Hilton Smythe is delighted to welcome to the market this well-established and busy vehicle repair and recovery business in Norwich, Norfolk.
The business was established by our client in 2013 but is only now being offered to the market due to our clients other business interests. The business operates 6 days per week and generates a turnover in the region of £85,000 per annum, with a gross profit of approximately 46%.
Our client offers a variety of services including vehicle recovery, repairs, MOT preparation, tyre and air conditioning repairs and car services, which are for most makes and models, including light commercial vehicles.
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 high volume of repeat trade and word of mouth referrals.
We are advised the business has applied for planning for a MOT testing bay, which if successful will boost trade. A new owner could embark on a modest marketing campaign to highlight the business and services offered. There is already an informative website in place to promote the business at www.norfolkautos-ltd.co.uk.
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 to avoid disappointment.
TENUREWe are advised Leasehold:
Original lease length: New 5 year lease available
Remaining lease length: 5 years
Review every: 5 years
Rent: £800 per month
HOURSThe business is open:
Monday - Saturday: 8.30am - 5.30pm
Sunday: 9am - 4pm Appointments only.
STAFFThe business is owner run and managed with 2 x full time staff members.
FINANCIAL PROFILEThe business generates a turnover in the region of £85,000 per annum, with a gross profit of approximately 46%.
Norfolk Autos Ltd occupies substantial premises, ideally located on a busy industrial estate in Norwich, Norfolk.
This is a fantastic location for the garage trade. In the area is a great amount of complementary businesses such as other garages, taxi firms and more. The business benefits from parking spaces on the estate for vehicles awaiting repair and other custom.
The industrial estate is located just off Guardian Road, which is a main A-road that circles Norwich town centre. This road allows for a heavy amount of footfall and huge amounts of passing trade. The business is approximately 2.5 miles away from Norwich town. This allows for great public transport links, there are bus stops just a short walk from the business. Norwich airport is also a short drive away.
Large two storey premise, briefly comprising:
Large open plan garage workshop with:
Shutter doors to the front.
1 x four post ramp.
Air lines to each ramp.
On the second floor is the reception/office area there is also the viewing area which has a view over the workshop. There is also a staff kitchen and toilet on this floor.