Parking/garage for sale in Cashs Lane, Coventry CV1

£130,000
Interested in this property? Call +44 161 937 5978 * or Request Details

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Parking/garage for sale
Tenure: Not available Council tax band: Not available

Property description

Ref 7907 – Leasehold Auto Restoration Garage
Blacks Brokers are pleased to bring to the market this leasehold auto restoration garage located in Coventry, West Midlands.


Introduction


Badial Accident Repair Centre was established by our client in this central area of Coventry in 1978. The business offers a full range of vehicle bodywork repairs from small scratches and dents to full restoration projects. It has become very well known in this area and has a strong base of repeat customers in place as well as benefiting from a good amount of passing trade and many word of mouth referrals. Our client has ensured the business has an excellent reputation and superb reviews are noted on Facebook, Yell and Google. Badial Accident Repair Centre has a good social media following.


Location


Badial Accident Repair Centre occupies a main road trading position within a bustling area. The area is densely populated commercially with neighbouring businesses including independent retailers and large multiples. There are also a number of amenities and attractions nearby including hospitals, colleges, Coventry University and Coventry Cathedral. The area is well linked by the M6 with very strong public transport links and parking is available immediately outside the property.


Reason for sale


The business is ideally suited to a hands-on owner-operator but due to our client’s retirement, the business is offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level.


Lease


The current lease is due for renewal and the landlord is open to negotiations.


Staff


The business operates with three members of staff in employment – this includes our client working on a full time basis.


Financial details


Badial Accident Repair Centre has traded solidly since opening and our client has established a strong repeat customer base. The accounts year end 30th April 2020 show that the business has an annual turnover of £70,486 and a gross profit of £51,734. Full financial information is available upon request.


Business rates


The business currently benefits from Small Business Rates Relief. Purchasers should enquire with relevant local authorities to confirm the rates payable.


Summary


This long established business occupies an enviable trading position in a very busy and highly sought after area of Coventry. Our client has secured a strong customer base and exceptional reputation. There is plenty of scope to develop the business further with the introduction of a strong marketing drive and potentially contracts with insurance companies, leasing companies and other complementary businesses. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised. Business: £130,000.

Please quote ref: 7907

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For more information about this property, please contact
Blacks Business Brokers, BL9 on +44 161 937 5978 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Blacks Business Brokers, and do not constitute property particulars. Please contact Blacks Business Brokers for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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