Garages for sale in West Midlands

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Lucrative Body Work Repair Business

West Midlands, England

  • Leasehold Price: £800,000
  • Turnover: £3,000,000
  • Gross Profit: £346,372
Seller Reference: 1384-C J
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Business Description
 
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Seller Reference: 1384-C J
Request Details
Business Description
Business
Hilton Smythe are pleased to introduce to the market this bodywork repair business, a profitable concern which has been under the careful control of our client for a number of years.

The business has been based at its current location since 2006 and has grown and developed tremendously under our client’s direction, having forged a number of enviable agreements with insurance companies and other large corporate organisations.

Operating a successful body work repair centre, the business is fully equipped to provide the service on a mass scale, having had installed two bespoke spray booths costing around £100,000 each, paint mixing shop and unique extraction system costing circa £250,000 to comply with the local environmental health requirements.

The business benefits from two substantial workshop premises and communal yard which is utilised fully as motor vehicle storage.

The Business has numerous new high profile contractors, The business is continually growing and there are new state of the art units bolted on inside the business.

We are advised that our client would be more than willing to assist any new owner with a handover period to be negotiated.

Location
This busy bodywork repair business is situated within the West Midlands, ideally located next to a busy filling station, just off a main arterial road, with several transport links nearby.

Premises
The business premises are split into two workshop units briefly comprising;

Main workshop unit with reception area within glass partition to the right, with stairs leading to mezzanine level floor housing boardroom and storage space. The main workshop space is a fantastic size with two custom built spray booths to the rear aspect and paint mixing room adjoining. To the left, further storage area and WC.

The secondary workshop is of substantial size, housing some specialist welding equipment and other pieces of machinery. Externally, the secondary unit has a large yard area to the front aspect, with specially designed and constructed valet area.

Viewing must come highly recommended.

Tenure
Advised leasehold with rolling lease. Rent stated on the 2019 accounts to be £42,750 per annum.

Staff
In addition to our client, the business is operated with the assistance of 32 members of staff.

Financial Profile
Turnover stated to be £1,537,269 generating a gross profit of £384,327.

Tenure:
Leasehold
Listed by:
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