the sale of shares in a Business the Information has been prepared on the basis that the shares will consist of or include more than 50% of the voting shares and that both the seller and the buyer is either a body corporate, a partnership, a single individual or a group of connected individuals so as to fall outside the scope of regulated activities as defined by the Financial Services and Markets Act 2000. If you are considering a transaction which falls within the scope of such regulated activities you cannot do so through Turner Butler.

Appropriate professional, legal and accountancy advice should be obtained before making or refraining to make any decision.

Turner Butler does not accept any responsibility or liability for loss or damage of any nature that may occur by reliance on the Information. Neither Turner Butler nor any of our employees or agents makes any representation as to the completeness or accuracy of the Information nor do we accept any liability for any losses, costs, liabilities or expenses which may arise directly or indirectly from your use of, or reliance on the Information.

This document is governed by and shall be construed in accordance with English Law and any dispute arising in connection with it shall be subject to the non-exclusive jurisdiction of the English courts

Turner Butler
Ickenham House, 2-4 High Road, Ickenham, Middlesex, UB10 8LJ
Telephone 01895 25 6000 Facsimile 01895 678532
info@turnerbutler.co.uk
www.turnerbutler.co.uk