West Drayton, Greater London. The business was established by our client in 1984 and is only now being offered to the market due to our client's desire for a well-deserved retirement. The business generates a turnover in the region of £151,495, with a gross profit of approximately 52%.
Our client offers a wide variety of garage services including insurance work, customizing work, fleet work, panel beating, paint spraying, alloy wheel refurbishment, repair of commercial coaches and lorries etc. The business has built up an excellent reputation within the area for the high quality of the services offered, which has resulted in a very loyal client base with a vast amount of repeat trade and word of mouth referrals. Our client has over 35 years' experience in the motor industry and all the members of staff are highly trained and qualified mechanics and panel beaters.
The business boasts two double width workshops and a substantial spray booth, all of which are well equipped to suit the trade. We feel the turnover could be increased by embarking on a modest marketing campaign to highlight the business and the services offered. There is already an excellent website in place to promote the business. This is an excellent opportunity for a new owner to take this already thriving business to the next level; therefore early viewing must come highly recommended.
TENUREWe are advised Leasehold:
Original lease length: 10 years
Remaining lease length; 3 years
Review every: 10 years
Rent: £4375 per quarter
HOURSThe business is open:
Monday - Friday: 8.00am - 5.00pm
Saturday: 9.00am - 4.00pm
STAFFhe business is owner run and managed with four full time staff members.
FINANCIAL PROFILEThe business generates a turnover in the region of £151,495 per annum, with a gross profit of approximately 52%.
New Look Autos occupies substantial ground floor industrial premises, ideally located within the area of West Drayton in Greater London. The business is located on a busy industrial estate and is surrounded by a wealth of complementary businesses. The premises are located next to a very large and densely populated residential estate, from which the business derives much trade. The business benefits from ample parking facilities to the front of the premises and the town centre is just a few minutes away.
West Drayton is an area in the London Borough of Hillingdon in the far west of London. According to the 2011 census, West Drayton had a recorded population of 14,370 residents. The area of the business is served by the public transport system, with several bus stops just a few minutes' walk away. West Drayton railway station is approximately half a mile away. The area is also well served by the A-roads with the A408 within easy driving distance of the property, which links to the vast A-road and motorway networks. Slough is approximately 12 miles away and the City of London is 20½ miles away.
Industrial premises, briefly comprising:
Double door paint spray booth with store room to right hand side.
2 x double width workshops with full height vaulted ceilings.
Double length workshop with full height vaulted ceiling.
Internal door lead through to all workshops.
Aluminium panel covered compressor storage area.
Portable cabin/office with heating, broadband and telephone line.
Double car width workshop (currently rented and located in adjacent yard which is fenced off and gated).
The premises are fully alarmed with CCTV cameras.
Various welding equipment including Snap On and Murex oxyacetylene welders, various compressors, ladders and assorted tools and machinery are included (a full inventory to be supplied).