Ref 5760 – Leasehold Car Sales & Repairs Specialist
Blacks Brokers are proud to bring to the market this leasehold car sales and repairs specialist located in a popular and busy area of Bradford, West Yorkshire.
2CV City has been trading since 1997 and has been located on Hanworth Road since 2012 and over that time it has firmly established itself within this specialist business sector.The business offers a diverse stock range of specialist parts and supplies for A Series cars, at affordable prices. The business has a large and loyal customer base with an exceptional reputation in place.
The city of Bradford is a large and well populated area in West Yorkshire, the area is well linked with the M62 and M606. Hanworth Road is a commercial area on the outskirts of the City centre, close to motorway links with free, roadside parking all around the area.
2CV City is only being offered for sale due to our client’s retirement.
The building is available on a competitive rent on a Full Repair and Insure lease (Fri lease). This is the most common form of commercial property lease. The current lease is a yearly, rolling lease at a cost of £14,000 per annum.
2CV City is housed within a large, free standing property within this commercial estate. Signage is on display to the front of the building. Inside, the main office and reception area welcomes visitors and to the rear is the entrance to the large workshop area and offices. The space is split over two levels with the workshop positioned on the lower lever and the offices on the upper level. Additionally, the building has staff toilets and a kitchen area. All areas are well presented with good quality fixtures and fittings in place.
2CV City is currently operating with 9 members of staff in place, 2 of which are part-time and 7 are full-time. This includes our client on a full-time basis.
Financial details are available upon a viewing of the business and 2CV City has traded solidly over its trading history. The business generates an annual turnover of £560,760 with gross profit £118,483. Rates payable for this building are £11,000. Most customers are from the local area as one would expect and the business sale includes a comprehensive website.
This leasehold business is highly specialist, long established and well known, with a large customer base and exceptional reputation in place. There is plenty of scope to develop the business further with a marketing drive, online shop and possibly expansion into other classic manufacturers. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations, it could also be of interest to another similar business looking for expansion. Early viewings are strongly advised. Business: £100,000.
Please quote ref: 5760