INDEPENDENT VEHICLE BODYWORK REPAIRS BUSINESS IN HAMPSHIRE

VEHICLE BODYWORK REPAIRS BUSINESS

LOCATED BETWEEN WINCHESTER & EASTLEIGH

NEW LEASE AVAILABLE ON FAVOURABLE TERMS

WITH OPTION TO BUY THE FREEHOLD

FULLY EQUIPPED, COMPACT 840 sq ft PREMISES

CONSISTENT ANNUAL SALES: £137,811 year ended 31/12/22

WITH HIGH GROSS PROFITS £118,694 (86%)

COMPUTERISED COLOUR MIXING SYSTEM

INDUSTRY-LEADING SPRAY BOOTH

LOCATION: 

In central southern Hampshire in the Borough of Eastleigh, a combination of coast, countryside, quiet villages and busy towns. The Borough of Eastleigh stretches from Netley on the banks of Southampton Water, the historic river villages of Hamble-le-Rice, Bursledon and Botley, the developing areas of Hedge End, West End and Fair Oak. Eastleigh benefits from excellent shopping and parking facilities and the affluent suburb of Chandler's Ford which offers a mix of high-value residential properties, excellent schools and modern business parks. According to figures released by Hampshire County Council for 2018 the population of Eastleigh Borough was 131,819 reflecting the rapid but controlled expansion in residential, industrial and commercial development over recent years. It enjoys excellent communication links by road, M3 & M27, main line rail and air. Nearby Southampton International Airport attracts more than 11 airlines serving around 40 destinations, its 1.5 million passengers passing through each year have helped promote the Borough as an ideal base for companies setting up in the region. It is also ideally placed for visiting the natural outstanding beauty of the New Forest, the Isle of Wight and the Dorset coastline and the historic towns of Winchester, Salisbury and Romsey.

 BUSINESS: 

This profitable, independent vehicle body shop carries out bodywork repairs to customers’ vehicles. The vendor runs the business single-handed with no other employees. The business was established in 1986 when the vendor completed a time-served apprenticeship with a Ford main dealership. Over the past 12 months, motor trade customers accounted for 49% of revenues, with 36% from private motorists and the remaining 15% from insurance claims. The company is a member of the Buy With Confidence Scheme.

 TRADE: 

Accounts inspected by Adams & Co show turnover for the year ended 31 December 2022 of £137,811 with gross profits of £118,694 (86%) which compares favourably with the previous year’s turnover of £137,116 and gross profits of £108,236 (79%) underlining the consistent performance of this efficient, well-run business.

Please note that if a business is VAT registered, all figures exclude VAT.

 BUSINESS PREMISES:

(all sizes are approximate & should be considered 'nominal'.) 

The 840 sq ft/78 sq m premises are divided as follows:

Ground Floor

Overall Unit 44ft 3”/13.5m deep x 17ft 8”/5.4m wide (840sq ft/78sqm)

Workshop Floor 19ft 8 ins/6m x 17ft 8 ins/5.4m

Spray Booth 8ft 3”/2.5m high x 12ft 9” 3.9m wide x 22ft 4”/6.8m long

Mezzanine

Office 6ft 9”/2m wide x 9ft 9”/3m deep

WC 5ft4”/1.6m wide x 4ft 4”/1.3m deep

Storage area above Spray Booth 14ft 4”/4.4m wide x 24ft 7”/7.5m deep

KEY EQUIPMENT: 

Todd Engineering Gas-Fired 1000 Spray Booth

 The Olympian 1000 booth is a rear extraction type spray booth with an extraction chest at the rear and plant work situated on top. This design provides a front to rear, diagonally flowing tunnel of air which moves across the entire vehicle to carry away paint overspray and vapours, without the need for excavation, floor grids, etc.

14,000m³/hr Air Flow Rating

3kW Direct Drive Bifurcated Fans

VSD Inverter Drive Motor Control

State-of-the-art LED Lighting System

Water-Based Compatible

3.5 Air Changes per Minute

Diagonal airflow system installed on a flat surface.

Direct Fired Gas Burner

Cabin – White Internal/External Double Insulated Panels

Front doors in a Twin Leaf Format Internal Dimensions: 2.5m high x 3.9m wide x 6.8m long.

Spectral Colour Technology’s Computerised Mixing

Spectral 2.0 Technology provides state-of-the-art  processing solutions for high quality finishes and workmanship at every stage of the paint repair process: from anti-corrosive protection to filling, priming, colour matching, clearcoat application and introduction of dedicated additives. The paint mixing computer system and software is free on-loan while customers use Noval’s paint products. Dedicated Spectral 2.0 oriented training programs and demonstrations are available at paint shops, without interrupting the repair business. The Spectrometer is on a £60 per month rental scheme but can be returned at any time.

Nordlift 2500 Electro-Hydraulic 1-Post Lift 2500kg Capacity 

The Nordlift 2500 is an electro-hydraulic 1-post lift with lifting capacity of 2500 kg. The DH-2500 is designed for body repair workshops, the lifting arms stays completely under the car providing full accessibility to both sides of the vehicle.

ABAC Genesis 7.5Kw Air Compressor

 ABAC Genesis 7.5Kw (28CFM @ 13 Bar) tank mounted (270 Litre tank) C55 screw air compressor. A unique integrated air workstation with compressor, refrigerant dryer, automatic drain, line filter (0,1 micron) and 270ltr receiver High performance air ends, providing robustness and reliability. Comfortable working environment: extreme low noise level thanks to generous canopy insulation. As efficient as the large industrial compressors: low maintenance, low energy consumption, low service input. Enhanced efficiency of equipment and tools thanks to integrated refrigerant dryer and filter. Space efficient design - the GENESIS series compresses and processes full quality air in minimal space. Simple and fast maintenance: long service intervals, quick access to belts, filters & dryer, smart maintenance kits; oil level indicator. Maximum energy efficiency variable speed version. Full control and functionality achieved with just a few clicks of the intuitive smart controller. 

Note: Where items of equipment and appliances are mentioned, no warranty is given or implied as to their operational condition.

TENURE:                          

 The vendor owns the freehold which is also offered for sale. Alternatively, a new lease will be available to the purchaser on favourable terms with opening rent of £13,500 per year.  The freehold is also available for an additional £225,000.

 RATES: 

The rateable value of the business premises is £8,700 therefore zero rates are payable for the year 2023/24.

Note:

This information has been obtained either from the current rate demand for the property, by telephone from the local authority or by reference to the VOA website. The amount payable is the standard rate for the Rateable Value shown. In some circumstances this may vary, and therefore it is recommended that potential buyers make their own enquiries through the local authority to check the applicable rateable value and whether the rates payable will be the figure quoted above.

 SERVICES:                        

We understand from the vendor that all main services are connected to the property.

HOURS:  

Monday to Thursday          0700 to 1700

Friday                                       0700 to 1200

Saturday/Sunday                Closed

TRADE: 

Accounts inspected by Adams & Co show turnover for the year ended 31 December 2022 of £137,811 with gross profits of £118,694 (86%) which compares favourably with the previous year’s turnover of £137,116 and gross profits of £108,236 (79%) underlining the consistent performance of this efficient, well-run business.

Please note that if a business is VAT registered, all figures exclude VAT.

Financial information will be made available to seriously interested purchasers after they have formally viewed the business

STAFF: 

The vendor runs the business single-handed with no employed staff.

STOCK:               

The vendor informs us that the value of the stock is approximately £4,000.

LEGAL FEES: 

Vendors and Buyers each to meet their own legal costs, but if a lease is to be assigned from the vendor to the buyer they will also be expected to share the landlord’s legal costs on a 50/50 basis. If a buyer wishes to negotiate a ‘new’ lease, they will be responsible for all the landlord’s legal costs.

COMMENTS: 

The vendor’s decision to retire has created an exciting opportunity for either a hands-on owner or motor retailer to acquire an established body work repair business and build on the solid foundations laid down by the owner over the past 37 years.

VIEWING 

If you wish to discuss this business opportunity in greater detail, or arrange an appointment, please call Nick (023) 8025 3910

PLEASE DO NOT MAKE CONTACT DIRECTLY WITH THE BUSINESS