Bodywork & Mechanical Repair Shop | | Undisclosed Essex | | ESSEX FREEHOLD OR LEASEHOLD BODYWORK AND MECHANICAL REPAIR GARAGE Located in industrial est in densely populated area 4 Main contracts with insurance co/accident management A/T: circa £120,000 GP: £114,100 Large qty of equipment with fully integrated pain | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 51239
ADVERT IMPRESSIONS : 23,468 TIME(S) | | | | BUSINESS SECTOR: | Motor & Transport | | TRADE TYPE: | Garages | | SALE: | Agent Sale | FREEHOLD: | £200,000 | LEASEHOLD: | £45,000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | LOCATION
Trading from industrial estate of complementary businesses
Within densely populated urban area
Parking to front of unit
Lock up unit
HISTORY
Business established by vendor and brother 10 years ago
Freehold acquired in 2003
Links forged with accident management companies for crash repair work
Business sold and re-acquired within 12 months 2 years ago
Currently run solely by vendor
REASON FOR SALE
Vendor wishes to concentrate of alternative business priorities
SERVICES
Bulk of work is body repairs following crash damage for cars and vans
Some mechanical work undertaken where required
Routine servicing and mechanical work undertaken
CUSTOMERS
Contact with one major insurance company
Further 3 contracts with accident management companies
Small number of fleet customers
SUPPLIERS
Variety of trade based suppliers and wholesalers
STAFF
Run by vendor
TRADING HOURS
Weekdays open during office hours
Weekend work as contracts dictate
FINANCIALS
Turnover
2008 £191,274
2007 £254,236
We are advised that current turnover is circa £2,000 per week
Net profit 2008 £21,452
Net profit 2009 £41,843
OVERHEADS
Staff £30,203 pa
Gas / Electric £2,730
PREMISES AND EQUIPMENT
A lock up freehold garage unit in a former war munitions factory
Shuttered
Fully equipped and ventilated paint shop
Separate paint store
Bodywork jig
WC
Heavy duty compressor
Spot welder (£13,000 new and fully compliant with impending legislative changes)
Mezzanine floor above with office
STRENGTHS
Established business with 10 year trading history
All requisite equipment to undertake bodywork repairs in site
Available on freehold or leasehold basis
Excellent contracts with insurance and accident repair companies
Densely packed urban location
TENURE
Freehold or leasehold
Lease terms to be agreed
SCOPE
Development of further trade links to build up trade to former levels
Currently run at a pace to suit the vendors lifestyle
Business development activity has been extremely limited
DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967).
An Energy Performance Certificate will be made available upon request of further details where one is required for the business premises. | | | | | | FOR SALE | | | | | REFERENCE: | 9725RM / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
