Garages for sale in Lowestoft

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 The purchaser came to us from the advertisement on Daltons. 

Julie Ashcroft (March 2017)
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Leasehold Price: £150,000 Turnover: £861,304 Gross Profit: £237,713
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Business Description
BUSINESS
Hilton Smythe welcomes to the market Supreme Valet & Panel Masters Ltd, which was established in 1989 by our clients, who are now looking to sell due to a change in direction.

The business specialised in car body repairs, car valeting, re-sprays and light commercial vehicle sales. Sin

The volume and quality of vehicles together with the distance customers are prepared to travel is evidence of the quality of workmanship and the constant update of services on offer. Supreme are entrusted to maintain and repair the vehicles of many local companies, motor traders and major insurance companies.

Whatever your requirements, whether you have one or a small fleet, whether classic, prestige, commercial or sports, Supreme Valet & Panel Masters Ltd will give the right service at the right price.

Since 2001 Supreme have been the leading used van dealers in the Lowestoft/Great Yarmouth area, the business offers a wide range of vehicles at competitive prices, most vehicles only have one owner and the vehicles are prepared to the highest standard.

The indoor spray brake oven at Supreme has seen a varied selection of vehicles pass through its doors. Mini's to Rolls Royce's, commercial vehicles, boats, caravans and motor cycles painted to their owner’s specifications. No job is too large or small for Supreme. Whatever paint work the car requires, a small scratch, full respray, colour coding, accident repair or the fitting of a body kit, Supreme will be able to carry out all of these services.  

The Supreme Valeting department works to a standard second to none. Their valet services range from a wash and leather to the Supreme Full Valet. A 26-stage full valet which takes 5 hours plus a machine polish, to restore all stone chips touched in with matching paint.

The website is www.supremevans.co.uk

Hilton Smythe highly advise early viewing to avoid disappointment.

LOCATION
Supreme Valet & Panel Masters Ltd is located in Lowestoft within Suffolk on the South Lowestoft Industrial Estate close to other businesses including Robinsons VW and Seat dealers, Topps Tiles, Travis Perkins, Screwfix, Homebase and many other locally named companies.

There is parking immediately outside the premises and on the forecourt.

The South Lowestoft Industrial Estate is located directly off the A12 with links from Norwich and down to London and only a few hundred metres from the coast at Lowestoft.

PREMISES
Outside to the front is the garage forecourt for the commercial vehicle sales. This area has parking for a dozen or so vehicles, and gives access to the reception and to the main repair area.

Reception is accessed via a glazed door from the forecourt and has a serving counter from which behind gives access to the main repair area, cloakroom area and stairs leading to the office space.

Cloakrooms, there are two separate toilets.

First floor office space is separated into two large rooms, one leading from the other and both having windows overlooking the forecourt.

The initial area on the ground floor is the main indoor valet area, where vehicles come for a general valet or are cleaned after repair and spray.

Past this area is the main repair workshop which has an enclosed spray booth large enough for commercial vans.

The remainder of the workshop is for body repairs, which can fit several vans at one time.

Equipment includes: -

Hand tools.
The spray bay.
Car valeting equipment.
Steam cleaning equipment.
Windscreen repair equipment.

Wheel repair equipment.  

TENURE
We are advised the business is being sold as a leasehold business opportunity.

Original lease length: 10 years.

Remaining lease length: 6 years as of 2017.

Rent: £15,324 per annum.

Business Rates £4,084 per annum.

HOURS
The business opening hours:

Monday-Friday: 8.30am – 5pm

Saturday: 9am - 1pm

STAFF
The business is run and managed by our clients, with the help of 2 full time members of staff.

FINANCIAL PROFILE
Supreme Valet & Panel Masters Ltd generated an advised turnover of circa £861,304 as of the 2016 accounts, with a gross profit of 28%.



Tenure: Leasehold

Listed by: Hilton Smythe
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