BESPOKE GARAGE CONVERSION COMPANY
Ref : M3445
Unless otherwise stated all rental figures and asking prices quoted in the above details are exclusive of any Value Added Tax that might be applicable.
- Operating in and around 40/50 mile radius from major South Devon city.
- Reputable and well established concern with over 12 years professional experience.
- Projected turnover approx. £165,000 per annum with generous net profit.
- Comfortably run from home base and fully relocatable.
- High levels of recommendation trade. Excellent online presence.
- Retirement sale. Excellent potential to develop.
- Viewing recommended
Trade is that of a REPUTABLE AND WELL ESTABLISHED BESPOKE GARAGE CONVERSION BUSINESS which is comfortably run from a home base in Plymouth and operates within a one hour (40/50 miles) radius of the city. The business was originally ESTABLISHED by our clients some 12 years ago and specialises in the conversion of domestic garages into bespoke additional living space, whether that be a study, playroom, bedroom, granny annexe, wet room, etc.
Over the years, our client has established an EXCELLENT REPUTATION with HIGH LEVELS OF RECOMMENDATION TRADE, having undertaken nearly 200 conversions to date. Our client provides a complete design and build service which can transform under utilised garage/store into a most valued additional living space.
The business is currently RUN by the one proprietor, who employs a full-time carpenter, together with a part-time bricklayer and electrician who are self-employed.
The business enjoys an EXCELLENT AND PROFITABLE YEAR ROUND TRADE and has shown consistent growth year on year. We understand that the TURNOVER for the year ending 31st March 2019 amounted to approximately £137,930, producing a GROSS PROFIT (after staff wage costs) of £45,809, producing a HEALTHY RECONSTITUTED NET PROFIT of approximately £31,574 for the period. We understand that trade for the current year has increased by some 20% and we understand that the PROJECTED TURNOVER for the year ending March 2020 should be somewhere in the region of £165,500 with an ANTICIPATED ADJUSTED NET PROFIT of around £39,000. Additional trading figures will be made available to prospective buyers after meeting our client.
Whilst trading successfully, it is felt that the business offers EXCELLENT POTENTIAL for further development. As detailed, our client chooses to currently operate within a one hour drive of Plymouth itself. This area could be expanded considerably to take in the whole of the South West from where enquiries are already received. With undoubted scope to increase the customer base in and around Exeter and Truro.
Our client has an informative website, and that can be viewed online by googling – CREATIVE GARAGES.
The business is now only being OFFERED FOR SALE as our client is looking to retire. He has indicated that he is more than happy to provide a prospective purchaser with a “handing over” period which hopefully will help to ensure the continued success of the business moving forward.
An excellent opportunity to acquire a reputable and well established business with a consistent and profitable year round custom, offering undoubted scope for future expansion.
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Huntley & Partners
20 Luxus House
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