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Garage Equipment Supplier in Vale of Glamorgan - Vehicle Testing & Servicing Solutions

Undisclosed, Vale of Glamorgan

CONFIDENTIAL SALE

  • Status

    FOR SALE

  • Date Submitted:

    27/02/23

  • Advert ID

    509062

  • Reference

    B07175 / Rightbiz

  • Call Agent:

    Registered members »

  • Asking Price: £500,000
  • Turnover: Not Applicable
  • Net Profit: Not Applicable

Business Details

Providers of Commercial and Heavy Goods Vehicle Testing and Servicing Equipment.

Business
Please quote reference B07175

Established in the 2010s, the company offered for sale has become one of the UK’s leading providers of commercial vehicle testing and servicing equipment for the commercial and heavy goods market. Currently based in Wales, the company supplies to garages, councils, and any other business that may benefit from having a workshop or testing facility. 

 

With over 50-years of collective experience, the company’s team of staff specialises in providing a turnkey solution, from specification through to installation and aftercare, that is tailored to clients’ needs. To this end, the company boasts a wealth of experience in project management, CAD drawings, installation, civil works, finance preparation, and equipment servicing. Available products include commercial brake testers, mobile brake testers, crane brake testers, pre-fabricated steel pits, DVSA authorised test lanes, headlight testing and alignment, wireless column lifts, scissor and 4 post lifts, pit jacks and play detectors, and gas and smoke analyser.  

The company has serviced many prestigious clients, including blue-chip companies such as DHL and Hermes, and public sector organisations such as the Royal Air Force and London Luton Airport.   

The company has a number of important gains to offer the prospective purchaser, including:  

  • A reputation for the highest quality products (e.g. DVSA-approved commercial brake testers); 
  • An impressive financial profile, with a projected turnover in excess of £1m in 2024. 
  • Relocatable and scalable business;  
  • The company carries stock worth between £100k-£160k, that can be included in the sale, pending a suitable offer;  
  • Ample scope for growth, e.g. expanding into manufacturing prefabricated steel pits, entering into direct contracts with the brake tester manufacturers, and employing service engineers to oversee maintenance contracts.  
Highlights 

  • Providers of commercial vehicle testing and servicing equipment for the commercial and heavy goods market, alongside a number of complementary services, such as project management, CAD drawings, installation, civil works, finance preparation, and equipment servicing; 
  • A prestigious client base amongst both public and private sector companies and organisations;  
  • A legislation- and DVSA-driven market;  
  • A reputation for high-quality products and a first-class service;  
  • Impressive financial profile, with a turnover projected in excess of £1 million in 2024; 
  • Relocatable and scalable;  
  • Ample scope for growth.  
 Opportunities 

  • Opportunity to introduce a service division, which would involve recruiting service engineers to oversee maintenance contracts; 
  • Potential to bring the manufacture of the pre-fabricated steel pits in-house.  
 

Additional Information 

The shareholder wishes to take a well-deserved retirement; they are amenable to a handover period to ensure business continuity.  

 



Location
Based in Wales



Premises
N/A



Tenure
Relocatable



Hours
Due to the nature of the business, it operates all year round. 



Staff
Further information can be made available. 



Financial Profile
  • 100% share sale
  • Prospective purchasers will be required to sign an NDA




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Stay Safe

Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.

Stay Safe

The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.

Stay Safe

Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.

Stay Safe

Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.

Stay Safe

Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.

Stay Safe

Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.

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The data showed regarding this advert 'Providers of Commercial and Heavy Goods Vehicle Testing and Servicing Equipment. - B07175 / Rightbiz' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.