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Thursday 24th of Aug 2017 - My Account - Register - Brokers - Bookmark RightBiz
Leasehold:
£145,000

Camden Garage Premium Advert

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Reference5626 / RightBiz
Status
FOR SALE
Advert ID194866
LocationCamden Town, London
SectorGarage Businesses
Leasehold Price£145,000
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Date Ad Submitted
    Established Over 40 Years

    Annual Turnover £212,767

    Gross Profit 58%

    Retirement Sale

    Closed Weekends

    EPC - TBC

Description:
REF 5626 – Leasehold Garage (VW and Audi Specialist)





Blacks Business Brokers are proud to bring to the market this leasehold garage located in the affluent and much sought after area of Kilburn, Camden Town.






INTRODUCTION

Green Garage Ltd has been trading for over 40 years, having been in this location for 30 years with our client in ownership since 2002. During that time, it has firmly established itself within the local community and within this competitive business sector, having gained a large and loyal customer base and a superb reputation. Green Garage is a local, independent specialist in servicing and maintaining Volkswagen Audi Group cars and vans. The business is also an official Which? Trusted Trader members and full member of the Motorcodes Industry Code Of Practice.






LOCATION

Green Garage is located under the railway arches in Loveridge Road, Kilburn, North West London, between West End Lane and Kilburn High Road. Just off Kilburn High Road and about a 1 minute walk from Kilburn Underground Station on the Jubilee line. This area is densely populated and exceptionally sought after with many commuters and city workers in the area. The business offers parking on the large forecourt to the front of it’s premises.






REASON FOR SALE

Green Garage Ltd is only being offered for sale due to our clients retirement.






LEASE

The building is available on a competitive rent on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial property lease. The current lease is renewable for a 3 year term. The current lease runs at a cost of £18,750 per annum.






BUILDING LAYOUT AND DESIGN

Green Garage Ltd is housed within a large, two storey industrial unit underneath the arches of the railway bridge. Inside, the business is well presented with a large workshop area housing two poster lifts, one uni lift, diagnostic station and air conditioning station. The garage is fully equipped to a professional standard and all specialist tools are of a high standard and well maintained. The space also houses a separate staff toilet and a private office area with a small kitchen. On the first floor is a storage room currently used for stock.


STAFF

Green Garage Ltd is operating with two members of staff in addition to our client working on a full time basis.






FINANCIAL DETAILS

Financial details are available upon a viewing of the business and Green Garage Ltd has traded solidly over its trading history. The business generates an annual turnover of £212,767 with strong 58% gross profits. Most customers are from the local area as one would expect, with some additional trade from recommendation customers and long standing customers that still travel to use this reliable business.






SUMMARY

This leasehold business is well established and brings consistent weekly takings all year round and has a large, loyal customer base in place with a reputation second to none. There is plenty of scope to develop the business further with weekend opening and additional staff to accept more work. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised and are invited by appointment only.






Fixtures & Fittings:
x2 Poster Lifts

x1 Uni Lift

x1 Air conditioning Station

Diagnostic Tooling Station

Specialist Tools


Opening Hours:
MON - FRI: 08:00 - 18:00
SAT & SUN: CLOSED
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