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Deal Opportunities.co.uk

the UK marketplace for company sales

Commercial HGV maintenance & repair / secure parking

Reference
S7518
Turnover
£1m to £2m
Sector(s)
Automotive, Miscellaneous
Region(s)
South East England
Added
23 February 2021

Business description

The company provides vehicle maintenance, repair and MOTs for heavy commercial vehicles at its purpose-built workshop, which also features secure parking for 60 HGVs.

Catering to more than 70 active clients, all of whom provide reliable, repeat business on an ongoing basis, the company has developed an excellent industry reputation and is a franchise for a major HGV manufacturer.

Our clients are now offering the company for sale to facilitate their retirement.

Offers invited.

Highlights

  • On-site DVSA-approved and VOSA-accredited testing and tachograph facilities. 
  • Strong second tier management team. 
  • Operates from freehold premises, with planning permission granted for major expansion. 
  • Many opportunities for expansion, including the diversification of its service offering and the implementation of marketing activity. 
  • Currently in discussion with two new distribution centres to provide on- and off-site fleet maintenance services.

Financials

Turnover (£'000) Adjusted EBITDA (£'000)
2018 (Actual) 1,984 378
2019 (Actual) 2,045 448
2020 (Actual) 1,950 436
  • Turnover of £1.9 million in YE20.
  • Achieved an adjusted EBITDA of £436k in the same year. 
  • Gross profit margin of 40%. 
  • Shareholder funds rising year-on-year, reaching £981k in YE20.

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