Bodyshops
Business Listing
- Location: ENG East Midlands
Turnover £1m - £10m
Ref: B1297
Business description
The company is a commercial body shop, offering vehicle maintenance services and repairs to clients within the commercial sector.
Services include the repair of trucks and trailers, refurbishment, insurance works collection and delivery, chassis straightening and painting.
The company carries out all repairs including, sidewalls, bulkheads, new roofs, fitted curtains and specialist fridge pairs.
The shareholder is offering the business for sale as they wish to undertake
alternative business opportunities within unrelated sectors.
Offers invited.
Highlights
- Undertakes a large portion of works for rental companies and accident repairs, specialising in heavy commercial vehicles, vans and trailers.
- Over 90% client retention, with clients including Dawson Rentals, DHL, Kuehne & Nagel, Aviva and Ryder Plc.
- Operates from a leasehold 7,000 sq ft property based in the Midlands, close to southern counties.
- Gained both Fleetwatch and Chereau approval in the last 7 years.
- Ideal opportunity for credit brokerage or leasing company to diversify their current customer base.
Financials
| |
Turnover (£'000) |
Adjusted EBITDA (£'000) |
| 2020 (Actual) |
1,116 |
452 |
| 2021 (Actual) |
1,279 |
389 |
| 2022 (Actual) |
1,478 |
636 |
| 2023 (Actual) |
1,661 |
735 |
- YE23 turnover of £1.61 million, with an adjusted EBITDA of c£735k.
- Shareholder funds in excess of £2 million in the same year.
- Average gross profit margin of 68% between YE20 and YE23.
- From YE20 to YE23, the adjusted EBITDA margin was 40%.