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Kit Car Garage, Well-Established and Fully Equipped!

Coventry, West Midlands, England

  • Leasehold Price: £200,000
Seller Reference: 2035
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Business Description
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Seller Reference: 2035
Request Details
Business Description
Business Description:

Silk Letting Ltd presents a fantastic opportunity to purchase a profitable and successful Kit Car building business.  Established in 1990, the business has been operating for 30 years in which time it has built up an impressive reputation and a large, loyal client base within the progressively increasing Kit Car Industry. 

This well-established Kit Car business specialises in low-volume manufacturing, leading to the completion of unfinished and total builds of Kit Car projects, nationwide. Our client also builds and restores some classic and smaller Formula Race Cars.  
The owner notes that the specialised build of Kit Cars starts from whatever percentage the customer may have achieved on their own, for it then to be returned as a ‘turn-key’ car. (“Your babe’s ready to go”  – the owner preaches proudly).
Our client and current business owner is a knowledgeable qualified engineer, with considerable years’ experience within the motor industry. The business offers a full, realistic, and achievable catalogue of services which include a fully itemised estimate of work required and all forms of cost for the following:

An IVA Examination, Transportation, DVLA registration fee and road fund licencing costs that, allow the project to be used on the public highway.
This cost estimation is then sent to all customers to help them realise a full budget of costs for their completed ‘turn-key’ project.
A comprehensive project collection service is offered with, all parts boxed with an itinerary list of both parts supplied, and required, to ensure the smooth and efficient construction to the customer’s satisfaction.Our client is focused on achieving a high-quality service of professional completion, ensuring customer peace of mind and satisfaction on collection. The client offers re-delivery but has found that 99% of customers insist on driving their Kit Car home, realising they now have ‘turn-key’ Kit Car, ready to drive.

Services Offered:

This unique business on the market offers a wide range of high quality and professional workshop services covering all aspects of the Kit Car industry from:

Fully functioning website offering information about all makes and models and the client service.
New engines, gearboxes and all parts connected with the projects.                                     
In-house fabrication service: (structural modifications to suit all marks). 
Manufacture of bespoke polished stainless steel exhaust system and all forms of welding, including nonferrous.                                                                    
A top-quality bespoke service of any special interior trimming and finishing.                       
Qualified electrical work, in the interest of safety, of all aspects with Kit Car electrics.          
Fully certified (including I V A Certified) and registered Kit Cars with completed paperwork process allowing for highway use.                            
Chassis manufacture or modifications to suit suspension updates, engine, gearbox, and axles.           
Model upgrades: ECU, Injection, lambda sensor, all forms of catalytic converters.
Windscreens, fitting, heating, Top tint, and shading.  
To fully complement all completed projects, a service of high-quality body and paintwork is also offered.     
Fitted with new number plates.
Returned with a full fuel tank - (Drive your Kit Car-away!)
A 6-month itemised hand over is available and provided by the owner.  They wish to share their knowledge and experience with the new owner to ensure the successful running, reputation, and growth of the business.

The business is situated in a prime location of industry. The strategically placed unit has the benefit of easy entry to the industrial estate, secured within a 15-minute drive from Coventry City Centre and is surrounded by lots of local amenities. These include a petrol station, Post Office, supermarkets, Train Station, and other public transportation all within an easy walking distance of the property. There is a service road directly in front of the unit, for (free parking specifically for the Unit) and a free main car park is shared with the unit next door. This is located directly next to the premises making the property easily accessible to customers seeking to use the services. The property is within a walking distance of:

•          The A45 Road 

•            Petrol Station 

•          Bus and Coach Station

•          Post Office, shops, and supermarkets

•          Train station

Close to the A45, the premises offer excellent commuting as it is within the immediate vicinity of the N.E.C, leading directly to the M42, M40, M5, M6 or the M1 (North and South) and surrounding areas of both Scotland and London. This location satisfies clients who are nationwide.

Some of our client’s fantastic projects:
This business has created, completed, and renovated a range of professionally built Kit Car projects to customers specifications. Some of the Kit Car builds received challenging, modifications, upgrades and others were transformed into fully road-legal Cars.  Below is a list of the completed projects:                

Gardner Douglas 6Ltr V8 302 Ford Motor 600BHP
Pilgrim Sumo Chevy 5.5 V8 Motor 500 BHP (All Cobra Type Kits)
Dax 427 and Chevy 6.0 V8 Motor 5500 BHP                         
Jaguar C and D Type kits 4.2 Motor 250 BHP
Sin R1 and R1 GT
Dax Rush 2.5 Cosworth V6 Motor   260 BHP
Dax Rush 1600, Turbo Hayabusa Motor 600 BHP
Westfield SE Race Car kits, varying 290 to 300 BHP (All 7 Type Kits)
Luego velocity 190 BHP                                        
Westfield Mega busa 200 BHP
Porsche 356 Speedster (Twin Carbs & Porch Fan) 190BHP (2 door Coupe)

Security features:
The Building has 24 Hour security Monitored CCTV Cameras Xs4 and is security alarmed, both inside @ 200 Db (not ignored) and outside with a 90Db with Blue flashing Lights (to be seen) also has Police funded attendance.

A full list of provided assets is available upon request.

Financial Profile:
Asking price: £200,000
Leasehold Annual Rent: £10,800
Length of Lease: No limit

Handover period: 6 months as indicated by the current owner.

Business rates: Our client is currently under small business rates relief.

Reason for Sale:

Our client is regrettably selling due to his desire to retire, making it an exciting opportunity for a new owner to enjoy the fantastic reputation and professionalism that the well-established business has built in the past 25 years.

Opening Hours:

Monday-Friday    8:00 to 17:00

Saturday              8:00 to 13:00

Sunday                9:00 to 12:00

Growth potential:

Create social media platforms to reach more customers
Marketing and advertising campaign to develop social media platforms and increase the interested clients

Reason to buy:

A variety of professional services
Specialized in kit cars
Possible growth potential
Hand over period available
Prime location
Parking available
No competitors
Well Established

Highly regarded as the market leader, this business will suit any owner looking for a business that is well established with all the groundwork already put in. There is already a large client base and a respected reputation which has been built over the last 30 years. Customer testimonials are available to support these claims.

What are you waiting?
This is a fantastic opportunity that is not to be missed. Viewings are by appointment only and all enquiries are to be directed to Silk Letting.

Contact Mounif at Silk Letting Ltd on 01615079791 or to secure your viewing today
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