Lakey & Co
South West
Lakey & Co Established 1983

BUSINESS FOR SALE

REF NO: M468SW PRICE: £29,950

 

SPECIALIST MOTOR BODYWORK BUSINESS

SOUTH WEST BASED
TO BE RELOCATED WITHIN AREA OF OPERATION


LOCATION
At present based in Devon, this business operates within a radius of about 50 miles from the base. It is to be relocated, ideally within the present area of operation, giving a purchaser the choice of location, in a town, village or countryside. There are good major road links in this part of Devon and neighbouring counties, allowing easy access to the whole area covered.

DESCRIPTION
This business involves the fitting and repair of all types of vehicle sunroofs. The present owner established the business in 1984, and runs it from home, since most of the work is carried out at the customer's premises. A garage or workshop is needed for the occasional job that is undertaken at home, and a domestic garage, as used at present, would normally be adequate for this.

All types of sunroof are fitted, from the simple pop up type to the most complicated electrical system. Approximately 80% of business is from the trade - garages arranging sunroof fittings on new cars for customers who have requested them. Contrary to popular belief, there is a flourishing demand for sunroofs from the many owners who prefer their car to have a sunroof as well as air conditioning system, which is now quite often fitted as standard. The rest of the work comes from the general public, by personal recommendation and in response to the small amount of advertising undertaken.

We are informed that there is no similar service operating in the area covered, and there is plenty of potential for further growth, if required. If new owners elected to employ staff, theycould expand the area covered and possibly add on complementary services such as car hood replacements and car alarm fitting.

BUSINESS
The annual turnover has risen steadily, to over £101,000 in 2003, generating an operating net profit of over £46,700. The business is for sale as the owner wishes to eventually live abroad. However, he is willing to give training and on-going support, even to the extent of continuing to work for a new owner if required, possibly for up to about 12 months.

AGENT'S COMMENTS
Now under-priced in order to achieve a quick sale, this very profitable home-based business provides a rare opportunity for anyone with motor or bodywork experience or interest. Already very busy serving regular customers in a large area with no competition, this business has great possibilities for further expansion if required.

NOTE:
All purchase prices are plus stock at valuation if appropriate.
Key to abbreviations L/U is Lock Up, F/H Freehold, L/H Leasehold. O.n.p. is operating net profit, i.e. profit with expenses (common to any operator) paid but before depreciation (a non cash item) or drawings.