For Sale

Well-Established Classic Car Restoration Garage

Faringdon, Oxfordshire

£39,995

Ref: B04201

Contact sales negotiator

Matthew Monks

01204556319

Email Matthew Monks

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Description

Hilton Smythe welcomes to the market this very well-established classic car restoration garage, with a loyal customer base, having been in business for more than 29 years in its present location.

They look after all forms of classic cars, offering a high-class service in this specialist area.

The business itself has been run by the current owner for the last 29 years and is well known and established in the area. The owner is now looking towards a very well-earned retirement, due to ill health.

The business is currently run, extensively by the owner only, who operates Monday to Friday, with some Saturday mornings. If the hours were increased and the business took on more staff, there is certainly room for increasing the turnover and expanding the business, together with a website and more advertising.

However, at present it is very much a lifestyle business, which suits the owner and gives him the flexibility he desires.

An internal inspection is very highly recommended to appreciate the position and potential on offer for this well priced business.

Tenure

Leasehold

We are advised that the business is being sold as a Leasehold opportunity on a 5-year rolling lease. The rent payable is £11,520 per annum.

Hours

Monday 9:00 a.m. to 5:00 p.m.
Tuesday 9:00 a.m. to 5:00 p.m.
Wednesday 9:00 a.m. to 5:00 p.m.
Thursday 9:00 a.m. to 5:00p.m.
Friday 9:00 a.m. to 5:00 p.m.
Saturday 9:00 a.m. to 12:00 p.m.
Sunday Closed.

However, at present he doesn’t open these full hours due to ill health. The owner is happy to stay on for a transitional period to settle the new owners in.

Staff

The business is currently run by the owner and one other occasional member of staff.

Financial Profile

The business turned over £111,155 for the year ending 30th November 2016 with a gross profit of £45,684.

According to the VOA website the current rateable value is £8,600 however the business benefits from small business rate relief so has nothing to pay.

Location

Kingswood Garage is situated on a purpose built industrial estate, a busy area on the outskirts of Faringdon.

Faringdon is a historic market town in the Vale of White Horse, Oxfordshire, England. Within the historic boundaries of Berkshire, it lies 18 miles southwest of Oxford, 10 miles northwest of Wantage, 34 miles northwest of Reading and 12 miles east-northeast of Swindon. In the 2011 census it had a population of 7,121.

Very easy access is gained to Oxford to the North East and Swindon to the South West via the A420, together with easy access to the M4 motorway giving access to all surrounding areas.

Premises

The premises are set within a good-sized unit covering approx. 135 sqm, offering a large workshop area accessed via full height sliding door, first floor storage, office and WC.

We have a good range of equipment included as follows; 2 ramps, compressor, sheet metal folder, sheet metal cutter, various vices and tools, trolley jack, mig welder, spot welder and a large range of general work shop equipment.

The workshop has oil fired heating via an oil-fired blower and a CCTV and security system.

To the front you have ample parking and easy access.

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