An independent BMW garage set up with the aim of providing great local competition to the main dealerships has been sold off to one of its staff members in a management buyout.
Brunswick Garage in London was established five years ago by Andy Savva, who promised to offer facilities, technical expertise and customer service that were as good if not better than those provided by franchised centres.
The garage has been sold to Nick Germanou, who had worked with Mr Savva for more than a decade, and an unnamed investor. When taking on a new garage business or expanding your existing enterprise, make sure you have the right level of motor trade insurance and road risks insurance in place to protect both your own interests and your customers.
Mr Savva told AM Online: “I had offers from various large groups to buy the business and that’s when I started to consider selling, but I’m really pleased that Nick is the one that’s going to be carrying things on. We share the same philosophy and I know my legacy is in good hands.”
The Brunswick Garage uses official BMW parts and prides itself on great customer service to ensure return trade from its clients. Mr Savva says the business has achieved 18 to 20 per cent year on year growth rates since he set it up, and he is leaving a business in which he has “a great deal of pride”.
He is now leaving the repair industry to concentrate on a career as a consultant and speaker for the automotive sector.
New owner, Mr Germanou said: “I’ve worked for Andy for over 14 years. I look forward to continuing the service provided to our customers during the last five years, and the investment Andy has placed on staff development/training and equipment.”