Financial Details
Asking price: £100,000
Sales revenue: £141,300
Net profit: £38,600
Fixtures value: Undisclosed
Stock value: Undisclosed


Business Description
Advent Business Sales is pleased to have been instructed to offer to the market this very well established and profitable body shop garage.

The garage, which was founded by our client 11 years ago, is now being offered for sale to enable him to fulfil his lifetime ambition to travel and see the world.

The business is well known as an expert repairer of general bodywork damage, but they also do ‘smart repairs’ where they make new interior trim panels, re-instate the pattern of cigarette burns in fabric seats, do plastic welding to repair spoilers or bumpers and restore alloy wheels to the original factory finish. These are very cost effective ways of restoring the vehicle without the need of expensive and sometimes difficult to find spares.

The garage has an excellent local reputation with a great deal of work coming from referrals from previously satisfied customers.

Approximately 20% of turnover relates to insurance work, 60% is retail and 20% is from local account customers such as Hertz, Mercedes-Benz and Ferrari, where work has to
be of a high standard commensurate with the marque.

The garage has a fully equipped van to enable them to travel to customers premises to carry out mobile smart repairs.

We area advised that stock at cost is approximately £20,000.
REF: 9212GL
General Information
Employees:The business has 3 full time skilled staff including the vendor and a part time bookkeeper who works approximately 3 days a week.
Trading hours:Mon-Fri: 8.30am – 5.30am Sat: 9.00am – 12.00pm
Property:Leasehold
Lease terms:TENURE: Leasehold Original lease: Licence – 6-month notice Rent: £700 pm We are advised that the annual business rates are currently: £2,000
Location:The business is ideally located in Gloucestershire in a mixed commercial/residential area with potential customers all around on the doorstep.

There is a large free of charge ground floor car park immediately adjacent to the premises with additional on street available if required.

The garage is situated just off the A38, which is a feeder road for the M5 motorway at Junction 12. Nearby towns included Gloucester, Cheltenham and Stroud.
Premises Details:BUSINESS PREMISES
A Single storey ground floor premise with CCTV, briefly comprising of:
Ground Floor
• Shared entrance into the main work area with large low bake oven (can accommodate unto a standard transit vehicle)
• Mixing room
• 3 working bays
• Side Office

External
• Large free car park adjacent to premises
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