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8677B WEST MIDLANDS F\H£375000 FREEHOLD CAR BODY SHOP

Asking Price: GBP 375000

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Business Location:	United Kingdom » Others » WEST MIDLANDS

Category:	Services » Auto Repair, Parts & Services

Description:

LOCATION
The Business is ideally located within a commercial area in West Bromwich with many residential
properties nearby as well as large numbers of offices and factories.
The Body Shop has the free of charge use of a large car park immediately opposite the premises; this
can accommodate approximately 15 cars. There is also no restriction for on street parking nearby.
ASKING PRICE:
FREEHOLD: £375,000 + SAV
THE BUSINESS
Advent Business Sales is pleased to have
been instructed to offer to the market this
very well established and profitable freehold
car body shop together with additional
premises, with A3 permission to convert into
a café/takeaway.
The business, which has been established for
over 6 years and been in the hands of our
vendor for 1½ years.
The owner is only reluctantly offering the
freehold for sale as he feels that he is unable
to cope with the very rapid expansion which
the business is presently undergoing.
The Body Shop carries out repairs to all
models and makes of cars and vans and has
very regular work from local businesses as
well as local retail customers, many of which
come via personal recommendations.
The business employs 4 full time members of
staff including the vendor and 1 part time
who works approximately 25 hours per
week.
The vendor is able and willing to stay and
work in the business or even to sell a portion
of it to an experienced operator who would
develop and grow it and take it to the next
level.
FINANCIAL INFORMATION
We have been advised by the vendor of the
following:
Annual sales: £112,631
Gross Profit: £88,482
Net Profit: £58,119
Accounts will be made available to
interested parties after a viewing has taken
place.
Please let us know if you require finance for
the purchase of a business.
BUSINESS PREMISES
Roller shutter door for vehicular entry and
side entry door for customer entry into main
garage area.
Side office with mezzanine storage over
Space within the body shop for approx 7
cars.
Equipment as required to include:
A compressor,
mig
gas welders,
jacks etc
A 2 poster ramp rear of body shop
is a large spray booth and oven
with fume extractor.
Rear kitchen and w/c.
Premises – A3 permission (café)
Premises are over 2 floors and are fully
UPVC double glazed throughout.
Centre entry door with stairs
immediately opposite.
Two large rooms on each floor with
a w/c on the ground floor.
The ideal arrangement would be for seating
on the first floor with kitchen, storage and
serving area on the ground floor.
TENURE: Freehold
We are advised that the annual business
rates are currently: £2,500

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Financial Information:

Annual gross sales: (GBP)	112631

Yearly Revenue: (GBP) Total yearly sales revenue	N/A

Net Profit: (GBP) Total profit before taxes	58119

General Information:

Business Area:

Year Established:	2006

Is Relocatable?:	No

Business closed or an asset sale :	No

Is Home based business?:	No

Real estate status:	Yes

Number of Employees:	4FT\1PT

No of trading hours:	Mon – Fri: 8.00am –7.00pm Sat: 8am – 1pm Sun: closed

Reasons for selling:	The owner is only reluctantly offering the freehold for sale as he feels that he is unable to cope with the very rapid expansion which the business is presently undergoing.

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