Top-Rated South London MOT Garage and Tyre Dealer Business for Sale
Undisclosed, London
- Status
FOR SALE
- Date Submitted:
31/07/23
- Advert ID
517372
- Reference
INT2808 / Rightbiz
- Call Agent:
- Leasehold: £330,000
- Turnover: £228,077 (£4,386 Per week)
- Net Profit: £71,945 (32% Profit margin)
Business Details
Long Standing MOT Garage & Tyre Dealer for Sale in South London
Now on the market is an independent tyre dealer and MOT garage that is top-rated in South London, with a Google rating of 4.9 out of 5 from nearly 400 reviews. The business was founded over 20 years ago as a new and used tyre centre, and recently added a fully compliant, fully fitted MOT station that meets all VOSA requirements. This makes the garage an extremely popular location for MOTs, and it can handle up to 10 MOT tests per day.
The business has four key areas including - new and reused tyres, wheel alignment, MOTs, and basic and essential servicing. The clients are mainly locals, but the business also attracts customers from further afield in London due to its excellent reviews and reputation.
The garage is fully equipped - in addition to the £50,000 spent on the MOT station, the business has recently invested in three new tyre machines, a compressor, new flooring, and tools at a cost of a further £50,000 and as a result, the garage is equipped to the highest of standards.
The garage has 3000 sqft of tyre storage, which allows it to keep in stock low profile and other niche tyres.
The freehold is also available and would be available with offers over £550k with possibility for residential development - waiting on this being approved.
Contact Agent
Listing Statistics
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Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
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