Leasehold Bodywork Repairs & Signage Established 80 Years For Sale

Business description

Advent Business Sales are pleased to have been instructed to offer to the market this exceptionally well established motor body repair garage and sign maker.

The business, which has been in the proud ownership of the present vendor for over 48 years, was founded over 80 years ago by his father and is only now being reluctantly offered for sale as he wishes to retire.

The business specialises in the repair or the replacement of damaged bodywork on cars or vans and also the manufacture of signs, principally commissioned by a well known brewery.

The vendor works full time in the business with the assistance of 1 part time self employed sign writer, who works on an as and when basis.

The motor repair work is almost exclusive to the locality, whereas the signs can be for any part of the country. All work received is either repeats or via word of mouth and personal recommendation, as no advertising of any sort is carried out.

The vendor is prepared to work for a new buyer for an agreed time to ensure a smooth transition and for customer and supplier introductions.

We are advised that stock at cost is approximately £1,000.
REF: 9289SG

Property information

Property:

Leasehold

Lease terms:

TENURE: Leasehold
Original lease: 15 years
Remaining lease: 1.5 years
Review every: 3 years
Rent: £9,500 P.A.

We are advised that the annual business rates are currently: £3,500

Location:

The business is situated in the centre of a large industrial estate in the affluent county of Hertfordshire. Nearby towns include Hertford, Cheshunt, Harlow and Hoddesdon.

The area has excellent road links as it is in the centre of the M11, M25 and A1 (M).

The business has 3 allocated car parking spaces with additional spaces available all around the estate.

Premises details:

BUSINESS PREMISES:
Single storey lock up premises which briefly comprises of:

Ground Floor
• Double width entry door into main workshop
• Side office
• 1 x 4 poster ramp
• Rear spray booth and oven
• Large rear workshop
• Rear kitchen and w/c

External
• Parking for approx 3 cars in front of premises, plus availability around the estate

Other information

Expansion potential:

The business is clearly successful, it does however still offer excellent scope to increase both sales and profits by:
1. Advertising and leaflet drops. If more local individuals and businesses were aware of his services, a considerably greater turnover could be achieved
2. The business could also carry out mechanical repairs, for which the hourly rate is usually more that bodywork
3. It would help if the business had its own website

Trading hours:

Mon-Fri: 7.30am – 5.00pm
Sat: 8.30am – 11.00am

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