Green Lane, Studley, Warwickshire

Property Details: • Type: 3,068 sq ft • Tenure: N/A • Floor Area: N/A

Key Features: • 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

Location: • Nearest Station: Redditch Station • Distance to Station: 2.6 miles

Agent Information: • Address: 1st Floor Offices 3 Trinity Street Stratford upon Avon WARKS CV37 6BL

Full Description: 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 £216,0402023 Color Code £203,337 Plus LHA Partnership £30,521 total £233,8582022 Color Code £188,453 Plus LHA Partnership £21,203 total £209,656Business 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.