Leasehold Garage Repair Services Business For Sale

Business description

Bag a Business Ltd is delighted to offer for sale Paul Bros. There has been a garage on this site for over 20 years, with our client establishing Paul Bros in 2004. Looking after any make or model of car and light commercial and specialising in Rover/MG and 4x4s, our clients have already built up an enviable reputation, with the projected turnover for 2007 to be in excess of £300,000, producing a gross profit of 33%. Trade is drawn from a mixture of retail and trade work, with retail customers able to leave their cars whilst visiting the town centre, and by our clients also offering a collection and delivery service. The business is growing rapidly and there is further scope for growth through increased pro-active marketing and extended hours, particularly on Saturdays. Paul Bros is fully equipped with diagnostic equipment and a new Duolift 3000 lift. The business benefits from very low overheads, with rent at £9,600 per annum and from having an internal repairing lease only. This is a wonderful opportunity to purchase a growing business and is only available due to our clients' wish to relocate. Bag a Business Ltd highly recommends an early viewing.

Property information

Property:

Leasehold

Lease terms:

Leasehold - internal repair only
Original lease: 10 years
Remaining: 3.5 years (renewable)
Rent: £9,600 per annum

Living accommodation:

A three-bay workshop, single storey with office space and parking, the property briefly comprises: GROUND FLOOR Fully equippped three bay workshop, including: New fitted Duolift 3000 Air conditioning machine One 2-post lift One 4-post lift Engine hoist Various diagnostic equipment Parts store Toilet and sink Reception area Office area EXTERNAL Ample car parking

Location:

Paul Bros occupies a highly visible site on Spencer Street, Bognor Regis. Spencer Street lies in the heart of Bognor Regis, directly in front of the railway station and within easy walking distance of the high street. Bognor Regis is a vibrant and busy town, with a population of approximately 50,000, boosted in the summer by the many visitors to this very popular seaside town, located on the south coast of England in West Sussex, close to the city of Chichester. The area is well-known for its racing, Butlin's Southcoast World, Fontwell Race Course and also Goodwood horse and motor racing circuits. Bognor Regis enjoys excellent transport links with both the A259 and A29, giving easy access to the A27 south coast trunk road and having its own mainline railway station.

Other information

Trading hours:

Mon to Fri: 8:00am - 5:30pm; Sat: 8:30 - 12:30pm