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Mixed Use for sale

Crondal Road, Coventry, West Midlands, CV7

£349,999
962 sq. m.

Property Description

Commercial information

  • Business for sale
  • 10,354 sq ft (962 sq m)

Key features

  • LEASEHOLD EDUCATION/TRAINING PROVIDER
  • REF 12756

Full description

LOCATION
Coventry Building Workshop Ltd is located in Exhall, Coventry, West Midlands.

The business is situated in a prominent trading location on an industrial estate, which holds a variety of complementary businesses. This is a busy estate that receives a high amount of footfall daily. There are several engineering companies, wholesalers, machinery sales, printers, vehicle centres and much more.

The industrial estate is just off the main road, which runs from the M5 motorway, through Exhall up to Bedworth. This is a well-used arterial road, which benefits from good public transport links. There are bus stops within close proximity of the business and the closest train station is an 8 minute drive away in Bedworth.

BUSINESS
Hilton Smythe welcomes to the market Coventry Building Workshop Ltd. This training company was originally established by our clients in 2006. The owners are now looking to sell the business due to the desire to focus on other business interests.

This is a training course business that offers a variety of training services, such as bricklaying, plastering, carpentry, kitchen fitting, plumbing, tiling and electrical, including basic and full domestic installation courses, Part P of building regulations, 17th edition regulations, 2394 certificates, 2395 certificates, full domestic evening courses, site safety plus and CSCS card testing. Welding and coding training is also available.

Our clients are also registered as an alternative training provider for the schools and run school programmes in construction offering a Btec qualification.

The business currently generates an advised turnover of around 504,000 per annum with a gross profit of 53%. The business has massive scope to increase the turnover. This training company has potential to be the biggest and most successful training company in the UK.

Ways in which the turnover could be increased, are as follows-

Offer a recruitment service. This is often asked for from businesses throughout the country.
Focus on apprenticeship training, this is in large demand.
More focused advertising, although the current owners advertise online, in local papers, over the radio and even on the back of buses, they feel this could be expanded further.
Expand geographically
Employ a canvasser with a view to approaching businesses, schools, colleges, job centres and the local authorities.
Offer more class room based courses
Offer scaffolding training
Offer first aid training
Offer genny and cat training
Offer Fire Marshall training

This is a fantastic business that has been built up over the 10 years. Enviable relationships and contracts have been formed, allowing for a generous amount of repeat trade. They have contracts with local councils, job centres and corporate industries, namely, Jaguar, Land Rover and Peugeot, amongst others, Schools and Colleges such as Coventry College and Sherbourne Fields school and Coventry Wasps RFC. These contracts and information of contacts will be included in the sale, as well as the business website. www.coventrybuildingworkshop.co.uk On the site they have special offers and list courses available

Coventry Building Workshop Ltd is being offered to the market at an exceptional price. The sale includes a considerable amount of assets, that is not to be missed. This would make a perfect opportunity for a hands on new owner or partnership, looking to take this already very successful business to the next level. Hilton Smythe highly advise early viewing to take in the full potential of this well-run business.

PREMISES
Coventry Building Workshop Ltd boasts a large 960 m2 industrial unit. The whole site is secured by security fencing, with double gates to the front. There is customer and staff parking areas within the gates. The premise is well signed with large signage on the gates and premise.

The business premises briefly comprises of:

Twin roller doors, windows and main entrance door to front. On entrance is the main training space, this is a large space with separate areas such as, bricklaying, electrics, plumbing, kitchen fitting and carpentry. There is also a secure welding area, training rooms and further classrooms.

Sales office with mangers office to the rear, staff canteen, kitchens and WCs.

The premise has concrete flooring, high ceilings with roof lights, fluorescent lighting and a gas fired blown air heating.

There is further ample storage rooms. At the side of the main building is a block of classrooms housed in a portable building.

There is a considerable amount of assets i.e. tools, training materials welders, compressors, guillotine, band saw and lathe.

TENURE
We are advised the business is being sold as a Leasehold opportunity.

Original lease length: 10 years
Remaining lease length: around 2 years as of 2016.
Rent: 32,000 per annum

We are advised the landlord is willing to offer a longer lease if required.

HOURS
The business opening hours-

Monday - Sunday: 8:30am - 5pm

STAFF
The business is run and managed by our clients, with the help of six full time and five part time members of staff.

FINANCIAL PROFILE
The business generates a turnover in the region of 504,000 per annum.
Gross profit 53%


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