| | | BUSINESS FOR SALE ADVERT DETAILS | | | ADVERT VIEWED : 4,351 TIME(S)
BUSINESS REFERENCE : 8941 / RightBiz LEASEHOLD GARAGE FOR SALE IN LONDON | | | | | | Garage London T/O: £65,000. Busy garage on a modern industrial estate. Huge potential to increase trade. Loyal client base. Ref: 8941 | | | BUSINESS LOCATION: | City of London London UNITED KINGDOM | | BUSINESS SECTOR: | Motor & Transport | | TRADE TYPE: | Garages | | SALE: | Agent Sale | LEASEHOLD: | ££59995 + SAV | ANNUAL RENT: | £11500 | | | | | | | | | | | BUSINESS DETAILS: | Location
AW Motors is ideally situated on a modern industrial estate, which contains a good mix of complementary businesses. There is ample secure customer parking in the yard to the front of the unit and the nearby car park. Trade is drawn from the nearby densely populated residential area known as Camden, as well as from people who work locally. There has been tremendous investment in the surrounding area, particularly at Kings Cross and at St Pancras Station, which has been extended to provide a terminus for the Eurostar. The business is well located in central London being close to Mornigton Cresent tube station, as well has having good access to the A40, which becomes the M40. It is also convenient for the M1 and the A1.
Business History
Bag A Business is pleased to offer to the market this busy garage business, which was established in 1984 and has been under the careful ownership of our client since 1987. It is now only being placed on the market as he wishes to retire. The business has an annual turnover in the region of £65,000 (deliberately kept below the VAT threshold), which is derived from the service and repair of all makes of car and light commercial vehicles up to MOT standard. The business enjoys a good local reputation for providing an excellent service and quality work at competitive rates. We feel that this opportunity represents an ideal base for a new owner to build upon perhaps by increasing the opening hours to include evening and Saturday opening. Early viewing of this thriving garage business is strongly recommended.
FINANCIAL DETAILS
T/O: £65,000 approx
OPENING HOURS
Mon - Fri: 8.00am - 5.00pm
Sat - Sun: Closed
PROPERTY DETAILS
Single storey industrial unit, briefly comprising:
GROUND FLOOR
. Well equipped workshop with two lifts and room for four vehicles
. Office
. WC
. Stockroom
. Two store cupboards
EXTERNAL
. Secure yard enclosed by fencing with room for two vehicles
TENURE
Leasehold
Original lease length: 6 years
Remaining lease length: 3 years
Review every: 3 years
Rent: £11,500 per annum | | | | | | FOR SALE | | | | | SELLER: | BAG A BUSINESS | | CONTACT: | 01204 544400 | | REFERENCE: | 8941 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
