Classic Vehicle Restoration And Repair for Sale
Freehold : £ 50,000
Turnover : £ 6,000 p.w.
4500 sq ft workshop in a very good location - well cared for unit next to a parts supplier at the end of an estate, so discrete location well suited to the value of the vehicles worked upon. We do not need drive-by business due to our specialism and customers cover a wide geographic base through internet and magazine advertising, plus attendance at key VW shows across the year.
Lots of designated parking spaces at office side, plus space at rear of unit. Unit has CCTV, fire alarm and burglar alarms in place, shutters, bollards etc for enhanced security.
Specialising in Classic Volkswagens with a SIGNIFICANT WAITING LIST (over a year) for restos and paint (all estimates prepared already), we are also equipped to repair/restore most classic vehicles and many modern marques too.
Turnover has increased year on year as follows:
2015-16: £314000 (pending accounts)
There is scope to bring the turnover up even further.
Restoration work is undertaken at between £40-£45 per hour and mechanical work is £50 per hour - all + VAT.
PLEASE NOTE THE PRICE ABOVE HAS BEEN INCLUDED AS A FIGURE HAD TO BE ADDED TO THE LISTING - The business is available for outright sale, goodwill sale or premises/equipment only - several options are available including continuing with existing set up and staff, intellectual property (including trademark, website), tenure, garage equipment, recovery truck, clothing brand and waiting list for sale. The existing Operational Director/Lead Mechanic is available to remain in the business for up to a year following sale to ensure a smooth hand over, on a Mechanic's salary. Office staff may also be available to assist in the paperwork side and a Book Keeper and Accountant are already utilised and can continue to service the business if required.
THE ABOVE FLEXIBILITY WILL AFFECT THE SALE PRICE OF THE BUSINESS.
||8-6 Mon to Fri, 8-1 Saturday.
Closed Bank Holidays and between Christmas and New Year.
||Joint Directors (Husband and Wife) + 4 Workshop staff mixed between employed and self employed - all well experienced in restoration, wife runs the office. We have employed up to 6 workshop staff at one time previously and there is scope and space to do this again. There are well appointed upstairs offices, three toilets, a kitchen and clean storage space (could potentially sub let or run upholstery etc on site) - and the workshop is fitted with a paint booth with ventilation plus two hydraulic ramps.
||Three and a half years remaining on the lease which is permitted for transfer to a different name if required. £30k per annum + insurance and service charges. May be scope to negotiate better rates as currently on a sliding scale. Small business relief from Local Authority may also be available.