Established and Profitable Car Sales and Garage Business – Exceptional Reputation

With a proud history spanning 48 years, Gleam Clean Car Sales and Garage has built a stellar reputation in Broadwater, Worthing, for providing high-quality workmanship and reliable car sales. Known for its excellent customer service, the business enjoys a loyal customer base with a high volume of repeat clients. The business is perfectly positioned near the A27 and A24, with easy access to the centre of Worthing, attracting consistent traffic from the local area and beyond. Offering multiple revenue streams, Gleam Clean combines car sales, garage services, and valeting. The garage provides comprehensive services, vehicle repairs, diagnostics, and air conditioning servicing for all car types. They currently have an MOT bay, however they are currently not licenced to carry these out. The valeting services deliver exceptional results, offering full valets, engine steaming, and tailored cleaning options for a showroom-quality finish. This well-rounded operation has been designed for success, with each service contributing to its consistent and profitable performance. The business is now on the market due to the vendor’s decision to retire, presenting an exciting opportunity for a new owner to take over and continue its long-standing success.

THE PREMISES: The business is located over a large plot and comprises of several buildings. There is space for some 40 cars on the lot, which are used to display the car stock. On entering the site, the first building is the car sales office, which is a fully equipped office space and includes a number of desk with work terminals.  Adjacent to the sales office is the garage and MOT bays. The workshop has one MOT ramp for class 1-2-3-4-service and 2 further repair ramps. Beyond the main garage and towards the rear of the plot is a large store area and a separate building which is used for detailing and valeting. Towards the front of the plot is a separate purpose-built valeting building. The vendor has confirmed that all fixture and fittings are owned outright and apart from personal tools will be included in the sale. The premises are fitted with alarms and CCTV.

ACCOMMODATION: The business has the benefit of a self-contained 1-bedroom flat which is located above the car sales office. The flat is well appointed and includes a large living room, kitchen and bathroom. The expected rental for this flat is £780 per month.

TURNOVER: The business currently has 3 revenue streams, comprising of car sales, valeting and the MOT garage. The business is currently averaging an annual turnover of over £1.2 million and there are full trading figures available to bona fide purchasers. At present the business is fully staffed and consists of one full time sales manager, one qualified MOT mechanic and two vehicle valets. The business trades during the hours of 9:00 am to 5:30pm Monday-Friday and 8:30am -12pm on Saturday.

TENURE: The entire premises will be held on a new 15 year full repairing and insuring lease at a commencing rental of £75,000 per annum. Upward only rent reviews to take place every 5 years.   

RATES: The current rates payable are £2,500 per annum and the rateable value for the premises is £20,000 per annum. Prospective occupiers should make their own enquiries to verify same

GENERAL REMARKS: This business was personally inspected by the vendor’s joint selling agents and is very highly recommended. Established business with a proven turnover. Early Inspections Advised. Multiple revenue streams on a versatile plot.

PRICE: We are instructed to sell the assets of the company for £175,000 SAV (Stock estimated to be £200,000)

LEGAL FEES:  Each party to be responsible for their own legal costs.

VIEWING: On no account should any approach be made to the Manager or the staff without a prior appointment through the vendor’s agents, with Watkins Commercial on 01273 709090 or Justice & Co on 01903 251 600.

ENERGY PERFORMANCE CERTIFICATE: Our client has been informed an EPC should be made available for this property.

DISCLAIMER: Neither the Vendor nor the Agent gives or implies any warranty that the premises are fit for any particular use or that they comply with any relevant regulation or statutory requirement.

The agents have not tested any apparatus, equipment, fittings or services so cannot verify that they are in working order.  The buyer is advised to obtain verification from their solicitor or surveyor before proceeding with the purchase.

VAT: All prices and rents are quoted exclusive of VAT.  Any intending purchasers or lessees must satisfy themselves independently as to the incidence of VAT in respect of any transaction.

MORTGAGE  & FINANCIAL PLANNING: We shall be pleased to assist any purchaser in arranging finance to acquire this business or any other business you may be considering subject to status. 

Prop. Ref:               6843M

These particulars are believed to be correct but their accuracy is not guaranteed and they do not form any part of any contract

APPLICANTS CONFIDENTIALITY AGREEMENT

I understand and agree that any information regarding any business supplied to by Watkins Commercial will be kept strictly confidential.  I also undertake that I will:

i)                View businesses registered with Watkins Commercial by appointment only.

ii)               Not contact any owner, staff, suppliers, competitors or customers of any business registered with Watkins Commercial

iii)              Not pass on any information supplied by Watkins Commercial to any third party other than a professional advisor etc. Bank, solicitor, surveyor accountant, etc.

iv)              Submit any offers direct to Watkins Commercial with whom I will conduct all negotiations

v)               Be liable for any commission which would have been due to Watkins Commercial should I be party to negotiations or actions which seek to preclude, or are contrary to the interest of Watkins Commercial