Fuengirola Fully Licensed Motor Vehicle Repair Shop For Sale

Business description

Long established, fully legal and licensed Vehicle Motor Repair Shop and Car Sales Centre. This business has undergone recent sizeable investment in equipment and installation to conform with the latest license criteria imposed by the Spanish Government, many garages operated and indeed sold on the Costa del Sol hold no license to trade whatsoever and are therefore very high risk investments, with this one we hold a copy of the license which was issued in March 2009.

The garage is a spacious 310m2, boasting four 2 post lifts and one ‘four ton’ 4 post lift. Equipment to the value of approximatly 70.000 euros is in place including diagnostic tuning, specialist tools, bearing presses, engine and gearbox lifts and supports, air conditioning refill system, wheel balancer, two type changers, industrial compressors to mention only part of the inventory. All equipment is new or less than 3 years old.

The premises are clean and ordered with full 3 phase electric and a new automatic fume extraction system. There is an office and customer reception area. Two entrance doors are an obvious added advantage. The current owner declares workshop repair income, which is constantly and steadily increasing and without advertising, between 17.000 and 20.000 euros per month, a profit of between 45 and 55% net is regularly achieved mainly due to the labour intensive work against very low overheads, for example electric usage averaging only 60 euros per month and current rent a very reasonable 1.200 euros per month. There are no business rates to pay or community charges, expensive employment taxes and social security are avoided by self employed status by the workers.

Two experienced mechanics who speak both English and Spanish, are available to stay on with a new owner if required and subject to terms. The present owner is also hands on in the business. A further employee looks after the accounts and clerical side. The garage takes on most general repairs to most makes of motor vehicle. 50% of regular clients are English speaking so the business is not solely supported by the British ex pat community. The addition of one or two more mechanics could be accommodated with the existing space available and workload. The revenue from the sale of motor vehicles is a very lucrative aspect of the business, the present owner is offering to pass on to a new owner a very exclusive contact source of first class motor vehicle stock ranging from the ‘bread and butter’ family saloon up to thoroughbred top mark vehicles. The vehicles are not imported, which seems the norm on the Costa del Sol, and which proves a popular alternative to a prospective and discerning buyer. Other streams of income come from contracting out motor vehicle body repairs which return a good income with no hands on involvement, also the business carries out vehicle transfers and arranges ITV’s (MOT’s).

The premises has a very good visible location easily found by new customers with a well known point of reference fronting one of Fuengirola’s most used roads only 20 metres away.

A very genuine reason for sale exists on this most professional and profitable business, the likes of which rarely come to the market. The transparency of this is obvious especially when viewing the business and meeting the seller. To further substantiate the businesses credibility the seller may offer the right buyer part finance of the purchase price on very inviting terms. Please note the asking price includes the latest trading license, a very valuable asset in itself, approximately 70.000 euros worth of tools and equipment, garage installations, considerable goodwill, support during transfer plus the valuable motor vehicle stock contacts and know how.

Books to prove trading figures are available at time of viewing.
Please respect the vendor only invites serious prospective buyers to view, to coin a motor trade phrase – no time wasters and tyre kickers please!

Property information

Real Estate:

Lease

Location:

Good site. Easy to find.

Premises details:

Well maintained.

Other information

Support & training:

Full support during transfer.

Reasons for selling:

Other business opportunity.

Inventory / Stock value:

€70,000 (included in the asking price)