Leasehold Automotive Service & Repairs Centre In Central London | | Southwark London | | Phoenix Business Agents are delighted to place onto the market this leasehold automotive service and repairs centre which has been established since 1980. The business has been in the hands of the current owner since 1980 and he now wishes to sell. | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 67500
ADVERT IMPRESSIONS : 22,482 TIME(S) | | | | BUSINESS SECTOR: | Motor & Transport | | TRADE TYPE: | Garages | | SALE: | Agent Sale | ASKING PRICE: | £75000 | LEASEHOLD: | £75000 | ANNUAL RENT: | £29000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | - Situated in the Southwark area of Central London.
- Prominent location on main arterial road.
- Situated in a spacious railway arch.
- Excellent parking facilities nearby.
- Industrial estates nearby.
- Surrounded by a densely populated residential area with schools and other local amenities.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- Commercially thriving area.
- Well linked with the A300, A3 and A2.
- Blackfriars, Southwark, London Bridge and the South Bank all lie close by.
- Area enjoying much growth and regeneration.
- A lifestyle area.
- Excellent local demographics for this type of area.
- Affluent area.
Business Details
The particular highlights of the business are:
- A well established business.
- Good loyal clientele.
- Fully equipped business with favourable lease terms (see below).
- Turnover in excess of £170,000 pa (see financial summary below).
- A business with great potential.
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business
- Low rent and rates.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation
- The concern provides automotive service and repairs especially for BMW and Mercedes due to the high number of Chauffeurs operating in the area.
History
Phoenix Business Transfer Agents are delighted to place onto the market this leasehold automotive service and repairs centre which has been established since 1980. The business has been in the hands of the current owner since 1980 and he now wishes to sell due to ill health and retirement.
Services
This very good business opportunity provides automotive service and repairs especially for BMW and Mercedes due to the high number of Chauffeurs operating in the area.
Staffing
The concern employs 2 full-time staff and the wages are £36,000 pa.
Owners Role
The owner is involved in the day to day running of the business.
Marketing
No marketing or promoting of the business has recently been undertaken as the business is well known.
Competition
There is no local competition.
Market
The client base consists of a mixture of local residents, business workers/owners and a high number of Chauffeurs operating in the area.
Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings and local and internet advertising.
• Increasing the opening hours to include Saturday trading.
• Becoming more efficient with staffing levels.
• Working more hands on hours and saving on wages.
• With the introduction of a website and e-commerce.
Training and Handover
The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The owner would also be happy for an on the job observation period to assess the business prior to offers being made.
Property Details
The property is terraced and is approximately 3,200 sq ft. The front is branded with an attractive glass front. There are electric shutters and a CCTV system. The main customer service area is tiled/carpeted/wooden with a middle aisle and shelving to the walls. It is very well presented and is very conveniently laid out.
To the rear is a store room. There is a toilet and staff facilities.
Equipment with Sale
All fixtures, fittings and equipment are included in the sale price and are valued at £50,000.
Financial Details
The present annual turnover is £175,000. The wages are £36,000 pa. The present value of the stock is £30,000.
The potential turnover of the business within the next 2 years is forecast to reach £250,000 pa given the changes that are required to be made to the business. Full financial disclosure is available on request after viewings and the signing of a confidentiality agreement.
Please note Phoenix do not guarantee the accuracy of these figures which are in many cases estimated and are not verified. Please do not rely on the accuracy of these figures and seek professional help before making any offers. Phoenix will not be held liable for any inaccuracies in these figures or any other statements contained in relation to this business.
Trading Hours
Monday to Friday: 6.00am – 6.00pm
Saturday and Sunday: Closed
Tenure
The current lease is on a rolling agreement. The rent is £29,000 including rates. The lease is renewable and negotiable for longer term if required.
Viewings
The owners are available for viewings at any time by prior arrangement.
Price: £75,000
Ref: 2311
Disclaimer
These details do not constitute part of an offer or contract.
The statements and descriptions given are made without warranties by Phoenix Business Agents Limited who it should be noted have NOT verified the information provided.
Purchasers should in all cases undertake financial due diligence using their own professional advisors before committing themselves in contract rather than relying on illustrations ,figures and information given on behalf of the seller. | | | | | | FOR SALE | | | | | REFERENCE: | 2311 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
