Yacht Service Repair & Refurbishment For Sale

Business description

Summary:
Established by the current vendor just under ten years ago the business offers a full range of services for yachts from gel coat repairs to full refits. The business is also an agent for Yanmar Marine and benefits from a customer base of approximately 600 with many regulars who travel from as far as Plymouth and Suffolk to use their services. No advertising is carried out with the business growing by recommendation alone.

Turnover:
Accounts show a turnover of £182,366 with a gross profit of 48%.

Stock:
To be purchased separately at valuation:Approximately £5,000.

Rates:
Business rates payable of approximately £3,500 pa.

Legal Fees:
Vendors and purchasers to meet their own contractual costs; purchaser to meet the reasonable costs in establishing any new lease.TENURE: Leasehold

Property information

Property:

Leasehold

Lease terms:

We are informed that there is seven years remaining on the lease with a current rent of £7,500 pa.

Location:

Workshop area of approximately 3,000 sq ft, including store room, paint store, and kitchen. Porta-cabin used as office.

Other information

Reasons for selling:

The vendor has reluctantly decided to sell the business due to ill health.

Trading hours:

9.00 am to 5.00 pm Monday to Friday.

Contact the seller