Car/Van Hire Businesses for sale in Winchester

View the "SELF DRIVE CAR & VAN HIRE ON ISLE OF WIGHT" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.

SELF DRIVE CAR & VAN HIRE ON ISLE OF WIGHT

Winchester, Hampshire, England

  • Leasehold Price: £395,000
  • Annual Turnover: £277,000
Seller Reference: HW1283
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Business Description
 
 
Image 1 of 2 video_library
Seller Reference: HW1283
Request Details
Business Description
RELOCATABLE WITH OPTION TO BUY 1.2 ACRE FREEHOLD DEVELOPMENT SITE (See photo 2)
ESTABLISHED 1978
T/O 2005/06 £240k
PROVISIONAL T/O 2006/07 £277k
MODERN CAR FLEET (AVERAGE 40-45)
COMMERCIAL VEHICLE FLEET (AVERAGE 20)
FLEET MAY BE INCLUDED OR EXCLUDED CURRENT VALUE c.£275-300k
Number of employees:
There is one full time member of staff and two part-time.
Tenure:
Leasehold
Location Details:
This independent, profitable and established self-drive car and commercial vehicle hire business currently operates from leasehold premises in Shanklin, on the Isle of Wight. It represents a superb opportunity to acquire an established and profitable business with excellent growth prospects.
Although the business is currently trading from a large victorian property in Shanklin, the Vendors are relocating the business onto a valuable freehold sire of 1.2 acres (see Photo 2). This site with substantial development potential, may be available for sale by separate negotiation. The new site enjoys a highly prominent location on one of the main thoroughfares across the island, neighbouring a national supermarket.
Leasehold Term:
The balance of a 999 year lease is owned by one of the Vendors who will create a sub-lease on favourable terms to be negotiated with the buyer at an initial annual rent of £15,000.
Is this business relocatable:
Yes
Listed by:
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