Business for Sale in Norwich, Norfolk VEHICLE BODY REPAIRS – NORWICH, NORFOLK (NR5)

Key Information

Reference

M35447E

Tenure

Leasehold

Status

For Sale

Region

Norfolk

Sector

Body Shops

Accommodation

No

Business Information

• Very Well Regarded
• Good Mix of Trade & Private Clients
• Space to Work on 6 Cars inside Unit
• SMART Repairs
• 5 Star Google Rating
• Long Established
• Space Saving Spray Booth
• Lots of Parking Outside
• Courtesy Car Included
• Good Profit Levels

AGENTS NOTE

This is a business for sale as a going concern, not an empty premises for sale or let.

PARTICULARS

We are delighted to be appointed to market this well regarded and busy vehicle body repair business, conveniently situated on the outskirts of Norwich.

With a constant supply of work from both trade and private clients contributing to a strong turnover and good profit levels, this will appeal to both individuals looking to start out on their own or indeed existing businesses looking to add clients or to compliment their current service offerings.

To discuss this opportunity in more detail please contact ourselves and we will be happy to assist you further.

THE BUSINESS ITSELF

Having established the business over 10 years ago the current owner is now looking to pursue other interests and thus is seeking a new operator to take over. The business has continued to grow since incorporation and presents well financially, as well as benefiting from 5 Star Google reviews demonstrating the quality service which is provided.

There is scope also to potentially take over an existing low interest rate loan to provide cashflow assistance to a new owner, which may be of interest to some parties.

They provide all aspects of car body repairs in Norwich and throughout the surrounding areas in Norfolk. Alongside car body repair services, they undertake SMART repairs, car paint jobs using their modern spray booth, paint work correction, wheel refurbishment and repairs, insurance work and more. The team have years of experience in the industry and have completed jobs of all sizes on all the services they provide.

As mentioned they provide services to both the motor trade (generally to the more premium brand car companies) and private clients, which at the time of writing is split fairly evenly between the two. The offer of a courtesy car helps to win clients especially for larger and more time consuming jobs and this will be included in the sale.

PREMISES

ALL MEASUREMENTS ARE APPROXIMATE AND FOR GUIDANCE ONLY.

The business operates from a well known industrial estate to the west of Norwich city centre and not far from the large Longwater retail park. This is a convenient location for both customers coming out of the city plus also for those that are coming into the city as well giving further reason to choose this business when works are needed.

Outside of the unit is a good size parking area which the owner advises will accommodate up to 15 cars if required.

Through the front door, next to the roller shutter door for vehicle access, there is a door off of the hallway leading into the manager’s office and customer reception room with a door from here in to the w.c. Another door from the hallway enters into the open-plan main workshop area. This is left open-plan so that up to 5 cars can be worked on at any one time, plus then a further vehicle can be in the space saving spray booth which has been conveniently sited in the workshop to maximise the number of vehicles that can be worked on at any time. A staircase leads up to the mezzanine floor which is approximately the same width as the unit and extends out to about the same depth as the office below.

The workshop measures c.167m2 with the office and mezzanine above of approximately 27m2 each.

FURTHER INFORMATION

REFERENCE NUMBER

M35447E.

OPENING HOURS

8:00am to 5:00pm Monday to Friday. Closed Saturday & Sunday.

TENURE

Leasehold. The current lease is for a 6 year term from the 8th December 2020, with a break clause in December 2023.

RENT PAYABLE

£16,000 plus VAT per annum. We understand that a service charge is payable in the region of £1,200 per annum.

The Purchaser will be responsible for the landlords costs and fees in connection with the assignment of the existing lease or grant of a new lease.

RATES PAYABLE

Currently Nil. We are advised that the property benefits from Small Business rates Relief.

This information has been provided to us by the vendor and any interested party is advised to enquire of the local authority to check the position with regards to business rates that will apply to a new owner.

EPC

The Energy Performance Certificate shows an ‘E’ rating and a score of 110.

PRICE

£99,000.

For the benefit of the goodwill, fixtures, fittings & equipment. Stock payable in addition on completion at valuation. This is a business for sale as a going concern.

VIEWING

Strictly by appointment only, please call our Norwich Office on (01603) 662 662 to make an appointment.

FINANCE

Finance may be available to suitable purchasers.

BUSINESS TO SELL?

Let us know as soon as possible! Just ask for a FREE NO OBLIGATION VALUATION and one of our valuers will carry out a detailed marketing appraisal of your business at a time of your choice.

PREMIER MARKETING

We take care to present our businesses to a standard like no other. Offering quality property particulars as well as detailed information on all of the online portals and our own website, make your business stand out from the crowd - call us today!

UNHAPPY?

Do you feel you are receiving the level of service promised by your agents? If not, we would be happy to carry out a FREE no obligation marketing appraisal of your business.

1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.

2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.

3. Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.

4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.