Freehold Bodyshop Garage With Rental Income | | Undisclosed Hertfordshire | | HERTFORDSHIRE FREEHOLD BODYSHOP GARAGE WITH RENTAL INCOME Trading from a large ind est with complimentary businesses Good commercial & private c/m base Links with local franchised dealers A/T: £182,946 GP: 32% Ideal bolt on for existing operator Scope for website F/H: £499,950 +SAV REF: 9961EN | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 60250
ADVERT IMPRESSIONS : 24,861 TIME(S) | | | | BUSINESS SECTOR: | Motor & Transport | | TRADE TYPE: | Garages | | SALE: | Agent Sale | FREEHOLD: | £499950 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | • Sited on a large industrial estate with a range of small, medium and large businesses
• Many complimentary automotive businesses on the estate
• Unrestricted street parking
• Additional parking on the garage forecourt
HISTORY
• Business originally established by vendor some 30 years ago
• Trading from present freehold location since the mid 1990s
• Ongoing programme of investment to ensure appropriate industry standards are maintained
• Loyal repeat customer base nurtured over many years with many trade and personal contacts
• Excellent reputation as independent offering high quality work at reasonable prices
REASON FOR SALE
• Retirement
SERVICES
• Body repair and refinishing work on all vehicles up to Transit size
• MoT preparation
• Deliveries and collections undertaken
• Vehicles sales through forecourt (rented)
• Courtesy car provided
CUSTOMERS
• Mix of private and commercial customers with bias towards the former 70%/30%
• Some insurance work undertaken
• Franchised dealers with particular links with Nissan
• Local residents
• High repeat rate with loyal clientele
• Mainly attracted through word of mouth
SUPPLIERS
• Traditional wholesalers within the trade
STAFF
• Vendor
• Office Administrator
• Panel Beater
• Panel sprayer
• Assistant
TRADING HOURS
• Monday to Friday: 7.30am to 5pm
• Saturday: 8am to 12 Noon
• Sunday: Closed
FINANCIALS
• Annual turnover £182,946 (2009)
• Gross margin 32%
• Stock holding approximately £1,000
OVERHEADS
Staff £10,400 pa
Insurance £5,108 pa
PREMISES AND EQUIPMENT
• A large freehold garage unit, with 2 body shops, spray booth, oven, customer reception, offices, parking and hard standing
• Yard to side of main building
• Forecourt to front
• 2 offices
• Body shop with oven and jig
• Separate body shop/preparation area
• Fully compliant spray booth suitable for cars and vans
• 2 WCs
• Courtesy car
• Quantity of tooling and equipment
STRENGTHS
• Well established as repair and refinishing business with excellent local reputation
• Professional and fully trained staff
• Solid financial performance
• Good commercial and private customer base
• Freehold opportunity
• Rental income stream
SCOPE
• Business development activity has been extremely limited
• Introduction of website
• Could be ideal for buyer with insurance company approval seeking additional site
• Introduction of retail sales
• Potential to rent additional office space
• Considerable opportunities for cost savings for right buyer
TENURE
• Freehold
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: | 9961EN / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
