| | | BUSINESS FOR SALE ADVERT DETAILS | | | ADVERT VIEWED : 6,820 TIME(S)
BUSINESS REFERENCE : 7009 / RightBiz LEASEHOLD GARAGE IN LONDON | | | | | | Garage London W/T: £3,700. GP: 85% Prominent location. Healthy turnover. Huge potential to diversify services. Low overheads. Genuine reason for sale. | | | BUSINESS LOCATION: | Undisclosed London UNITED KINGDOM | | BUSINESS SECTOR: | Motor & Transport | | TRADE TYPE: | Garages | | SALE: | Agent Sale | LEASEHOLD: | £175,000 + SAV | ANNUAL RENT: | £18000 | | | | | | | | | | | BUSINESS DETAILS: | This garage occupies a prime position in a popular and busy location in a thriving area of East London. It is surrounded by a range of similar industrial units that are a considrable draw and well placed to capture passing trade. The immediate area is also predominantly residential and densely populated. The area has seen great change over the last few years and has now become hugely sought after, especially by young professionals. The public transport links around the business are exceptional, with bus and rail stops just a short walk away. The business is located just to the north of the A13 and A11 two major routes into and out of the centre of London from the East and just south of the A10 a major route into London from the North. All three of these roads lead directly onto the M25 London Orbital motorway.
Bag A Businessl is delighted to offer to the market this well located and highly successful garage, which has been established since 1948 and in the careful ownership of our client since 1965. It is only now being offered to the market due to our clients' wish to retire. The business has a strong presence in the area and a very loyal customer base. It has been recently been refurbished and has efficient, up-to-date equipment. The garage specialise in MOTs, achieving a respectable turnover of approximately £4,500 per week, with a gross profit in the region of 85%.
We feel that this turnover could be greatly increased by extending the opening hours or diversifying the range of services. This is a great opportunity for a new owner to build upon, and the business has been priced to achieve maximum interest. Early viewing is strongly recommended.
FINANCIAL PROFILE
W/T: £3,700 (approx.)
GP: 85%
OPENING HOURS
Mon - Fri: 8.30am - 5.00pm
Sat: 8.30am - 1.00pm
Sun: Closed
PROPERTY DETAILS
Large railway arch with access at each end, set out on a drive through basis. Briefly comprising:
GROUND FLOOR
Entry from both ends
2 MOT bays
Repair bay
Tuning equipment
Welding equipment
Top of the range tools
High standard of fixtures and fittings
W/C
2 x offices
TENURE
Leasehold
Original length: 15 years
Remaining length: 15 years
Review every: 3 years
Rent: £18,000 per annum | | | | | | FOR SALE | | | | | SELLER: | BAG A BUSINESS | | CONTACT: | 01204 544400 | | REFERENCE: | 7009 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
