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SOLD OR WITHDRAWN FROM THE MARKET
Advert pending deletion

Busy Vehicle Repair & Recovery Business

Norwich, Norfolk
Leasehold Price:
£33,000
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Status
SOLD / WITHDRAWN
Advert ID
217040
Reference
2492 A / Rightbiz

Details

Business
Hilton Smythe is delighted to welcome to the market this well-established and busy vehicle repair and recovery business in Norwich, Norfolk. The business was established by our client in 2013 but is only now being offered to the market due to our clients other business interests. The business operates 6 days per week and generates a turnover in the region of £85,000 per annum, with a gross profit of approximately 46%. Our client offers a variety of services including vehicle recovery, repairs, MOT preparation, tyre and air conditioning repairs and car services, which are for most makes and models, including light commercial vehicles. The business has built up an excellent reputation within the area for the high quality of the services offered, which has resulted in a very loyal client base with a high volume of repeat trade and word of mouth referrals. We are advised the business has applied for planning for a MOT testing bay, which if successful will boost trade. A new owner could embark on a modest marketing campaign to highlight the business and services offered. There is already an informative website in place to promote the business at www.norfolkautos-ltd.co.uk. This is an excellent opportunity for a new owner to take this already thriving business to the next level; therefore early viewing must come highly recommended to avoid disappointment.

Location
Norfolk Autos Ltd occupies substantial premises, ideally located on a busy industrial estate in Norwich, Norfolk. This is a fantastic location for the garage trade. In the area is a great amount of complementary businesses such as other garages, taxi firms and more. The business benefits from parking spaces on the estate for vehicles awaiting repair and other custom. The industrial estate is located just off Guardian Road, which is a main A-road that circles Norwich town centre. This road allows for a heavy amount of footfall and huge amounts of passing trade. The business is approximately 2.5 miles away from Norwich town. This allows for great public transport links, there are bus stops just a short walk from the business. Norwich airport is also a short drive away.

Premises
Large two storey premise, briefly comprising: Large open plan garage workshop with: Shutter doors to the front.1 x four post ramp.Compressor.Air lines to each ramp.Welder.Miscellaneous tools. On the second floor is the reception/office area there is also the viewing area which has a view over the workshop. There is also a staff kitchen and toilet on this floor.

Tenure
We are advised Leasehold: Original lease length: New 5 year lease availableRemaining lease length: 5 yearsReview every: 5 yearsRent: £800 per month

Hours
The business is open: Monday – Saturday: 8.30am – 5.30pmSunday: 9am – 4pm Appointments only.

Staff
The business is owner run and managed with 2 x full time staff members.

Financial Profile
The business generates a turnover in the region of £85,000 per annum, with a gross profit of approximately 46%.

Seller Details
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Listing Details
Leasehold Price: £33,000
Tenure: Leasehold
Sector: Motor Businesses, Garage Businesses, Workshops
Financials
Annual Turnover: £85,000
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Location Statistics
What's nearbyi:
Tickles (approx. 0 mile)
Aldridge Lansdell (approx. 0 mile)
Travel by Gavin (approx. 0 mile)
The Cock Bridge (approx. 0.3 mile)
The Oak, the Lost in Translation Circus Centre (approx. 0.3 mile)
Saint Michaels Coslany Church (approx. 0.3 mile)
Ihsan Mosque and Islamic Centre (approx. 0.4 mile)
Gildencroft Park (approx. 0.5 mile)
Saint Augustine's (approx. 0.5 mile)
Mr. Smith’s Barbershop (approx. 0.5 mile)
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