Property photos
Leasehold
£250,000
Parking for sale
Challenge Way, Colchester CO1Local area information
Property location
Nearby amenities
- Hythe (Essex) 0.2 miles
- Unity Primary Academy 0.5 miles
- Kendall Church of England Primary School 0.6 miles
- Colchester Town 0.8 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Leasehold
We are pleased to present a rare opportunity to acquire a well-established vag specialist mot station in the heart of Colchester. This business has been successfully operating for a number of years, building a strong reputation for quality service and reliability.
Key Features:
Established Clientele: Loyal customer base with regular repeat business and excellent word-of-mouth referrals.
Comprehensive Services: Fully equipped to offer a wide range of mot testing and vehicle repair services, in addition to being a vag specialist.
Experienced Staff: Skilled and certified technicians willing to stay post-sale, ensuring a smooth transition.
Modern Equipment: Up-to-date diagnostic and repair tools, ensuring compliance with all regulatory requirements.
Strong Financials: Consistent turnover and healthy profit margins with potential for further growth.
Reputation: Outstanding 4.9-star rating on Google Reviews.
Accolades: Finalists for the iga's British Independent Garage Awards 2023.
Facilities: Spacious workshop with multiple bays; Comfortable waiting area for customers; Office space for administrative tasks; Secure storage for parts and equipment.
Growth Potential: There is significant potential to extend the trading days and times as our client currently closes on weekends which leaves massive scope to increase business. Also, increasing marketing efforts would also help grow the business.
For more details or to arrange a viewing, please contact us now! RX407750
Location
The premises is situated within an established industrial estate that is surrounded by a densely populated residential community, giving high levels of potential custom
Tenure
10 year lease from July 2019 at a current rental of £8,103 per quarter
Premises
A double industrial unit with forecourt area providing 9 parking bays, a roller shutter to the front and single entrance door both lead into the premises which measures approximately 5,191 sq. Ft. And is arranged as follows:
Ground floor warehouse 3,999 sq. Ft.
Ground floor office 326 sq. Ft.
Ground floor area under supported floor 270 sq. Ft.
Mezzanine floor store 270 sq. Ft.
Mezzanine floor store 326 sq. Ft
Equipment
The premises is fully equipped to trade with the following major items (a full inventory will be provided at the point of sale); autel diagnostic autel MK908FDL03; sykes pneumatic spring compressor; 40'' rc draw storm grey W/black snap-on cabinet; 2M heater manual fuel oil heater; autodata subscription + rmi membership; fill dev ase vag for drc; nvr CCTV and intruder system; g-floor protector / hilka professional 24 garage steel cabinets; snap-on zeus+; benpak 4.5 tone 2 post lift/ john beam V2200 wheel alignment; 2X mot bays + wheel; alignment from hofmann (class 4,5,7); megaspin 820P hofmann super ehrrl balancer auto; vw up blue AO66ZPF hire car; abac genesis 11KW 53 cfm 10 bar 270L compressor
Equipment Continued
Ilientech kess autotuner - tunning programmer; sealey 4 drawers organisers; various snap-on tools and milwaukee tools + M18 guns and side guns; snaop-on wheel aligner desktop; 1 torque wrench 1/2 elect electric and 2.5 ally race snap-on; tyre changer giuliano; jump pack 950AMP/ remote starter switch snap-on; ev rolec charger 1X 22KW; gys 026988 gysflash 101.12 cnt battery support; dual gas maschine snap-on; tool boxes, trays; 2X pc computers, 8X laptops with diagnostic and programing, 4X ipads.
Trading Hours
Monday to Friday 8 am-6pm, Closed Saturday and Sunday
Staff
The business is run by 2 vendors, 1 being a mot tester and the other dealing with the admin / financial side of the business. They are assisted by 3 Full time mechanics and 1 full time office receptionist
Turnover
Most recent 4-quarters VAT returns confirm a net turnover of £517,703. Full financial information can be disclosed to seriously interested applicants following a viewing of the business
Business Rates
The premises is subject to a rateable value of £26,500 and we are advised the business rates are payable at £331 per month
Legal Costs
Each party to be responsible for their own with the landlords legal cost to be split 50/50
Disclaimer
Whilst every care is taken to ensure that these particulars are correct, accuracy is no way guaranteed and none of the information supplied forms part of any contract. Acceptance of these particulars constitutes a contract to the effect that all negotiations for the business or property will be made through Gilbert & Rose otherwise the purchaser will be equally responsible with the vendor for damages equal to the amount of our commission
Key Features:
Established Clientele: Loyal customer base with regular repeat business and excellent word-of-mouth referrals.
Comprehensive Services: Fully equipped to offer a wide range of mot testing and vehicle repair services, in addition to being a vag specialist.
Experienced Staff: Skilled and certified technicians willing to stay post-sale, ensuring a smooth transition.
Modern Equipment: Up-to-date diagnostic and repair tools, ensuring compliance with all regulatory requirements.
Strong Financials: Consistent turnover and healthy profit margins with potential for further growth.
Reputation: Outstanding 4.9-star rating on Google Reviews.
Accolades: Finalists for the iga's British Independent Garage Awards 2023.
Facilities: Spacious workshop with multiple bays; Comfortable waiting area for customers; Office space for administrative tasks; Secure storage for parts and equipment.
Growth Potential: There is significant potential to extend the trading days and times as our client currently closes on weekends which leaves massive scope to increase business. Also, increasing marketing efforts would also help grow the business.
For more details or to arrange a viewing, please contact us now! RX407750
Location
The premises is situated within an established industrial estate that is surrounded by a densely populated residential community, giving high levels of potential custom
Tenure
10 year lease from July 2019 at a current rental of £8,103 per quarter
Premises
A double industrial unit with forecourt area providing 9 parking bays, a roller shutter to the front and single entrance door both lead into the premises which measures approximately 5,191 sq. Ft. And is arranged as follows:
Ground floor warehouse 3,999 sq. Ft.
Ground floor office 326 sq. Ft.
Ground floor area under supported floor 270 sq. Ft.
Mezzanine floor store 270 sq. Ft.
Mezzanine floor store 326 sq. Ft
Equipment
The premises is fully equipped to trade with the following major items (a full inventory will be provided at the point of sale); autel diagnostic autel MK908FDL03; sykes pneumatic spring compressor; 40'' rc draw storm grey W/black snap-on cabinet; 2M heater manual fuel oil heater; autodata subscription + rmi membership; fill dev ase vag for drc; nvr CCTV and intruder system; g-floor protector / hilka professional 24 garage steel cabinets; snap-on zeus+; benpak 4.5 tone 2 post lift/ john beam V2200 wheel alignment; 2X mot bays + wheel; alignment from hofmann (class 4,5,7); megaspin 820P hofmann super ehrrl balancer auto; vw up blue AO66ZPF hire car; abac genesis 11KW 53 cfm 10 bar 270L compressor
Equipment Continued
Ilientech kess autotuner - tunning programmer; sealey 4 drawers organisers; various snap-on tools and milwaukee tools + M18 guns and side guns; snaop-on wheel aligner desktop; 1 torque wrench 1/2 elect electric and 2.5 ally race snap-on; tyre changer giuliano; jump pack 950AMP/ remote starter switch snap-on; ev rolec charger 1X 22KW; gys 026988 gysflash 101.12 cnt battery support; dual gas maschine snap-on; tool boxes, trays; 2X pc computers, 8X laptops with diagnostic and programing, 4X ipads.
Trading Hours
Monday to Friday 8 am-6pm, Closed Saturday and Sunday
Staff
The business is run by 2 vendors, 1 being a mot tester and the other dealing with the admin / financial side of the business. They are assisted by 3 Full time mechanics and 1 full time office receptionist
Turnover
Most recent 4-quarters VAT returns confirm a net turnover of £517,703. Full financial information can be disclosed to seriously interested applicants following a viewing of the business
Business Rates
The premises is subject to a rateable value of £26,500 and we are advised the business rates are payable at £331 per month
Legal Costs
Each party to be responsible for their own with the landlords legal cost to be split 50/50
Disclaimer
Whilst every care is taken to ensure that these particulars are correct, accuracy is no way guaranteed and none of the information supplied forms part of any contract. Acceptance of these particulars constitutes a contract to the effect that all negotiations for the business or property will be made through Gilbert & Rose otherwise the purchaser will be equally responsible with the vendor for damages equal to the amount of our commission
More information
Listed by
Gilbert & Rose Commercial
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Property descriptions and related information displayed on this page are marketing materials provided by - Gilbert & Rose Commercial. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Gilbert & Rose Commercial for full details and further information.