Close

Choose your country

Or view all businesses for sale

Worldwide

Advertisement

Established Classic Car Restoration And Storage In Colchester For Sale

Colchester, Essex, UK
Asking Price:
£100K - £200K Inventory / Stock included
Turnover:
£100K - £200K
Net Profit:
£50K - £100K

Small but profitable business consisting of two related enterprises.

One. fully equipped classic car restoration workshop. This business was established in 1987, has many long-term clients, and has an excellent reputation (all 5-star Google reviews).

Two. high-security vehicle storage unit on the same site.

The income from the storage facility more than covers the rents for both premises; therefore, car restoration income is mostly profit.

Currently operating as a sole trader and trying to keep below the VAT threshold keeps my clients happy.

The buyer will need to be proficient in classic car restoration and servicing.

Property Information

Property:

Leasehold

Lease Terms:

Rolling contract

Leasehold Rent:

£9,600 per annum

Location:

Rural

Premises Details:

One 18 x 9m workshop. One 12 x 9m storage unit, Two x 40" shipping containers, one 28 x 10' office.
Business rates are £0.

Business Operation

Expansion Potential:

I am semi-retired so enjoy working on my own but have had up to four employees in the past.

Reasons for selling:

Retiring

Trading hours:

Monday- Friday 9am-5:30pm

Employees:
0
Years established:
37

Other Information

Support & training:

Will obviously assist in handover

Furniture / Fixtures value:
£30,000
Inventory / Stock value:
£2,000 - included in the asking price