An exceptional opportunity to acquire a long-established and highly profitable vehicle repair business, ideally located in Bedminster, just south of Bristol city centre. The business operates from a well-equipped industrial unit of approximately 3,000 ft², benefiting from roller shutter access, large forecourt with ample parking, 5 vehicle ramps, 3-phase power, a full range of garage equipment, and a Class 4 MOT License (1 man testing system). With a strong trading history and substantial turnover and profit, this is a turnkey operation ideal for both experienced operators and investors looking to enter or expand within the automotive sector. The sale includes the business, goodwill, and all equipment, offered at a premium of £150,000. A new fully repairing and insuring lease will be granted at an annual rent of £35,000.
As an actively trading business, no approach should be made directly to the business. All enquiries to be made to Maggs & Allen or joint agents, JS Reakes Ltd.
DESCRIPTION -
An exceptional opportunity to acquire a long-established and highly profitable vehicle repair business, ideally located in Bedminster, just south of Bristol city centre. The business operates from a well-equipped industrial unit of approximately 3,000 ft², benefiting from roller shutter access, large forecourt with ample parking, 5 vehicle ramps, 3-phase power, a full range of garage equipment, and a Class 4 MOT License (1 man testing system). With a strong trading history and substantial turnover and profit, this is a turnkey operation ideal for both experienced operators and investors looking to enter or expand within the automotive sector. The sale includes the business, goodwill, and all equipment, offered at a premium of £150,000. A new fully repairing and insuring lease will be granted at an annual rent of £35,000.
As an actively trading business, no approach should be made directly to the business. All enquiries to be made to Maggs & Allen or joint agents, JS Reakes Ltd.
LOCATION -
The unit is located on Whitehouse Lane, just off Coronation Road in Bedminster within an area currently subject to substantial redevelopment.
BUSINESS RATES -
The rateable value with effect from April 2023 is £22,750. We understand the rates payable are currently £6,811.
ACCOUNTS -
Company accounts are available on request.
BUSINESS SALE -
The premium will include the goodwill and an extensively inventory of equipment. The company shares can also be included.
ENERGY PERFORMANCE CERTIFICATE (EPC) -
Rating: TBC
VAT -
All figures quoted are exclusive of VAT unless otherwise stated.
LEASE DETAILS -
The premises will be available on a new fully repairing and insuring lease at an initial discounted rent of £35,000pa. A sale of the longer headlease may be available if required.
Each party to incur their own respective legal fees.
FLOOR PLAN -
The floor plan is provided for indicative purposes only and should not be relied upon.
TENANT APPLICATION FEE -
The ingoing tenant will be charged an application fee of £300 plus VAT (£360 inc VAT) towards the costs incurred in undertaking appropriate credit and reference checks.
VIEWINGS -
By appointment.
JOINT AGENTS -
JS Reakes Limited.
CONTROL OF ASBESTOS REGULATIONS -
As per the Control of Asbestos Regulations 2012, the owner or tenant of the property, or anyone else who has control over it and/or responsibility for maintaining it, must comply with the regulations which may include the detection of and/or management of any asbestos or asbestos related compounds contained at the property. Maggs & Allen has not tested or inspected for Asbestos and therefore recommend all interested parties to make their own enquiries.
