Business For Sale £100,000
New Lease Available on Premises £26,000 pa
Full Inventory of Plant & Equipment
Well Respected and Established Trading Business
Outskirts of Studley & Close to Redditch
Spray Booth & Paint Store
Large Yard
First Floor Offices Overlooking Workshop
BODY SHOP BUSINESS FOR SALE Color Code Motors Limited is a well-respected and established vehicle body shop located in Studley, Warwickshire. The business is For Sale with the benefit of a new lease at the premises which are fitted out as an operational body shop. Business Sale Price £100,000.
Description of Business Sale:
Color Code Motors Limited is For Sale by way of the purchase of shares in the limited company as a going concern. Accounts are available from the agents office along with an inventory of equipment included within the business sale. The business is a highly respected and established body repair business and the Directors are now looking to retire. The current Directors run the company and there are a further two full time loyal and experienced staff members currently working for the company. The business was founded 39 years ago as a sole trading enterprise and subsequently became a limited company, there is a further partnership LHA Restorations which is owned by the directors of Color Code Motors and the goodwill for this partnership is included in the sale. The LHA Partnership is a specialist classic car restoration part of the business where Color Code Motors deals with more general body shop work. The businesses both currently trade from a full fitted industrial unit in Studley, Warwickshire which has a large front fenced yard area for storing cars.
Financials:
Turnover:
2024 Color Code £198,517 Plus LHA Partnership £17,523 total £216,040
2023 Color Code £203,337 Plus LHA Partnership £30,521 total £233,858
2022 Color Code £188,453 Plus LHA Partnership £21,203 total £209,656
Business Sale Price:
£100,000 for the sale of shares in Color Code Motors as well as the goodwill of the partnership LHA that the two directors of Color Code Motors Limited current run as a separate partnership. A full inventory of plant and equipment included in the sale is available from the agent s office.
The Premises:
The unit measures 3,068 sq ft (285.16 m2) available on a new lease with a minimum term of 5 years (or longer) at a rent of £26,000 per annum on standard Full Repairing & Insuring Terms.
The unit s accommodation is laid out as follows: From the front elevation the unit is accessed via either a pedestrian access door or a roller shutter door which leads into the main open plan workshop area, this area is used to prepare the cars for painting and has its own independent paint store facility as well as a detached commercial oil heated spray booth located in the rear right hand corner. To the left hand side of the main workshop area is a kitchen and two toilets along with a fire escape door. Above this block are first floor offices which are laid out as two office rooms with windows overlooking the workshop area along with an external fire escape staircase. Externally the unit has a yard and parking area with good road frontage to Green Lane.
IMPORTANT NOTICE FROM WESTBRIDGE COMMERCIAL
Descriptions of the property are subjective and are used in good faith as an opinion and NOT as a statement of fact. Please make further specific enquires to ensure that our descriptions are likely to match any expectations you may have of the property. We have not tested any services, systems or appliances at this property. We strongly recommend that all the information we provide be verified by you on inspection, and by your Surveyor and Conveyancer.