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Beverley Iles (September 2016)
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Leasehold Price: £69,500
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Business Description
Established Since 1967
Annual Turnover £69,662
Gross Profit 81%
Handover Period Offered
Closed Fri, Sat & Sun
EPC - D
REF 5785 – Leasehold Classic Car Restoration Business

Blacks Brokers are proud to bring to the market this leasehold classic car restoration business located in the much sought-after area of Nottingham, Nottinghamshire.

INTRODUCTION

P & K Thornton Restorations Limited has been trading since 1967, and in its current location since 2007. The business offers highly specialised knowledge, service and restoration for classic Jaguar cars. During this trading history, the business has firmly established itself within this niche market, gaining a large, repeat customer base and a reputation that is truly second to none.

LOCATION

Wood Farm, on Spring Lane is positioned mid-way between the Carlton and Woodborough areas of Nottingham. The area is a mainly residential, rural area well linked by the A60 and A6097.

REASON FOR SALE

P & K Thornton Restorations Limited is only being offered for sale due to our client’s retirement. Our clients are willing to stay on at the business for a period of time to ensure smooth handover and offer continuity to the client base.

LEASE

The building is available on a competitive rent on a rolling monthly lease that began in 2007 at a cost of £625 per calendar month.

BUILDING LAYOUT AND DESIGN

The business is housed within in a very well presented, purpose built, light industrial unit on a farm on the outskirts of Nottingham. This single storey, steel framed unit is complete with high roller shutter doors to the right. Inside, the premises are made up of a large, open plan workshop with an office and upholstery/trim workshop to the left of the main entrance. The total area is approximately 161.92 square meters and all areas are presented to a high standard, with good quality fixtures and fittings and an array of specialised equipment and tools in place.
Externally there is a large paved area offering ample free parking.

STAFF

P & K Thornton Restorations Limited is currently operating with our two clients only in full-time employment.

FINANCIAL DETAILS

Financial details are available upon a viewing of the business and P & K Thornton Restorations Limited has traded solidly over its trading history. The business generates an annual turnover of £69,662 with consistent gross profits of 81% with zero rates payable.

SUMMARY

This is a superb opportunity for a mechanic who is an enthusiast for classic cars to acquire
a very well-established restoration business that specialises in Jaguars from the 50’s and 60’s.
The business is run by two brothers who have built an enviable reputation since 1967 and are offering an extensive handover period to the right person to give them all the training and support they require.
The business currently only works on models of Jaguar from the 50’s and 60’s so there is plenty of scope to develop the business by working on more recent models and other makes and increase the working hours. Fixtures:
1 x 4 poster ramp

2 lifting cranes

Compressor

Welding equipment gas and mig

Blast cleaner

Krypton tuner

Jacks

Axel Stands

Specialist Equipment
Trading Hours:
Mon - Thur - 9.30am - 4.30pm
Fri - Sun - Closed

Tenure: Leasehold

Location Details: Nottingham

Leasehold Term: Rent: £144 Per Week

Downloadable Documents

Listed by: Blacks Business Brokers Limited
Find out more about this business for sale opportunity by submitting the form below.
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5785
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