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Garage for sale

Caston Industrial Estate, Salhouse Road, Norwich, Norfolk, NR7

Leasehold 186 sq. m. | £64,950

Property Description

Commercial information

  • Business for sale
  • 2,002 sq ft (186 sq m)

Key features

  • REF 2116
  • LEASEHOLD BUSINESS

Full description

Tenure: Leasehold

LOCATION
Thorpe Body Repairs occupies substantial ground floor lock-up premises, ideally located on a very busy industrial estate in Norwich, Norfolk. The business benefits from ample off street parking facilities and is surrounded by a wealth of complementary businesses. There are large densely populated residential estates in close proximity, from which the business derives much of its trade. The business also enjoys a large amount of footfall and passing trade. Norwich is a city on the River Wensum and is the administrative centre and county town of Norfolk. According to the 2011 census the urban or built up area of Norwich had a residential population of 213,166.

The area of the business is well-served by the public transport system, with several bus stops within easy walking distance of the business. The nearest railway station is approximately 2 miles away in Norwich city centre. The area is also well served by the A-roads with the A1042 within easy driving distance, which links to the vast A-road and motorway networks. The coastal resort of Great Yarmouth is approximately 19 miles away and Lowestoft is 29 miles away.

BUSINESS
Hilton Smythe is delighted to welcome to the market this well-established and popular vehicle body repair business in Norwich, Norfolk. The business was established by our client in 1985 and is only now being offered to the market due to our clients` desire for a well-deserved retirement. The business is open 5 days per week and generates a healthy turnover in the region of 152,853 per annum, with a gross profit of approximately 67%. Our client offers vehicle body repairs on cars, vans and motorhomes etc.

The business has an excellent reputation within the area for the excellent high quality of service offered, which has generated a very loyal client base with a vast amount of repeat trade and word of mouth referrals. The premises boasts a large repair workshop, as well as a paint mixing room, small canteen and office area.

We feel the turnover could be increased by a small marketing campaign to highlight the services offered. A new owner could also establish a website to promote the business further. This is an excellent opportunity for a new owner to acquire an already well-established and busy vehicle body repair business with huge scope for future growth; therefore early viewing must come highly recommended.

PREMISES
Ground floor lock-up premises, briefly comprising:

Main workshop with:

Spray booth with low bake oven.
Two post ramp.
Compressor.
Engine hoist.
Miscellaneous hand tools.

Mixing room with paint mixing system, water and solvent.
Small canteen area.
Office.

External with:

Parking area to front with space for approximately six vehicles, plus four allocated spaces.

TENURE
We are advised Leasehold:

Original lease length: 12 years
Remaining lease length: 0 years

A new lease is available and is to be negotiated.

HOURS
The business is open:

Monday - Friday: 8.00am - 6.00pm
Saturday: 8.00am - 1.00pm
Sunday: Closed

STAFF
The business is owner run and managed with 3 staff members.

FINANCIAL PROFILE
The business generates a healthy turnover in the region of 152,853 per annum, with a gross profit of approximately 67%.


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