Leasehold Auto Salvage Business For Sale

Business description

Bag a Business Ltd is delighted to offer for sale this well established and thriving motor salvage business. The business was established in 1984 and has grown from strengh to strengh. Much of the business is dervied from local garages and
colleges with a healthy export business too. Last audited accounts report an annual turnover of £187,834 at a gross profit of 65%. The larger part of the site totals around 1/3 acre and is on a 15 year lease from the Leicester County Council. The building is owned by the business and is fully de-mountable. The site is fully ATF Compliant with a waste carriers licence, covered for Ferrous and non Ferrous. The drainage for the site has intercepters installed. The site is licenced to process upto 5000 cars per annum, which provides huge scope for the new owners as to extending the opening hours. This is a well managed treatment facility with an excellent reputation and as such early viewing is strongly recommended.

Property information

Property:

Leasehold

Lease terms:

Original: Main site: 20 years
Annexe site: 3 years
Remaining: Main site: 2 years
Annexe site: 3 years
Review: Main site: 3 years
Annexe site: 3 years
Rent: Main site: £506.15 pcm
Annexe site: £150.34 pcm

Living accommodation:

Within the site is a fully demountable unit of 2000 sq ft and briefly comprises. Ground Floor • Reception area with counter. • Office area leading to store room. • Store room with fixture and fittings to suit trade. • Work area with large double doors leading out to the yard. External • The site is fully equipped with electric, phone, water and sewage services.

Location:

This auto salvage is situated on within a industrial estate. The estate is within a few hundred yards of the centre of town in Leicestershire. The town has a history of mining with local tourist attractions. As a popular market town it attracts people from the surrounding areas. The area has enjoyed investment in both commercial and residential development in recent years, complemented by the excellent schools and colleges in the area. The A42/M42 and Nottingham East Midland Airport are all in close proximity.