Property photos
Business
£119,995
Parking/garage for sale
Reading, England, United Kingdom RG1Local area information
Property location
Nearby amenities
- Civitas Academy 0.2 miles
- E P Collier Primary School 0.3 miles
- Reading 0.3 miles
- Reading West 0.5 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Reading to find out more about the local area.
Features and description
Business
Please quote reference B08727
Cogogo wants you to rev up your business portfolio with this dynamic alloy wheel repair enterprise, boasting 16 years of hands-on expertise.
Renowned for its top-tier service and a loyal customer base, this venture is primed for a new owner to steer it into its next chapter. The current owner is retiring, presenting a golden opportunity for an enthusiastic entrepreneur to take the wheel.
Strategically situated in Reading, this business benefits from a bustling locale with high visibility and easy accessibility. The premises are well-placed to attract both local and passing trade, ensuring a steady flow of customers.
Operating as a sole trader, the business specialises in alloy wheel repairs, including diamond cutting and refurbishments. With a strong online presence and a reputation for excellence, it has cultivated a robust client base. The absence of additional staff means lower overheads and the potential for increased profitability under new management.
The leasehold premises encompass both ground and upper floors. The upstairs area is currently sublet, generating an additional income stream. The workshop is fully equipped to handle a variety of alloy wheel repairs, ensuring a turnkey operation for the incoming owner.
Key Selling Points:
This is a rare chance to acquire a well-established, profitable business in the automotive repair sector. With a solid foundation and ample room for growth, it's an ideal venture for someone looking to drive their entrepreneurial ambitions forward.
Location
Silverims is located at Unit C8, Weldale St, Reading RG1 7BX.
Premises
The leasehold property includes both the ground floor and the upper level. The upper floor is presently sublet, providing a supplementary monthly income of £500. The workshop comes fully fitted with all the necessary equipment for a wide range of alloy wheel repairs, making it ready for immediate use by the new owner.
Tenure
The business operates under a 5-year lease, with 1.3 years remaining. The monthly rent is £1,050, inclusive of the sublet upper floor, effectively reducing the net rent to £550 per month.
Hours
The current operating hours are:
Monday to Friday - 9:00 am to 5:00 pm
Saturday - 9:00 am to 12:30 pm
Sunday - Closed
Staff
Our client runs and manages this business.
Financial Profile
This business generated a turnover of £65,000. Full financials can be made available upon request.
Please quote reference B08727
Cogogo wants you to rev up your business portfolio with this dynamic alloy wheel repair enterprise, boasting 16 years of hands-on expertise.
Renowned for its top-tier service and a loyal customer base, this venture is primed for a new owner to steer it into its next chapter. The current owner is retiring, presenting a golden opportunity for an enthusiastic entrepreneur to take the wheel.
Strategically situated in Reading, this business benefits from a bustling locale with high visibility and easy accessibility. The premises are well-placed to attract both local and passing trade, ensuring a steady flow of customers.
Operating as a sole trader, the business specialises in alloy wheel repairs, including diamond cutting and refurbishments. With a strong online presence and a reputation for excellence, it has cultivated a robust client base. The absence of additional staff means lower overheads and the potential for increased profitability under new management.
The leasehold premises encompass both ground and upper floors. The upstairs area is currently sublet, generating an additional income stream. The workshop is fully equipped to handle a variety of alloy wheel repairs, ensuring a turnkey operation for the incoming owner.
Key Selling Points:
- Established reputation with 16 years in the industry.
- Profitable subletting arrangement reducing net rent.
- Fully equipped workshop ready for immediate operation
- Opportunity for growth by expanding services or hiring staff.
This is a rare chance to acquire a well-established, profitable business in the automotive repair sector. With a solid foundation and ample room for growth, it's an ideal venture for someone looking to drive their entrepreneurial ambitions forward.
Location
Silverims is located at Unit C8, Weldale St, Reading RG1 7BX.
Premises
The leasehold property includes both the ground floor and the upper level. The upper floor is presently sublet, providing a supplementary monthly income of £500. The workshop comes fully fitted with all the necessary equipment for a wide range of alloy wheel repairs, making it ready for immediate use by the new owner.
Tenure
The business operates under a 5-year lease, with 1.3 years remaining. The monthly rent is £1,050, inclusive of the sublet upper floor, effectively reducing the net rent to £550 per month.
Hours
The current operating hours are:
Monday to Friday - 9:00 am to 5:00 pm
Saturday - 9:00 am to 12:30 pm
Sunday - Closed
Staff
Our client runs and manages this business.
Financial Profile
This business generated a turnover of £65,000. Full financials can be made available upon request.
More information
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