Total of 18656 firms and businesses for sale today Saturday 27th April 2024
Sold. Contract Valeting Company
LISTING DETAILS
Firms For Sale ID:
34612
Vendor reference:
AM166
Vendor website:
BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
£349,000
Turnover / revenue:
£1,100,000
Net profit / cashflow:
£155,000
Years established:
14
Number of employees:
72
Employees / staffing:
The business employs the shareholder as a Director in the company. He is supported by 3 x regional managers, 2 x supervisors, 6 x floating staff and circa. 60 valeters plus 1 x administrator.
OTHER DETAILS
Reason for selling:
The vendor has a property abroad and has decided it is time to enjoy the fruits of his labour and spend more time with his family.
Support and training:
The owner would be happy to help with a smooth transfer of company ownership and to stay on for an agreed period, subject to negotiation, to help the new owners, if so required.
Business is relocatable:
Yes
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
BUSINESS DESCRIPTION
Contract Valeting Company
Ref. AM166
Location : South East, Relocatable
Asking Price : GBP 349,000
This well-established business has been successfully trading for over 14 years (3 years as a limited company) and was started by the current owner. The vendor identified an opportunity to establish a car park based hand car wash business and soon after won his first trade contract. His attention to detail underpinned with exceptional customer service has enabled him to grow his business at a sensible rate and he can proudly boast of never losing a contract through poor service. Supplying staff to a high number of car dealerships across the south east as well as trade contracts has enabled the business to grow and develop a sound, autonomous infrastructure. The company is now very well positioned as a well respected supplier of quality, well trained, professional staff serving the motor industry.
The business is well established and easy to run with no bad debts and a good cash flow. There are regular requests to quote for new contracts, which represents an excellent opportunity for new owners to take over the existing business and obtain their database of regular established high profile clients and enquiries.
The business would certainly benefit from a new injection of energy and business acumen to maximise the many opportunities at its disposal. Through choice, the vendor has been selective about the volume of work he has taken on over the last year.
Expansion Potential
The business is primed for expansion due to the volume of enquiries, the existing client data base and the increasing demand for immaculate vehicle presentation.
An existing valeting business could slot these contracts into its operation, leaving many of the operating costs behind and reaping the rewards for an economies of scale acquisition.
Market / Competition / Non-Competition Agreements
The business has maintained a constant presence in the marketplace and has benefitted from many referrals from existing clients. The customer database is comprehensive and would allow for both traditional mail, and e mail shots to existing clients and registered enquiries.