Motor body repair business for sale in Reading Berkshire with workshop and equipment available
Reading, Berkshire
- Status
FOR SALE
- Advert ID
651316
- Reference
DT5224 / Rightbiz
- Call Agent:
- Leasehold: £65,000
- Rent: £27,000 (£2,250 per month)
- Turnover: £165,933 (£3,191 per week)
- Profit: £22,500 (14% Profit margin)
Key Features
- Independent technician network
- Prime location with lease
- Reputable industry presence
- Spacious workshop environment
Business Details
Established Motor Body Repair Business For Sale – Spray Booth, Ramp & Workshop Premises To Let
Long-established independent automotive body repair and paint business operating from a well-known premises in Burghfield Bridge, Reading.
Lake Autos has traded with the current owners operating the business for around 31 years. The business has built up a strong local reputation and undertakes a mixture of retail/public, insurance and trade-related work.
The owners are now seeking retirement and are offering the business assets and goodwill for sale whilst retaining ownership of the freehold premises and granting a new lease to the purchaser.
The premises extend to approximately 1,648 sq.ft and briefly comprise ground floor workshop, reception area, office, separate paint/spray booth room (“oven”), compressor room, tool room, WC facilities, mezzanine storage, roller shutter access and external parking/yard area.
The sale includes key workshop equipment including:
- Spray booth oven
- Ramp
- Press up/pulling equipment
- “Spin Easy” body repair system
The premises benefit from:
- Three-phase power
- Extraction system
- CCTV system
- External parking for multiple vehicles
- Established motor trade location
Headline financial figures include turnover of approximately £165,933 together with gross profit of approximately £103,867.
Following adjustment for market rent, staffing and other normalising costs, the agents believe the business demonstrates a maintainable adjusted net profit in the region of approximately £22,500 per annum, whilst still offering strong owner-operator earning potential.
The business is currently operated as a working partnership with no staff and is therefore likely to suit an owner-operator, body repair specialist, smart repair operator or existing automotive operator seeking an additional site.
The owners have also suggested the premises may have potential suitability for MOT-related operations, subject to all necessary consents.
A new lease is to be granted to the purchaser at £27,000 per annum exclusive.
EPC currently being arranged.
Strictly by appointment only through the sole agents.
Contact Agent
Particulars / More Information
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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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