Adams & Co - Business Transfer Agent, Business For Sale UK

£125,000 LH or 650,000 FH / SUBSTANTIAL MOTORHOME SALES, REPAIRS and SERVICING - E Sussex / ref: SE001443

Full particulars.

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FULL PARTICULARS

A SUBSTANTIAL USED MOTORHOME SALES, REPAIRS and SERVICING BUSINESS ON LARGE PROMINENT SITE IN A MAIN COAST ROAD TRADING POSITION IN EAST SUSSEX

LOCATION
This well established business is located in an excellent trading position in a beautiful location close to the Sussex/Kent border on the busy A259 Coast Road between Folkestone in Kent and Hastings in East Sussex. It is also easily accessible via the A21 to London and to Ashford via the A28.

The setting is close various coastal resorts and there are several large caravans sites in the local area, which is also very popular with tourists and holidaymakers from all over the UK and abroad.

THE BUSINESS PREMISES
The premises are set on a plot size of approximately 3,650 sq metres (almost 1 acre) TBV and offer a large forecourt with a display area for 30+ motorhome units and the garage itself comprises of a detached building including management offices, showroom/workshop and an accessory shop.

There is a mezzanine storeroom and male and female toilets and there is a freestanding workshop currently used as a small body repair shop as well as a fully equipped woodwork shop, both fully equipped for repair and conversion.

The premises are located in a corner position facing the road, providing good frontage and are deceptively large, the forecourt is largely laid to tarmac with some pea shingle covered hard-standing.

Additional Mechanical Workshop
In addition to the main premises, the business also has an additional mechanical workshop located on a nearby industrial estate. Large enough to fit 4 motorhomes, the premises are self-contained standing on approximately 125 sq metres (TBV) and has a small kitchen, toilet and outside storage. Again, it is fully equipped with a ramp, etc and the freehold for this unit is also owned by the vendor and is included in the sale price.

The total square footage of both premises combined is approximately 40,600 sq.ft and the main trading premises has good customer parking facilities and prominent eye-catching signage.

TENURE
The business is being offered for sale either as a complete Freehold sale or on a leasehold basis with a new lease and initial proposed rent of £42,000 per annum to include both premises.

THE BUSINESS
The business has been established since 1996 and is well known and regarded as a specialist in used motorhomes, and offers any new owner lots of additional scope to expand from its already profitable base.

The company operates a long-standing and successful website which brings customers from all over the United Kingdom, and even abroad, to purchase motorhomes. Due to the specialist nature of the business, people will travel long distances to purchase motorhomes, and the business regularly attracts customers from London as well as the entire South East of England. The business is particularly well placed to the Channel Ports for touring in Europe and has attracted customers from Europe via the website.

Additionally customers travel from all over Sussex, Kent and London for repair, servicing and Insurance bodywork, and it is felt that this area could easily be expanded upon, if desired. Motorhome hire is extremely popular and this is another untapped area. There is also the possibility of taking on a motorhome/caravan dealership, again if preferred.

The business is run by the husband and wife owners with the help of a salesman, carpenter, technician, mechanic and his trainee, plus a part-time accounts lady (3 days a week) and a cleaner, and the turnover in the last financial year was in excess of £1,500,000.

The business sells approximately 120-160 units a year, and during the quiet months of Dec-Feb, uses the time to concentrate on doing the odd conversion. The accessories shop, is attached to the sales/administration office and provides a small selection of essentials, and although more as a service for customers, could also be easily expanded upon through the website, if desired, as can the sale of awnings, etc

There is strong demand for used motorhomes/caravans and leisure vehicles, even in these challenging times, and there are very few businesses who specialise in used vehicles in the area, so this business has a successful niche. The directors, who have enjoyed this excellent business over the last 15 years, are now approaching retirement age are looking enjoy a slower pace of life and are willing to consider offers for the sale of either the freehold or leasehold, and are also prepared to provide some form of funding arrangement (subject to agreement) for the current stock of used motorhomes which is estimated to be the region of £150,000-£200,000.