Leasehold Auto Electrical Garage Business in Tunbridge Wells Kent with Prominent Location for Sale
Tunbridge Wells, Kent
- Status
FOR SALE
- Date Submitted:
28/04/21
- Advert ID
275788
- Reference
N945 / Rightbiz
- Call Agent:
- Leasehold: £95,000 (Stock at valuation)
- Rent: £15,600
- Turnover: £717,426 (£13,797 Per week)
- Net Profit: On request
Key Features
- Offers Invited
- Price Reduced
- High Turnover
- Retirement Sale
- Prime Location
- Established Business
- Accounts Available
- Fully Fitted
Business Details
LEASEHOLD AUTO ELECTRICAL GARAGE BUSINESS
PROMINENT LOCATION - 2 POST LIFT - 1,200 SQ/FT PLUS MEZZANINE - CUSTOMER PARKING - SAME HANDS 34 YEARS - 6 DELIVERY VANS INC
Location
These well appointed premises occupy a coveted trading location on the fringes of Tunbridge Wells within its main business retail parks alongside M&S, John Lewis, Next, T.K. Maxx, Asda and many more well known retail outlets. The business benefits from easy access to the A21 and draws trade from over a wide catchment area including the prestigious Knights Wood housing development (which is within 6 min walking distance).
Business
Well established, having been in the present hands for some 34 years and now only being marketed as a result of the Vendors wish to retire. Tremendous potential exist for more diagnostic work and general servicing.
Turnover
ACCOUNTS SHOW T/O £717,426 PA (YEAR END DEC. 2022)
Staff
Run by 2 partners and 4 full time staff WAGES - £80,455 P.A.
Hours
8.30am to 5.30pm Mon to Fri (8.30 to 1.00pm Sat) Closed Sun
Premises
Mid terraced light industrial unit with entrance to: Reception: Customer/Staff W.C and W/basin. Ground floor Area: 1,200 sq/ft. Vehicle access door to Workshop area: Fully equipped including 2 post lift, compressor, 2 testing machines, parts washer, ssand blaster,lathe, grinder, bench drill, numerous hand tools and hand testers. Mezzanine: with Store area: Staff room: with st/stl sink. OUTSIDE: 3 Parking Bays to front. Storage container. The sale to include the company name and website. There are also 6 delivery vans included in the sale
Tenure
New 5 year lease available to ingoing tenant. RENT - £18,000 P.A.
EPC Rating
Band D
Business Rates
Contact Agent
Listing Statistics
Contact the seller for more details, or book a viewing
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Contact seller
Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
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