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Advert Ref: N945

Leasehold Auto Electrical Garage Business Tunbridge Wells For Sale

  • Tunbridge Wells, Kent
Asking price:
£110,000
Sales revenue:
Undisclosed
Net profit:
Undisclosed

Photograph of this business for sale

PROMINENT LOCATION
2 POST LIFT
1,200 SQ/FT PLUS MEZZANINE
CUSTOMER PARKING
SAME HANDS 33 YEARS
RETIREMENT SALE
UNAFFECTED BY COVID PANDEMIC

LOCATION
These well appointed premises occupy a coveted trading location on the fringes of Tunbridge Wells within its main business retail parks alongside M&S, John Lewis, Next, T.K. Maxx, Asda and many more well known retail outlets. The business benefits from easy access to the A21 and draws trade from over a wide catchment area including the prestigious Knights Wood housing development (which is within 6 min walking distance).

BUSINESS
Well established, having been in the present hands for some 33 years and now only being marketed as a result of the Vendors wish to retire. Tremendous potential exist for more diagnostic work and general servicing.

TURNOVER
Accounts show £651,386 P.A. (Year end Dec 2020)

STAFF
Run by 2 partners and 4 full time staff WAGES - £62,000 P.A.

HOURS
8.30am to 5.30pm Mon to Fri (8.30 to 1.00pm Sat) Closed Sun

PREMISES
Mid terraced light industrial unit with entrance to: Reception: Customer/Staff W.C and W/basin. Ground floor Area: 1,200 sq/ft. Vehicle access door to Workshop area: Fully equipped including 2 post lift, compressor, 2 testing machines, parts washer, ssand blaster,lathe, grinder, bench drill, numerous hand tools and hand testers. Mezzanine: with Store area: Staff room: with st/stl sink. OUTSIDE: 3 Parking Bays to front. Storage container. The sale to include the company name and website. There are also 6 delivery vans included in the sale

TENURE
5 year lease from 25th March 2017 (New lease available) RENT - £15,600 P.A.

EPC RATING
Band D

BUSINESS RATES
Nil currently payable

Property:
Leasehold

Furniture / Fixtures value:
Undisclosed
Inventory / Stock value:
Undisclosed

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