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Archived

Stock and Retail – Lease Sale

Basildon, Essex

  • Asking Price: £39,995 +SAV
  • Turnover: Whilst trading Pound Lane Auto Discounts generated an advised turnover of circa £260,199 as of the 2016 accounts, with a gross profit of £55,822 a net profit of £26, 947 and an adjusted net profit of £39,619

    Previous years have had a gross profit of circa £300,000

    Please quote reference B05087

  • Tenure: Leasehold

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Please quote reference B05087

Hilton Smythe welcomes to the market Pound Lane Auto Discounts. 

Whilst trading the business Covered Essex and much further offering parts on a wide range of vehicles from an early Ford Anglia or the latest BMW. 

Hilton Smythe highly advise early viewing to avoid disappointment

Not applicable

In the process of closing down.

Pound Lane Auto Discounts is located in Bowers Gifford, Essex.

Bowers Gifford is located just east of Basildon and the business itself is located on a main road within a semi-detached building and surrounded by many garages that serve the area.

The shop is easy accessed as it is located close to the A13, A127 and A130, making it accessible to Basildon, Chelmsford, Southend and many other areas.

There is customer parking directly outside the shop and there is a driveway to the side of the building that is ideal for staff parking

The shop is entered from the front to the reception area with shelving for oils etc and the staff counter.

Behind the counter is the computer system and numerous shelves and racking for stock, doorway to rear stock room and stairs to the first floor stock rooms

Rear stock room with more shelving and racking for stock

There is a lobby off here with a door to the staff toilet, a door to the kitchen and a door to the rear courtyard.

The rear courtyard is accessed by vehicles to the side and is long enough to park 3-4 cars. There is a covered area in the courtyard with a workbench and vice and a door to the rear two storey stock room.

The rear stock room has further shelving and racking for stock and has a ladder that leads to the first floor with more stock.

Past the outside stock room is another storage area.

On the first floor are two rooms with shelving and racking for stock and there is a loft space with further stock.

Tenure
We are advised the business is being sold as a leasehold business opportunity with a new lease to be written as our client is the freeholder.

The annual rent will be £15,000.

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