Independent family run car repair garage

DESCRIPTION:

An excellent opportunity to purchase an independent family run car repair garage situated in an excellent trading positon. The business, which was established in 1988, offers everything from routine maintenance to repairs or pre-purchase inspections. The business particularly specialises in both Porsche and Mercedes and has an excellent working relationship with nearby dealers, carrying out all pre-sale prep work.

The business trades from a well-presented and fully fitted workshop which benefits from 3 ramps, two loading doors, reception/office area and approximately 13 on-site car parking spaces.

This is an excellent turnkey opportunity and viewing is strongly recommended.

LOCATION:

The workshops are situated on a small and well maintained business park on Birdham Road, approximately 1 mile south of the A27 Chichester bypass at the Stockbridge roundabout. The location offers excellent transport links to the densely populated surrounding areas.

ACCOMMODATION:

Main Workshop

Maximum overall width44’

Maximum overall depth30’8

Approximate area1,346 sq ft

Office/Reception130 sq ft

WC

Front and Rear Forecourts

BUSINESS:

The business was first established in 1988 and has traded from the existing site at Donnington Park for approximately 25 years.

The current directors run the business employing a full-time manager with over 28 years’ experience, two full-time qualified technicians and one full-time apprentice.

The operating hours are 8.30am-5.30pm Monday to Friday.

The profitable business shows a healthy turnover in excess of £300,000 per annum and full accounting information will be available to serious applicants upon request following a viewing of the premises.

TERMS:

Lease:

The premises are available under the terms of a brand new FRI lease at a commencing rent of £18,500 per annum. The lease is to be for a term of ten years with an upward only rent review and a tenant break clause on the fifth anniversary. The lease will be excluded from the security provisions of the L&T Act 1954.

Premium:

Offers In Excess Of £50,000 for the business, goodwill and fixtures and fittings (full inventory to be agreed). Stock at valuation.

Legal Fees:

The in-coming tenant is to be responsible for the Landlord’s legal fees and the seller’s abortive costs unless otherwise negotiated.

RATES:

The Rateable Value for the property is £19,500.

All parties are advised to make their own enquiries with the local authority as to the rates payable.