Freehold Vehicle Body Shop For Sale
Business for sale
Asking Price:
£400,000
Turnover:
£112,651
Annual profit:
£58,119
Audited accounts:
Yes
Management accounts:
Yes
Business description
Advent Business Sales is pleased to have been instructed to offer to the market this very well established and profitable freehold car body shop together with additional premises, with A3 permission to convert into a café/takeaway.The business, which has been established for over 6 years and been in the hands of our vendor for 1½ years.
The owner is only reluctantly offering the freehold for sale as he feels that he is unable to cope with the very rapid expansion which the business is presently undergoing.
The Body Shop carries out repairs to all models and makes of cars and vans and has very regular work from local businesses as well as local retail customers, many of which come via personal recommendations.
The vendor is able and willing to stay and work in the business or even to sell a portion of it to an experienced operator who would develop and grow it and take it to the next level.
General Information
Employees:The business employs 4 full time members of staff including the vendor and 1 part time who works approximately 25 hours per week.
Trading hours:Mon – Fri: 8.00am –7.00pm, Sat: 8am – 1pm
Property:Freehold
Lease terms:TENURE: Freehold We are advised that the annual business rates are currently: £2,500
Living accomodation:Roller shutter door for vehicular entry and side entry door for customer entry into main garage area. Side office with mezzanine storage over Space within the body shop for approx 7 cars. Equipment as required to include: - A compressor, - mig - gas welders, - jacks etc - A 2 poster ramp rear of body shop is a large spray booth and oven with fume extractor. - Rear kitchen and w/c. Premises – A3 permission (café) Premises are over 2 floors and are fully UPVC double glazed throughout. - Centre entry door with stairs immediately opposite. - Two large rooms on each floor with a w/c on the ground floor. The ideal arrangement would be for seating on the first floor with kitchen, storage and serving area on the ground floor.
Location:The Business is ideally located within a commercial area in West Bromwich with many residential properties nearby as well as large numbers of offices and factories.
The Body Shop has the free of charge use of a large car park immediately opposite the premises; this can accommodate approximately 15 cars. There is also no restriction for on street parking nearby.
Expansion potential:The vendor already achieves excellent profit but both turnover and profit could be increased by: 1. Doing leaflet drops in the surrounding residential and commercial premises and requesting details be left on company notice boards 2. Moving the garage office into the A3 premises to be able to have additional working space available 3. Working more hours 4. Completing the work on the café and employing staff to manage it. There is virtually no competition.
Financing available:Please let us know if you require finance for the purchase of a business.
Employee details
Fulltime staff:
4
Parttime staff:
1
