Mercedes Parts Supplier and Garage in Epping Green Essex for Sale at £300,000
Epping Green, Essex
- Status
FOR SALE
- Date Submitted:
14/08/23
- Advert ID
518088
- Reference
12585_J / Rightbiz
- Call Agent:
- Leasehold: £49,995
- Turnover: £500,000 (£9,615 Per week)
- Net Profit: Not Applicable
Business Details
Substantial Garage and Car Dealership
BusinessCoGoGo is delighted to welcome to the market this well-established and busy Mercedes car parts supplier and repair business in North Weald, Essex.
Priced at £49, 995 +SAV - the stock is valued at just less than a million, the owner is willing to sell everything for £300, 000 with stock included.
The business was established by our client in 1990 and is only now being offered to the market due to our client’s desire to concentrate on other business interests. The business currently operates 5½ days per week and generates a turnover in the region of £500,000 per annum, with a good gross profit.
Our client offers a wide range of parts and spares for Mercedes cars, vans and 4 x 4s, with parts ranging from 1959 to current models and include engine & body parts, which are sold on websites including First Class Mercedes, Parks Gateway, 1st choice spares and eBay, which accounts for 70% of the sales. The other 30% is from Mercedes servicing, diagnostics, mechanical and body/paint repairs, which is actioned on site in the fully equipped garage.
The business has built up an enviable reputation within the area and further afield for the high quality of the goods and services offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations.
We feel there is scope to increase the turnover by extending the opening hours and increasing the repairs side of the business. A new owner could also embark on a modest marketing campaign to highlight the services offered.
This is an excellent opportunity for a new owner to take this already thriving business to the next level; therefore, early viewing must come highly recommended to avoid disappointment.
Location
All Class Mercedes occupies substantial premises, ideally located on a private farm site within the village of North Weald in the Epping Forrest District of Essex. The business is surrounded by complimentary businesses and benefits from a high volume of passing trade. The business further benefits from good car parking facilities.
North Weald is located just over 2 miles east of Epping, 4½ miles North-West of Chipping Ongar and 3½ miles south of Harlow. The village is famous for its market, which is held every Saturday and Bank Holiday Monday at North Weald Airfield. The market used to be the largest open air market in the country, but has now reduced its size over the years.
The area of the business is well served by the A-roads, with the business located just of the A414, which links to the national A-road and motorway networks. The nearest London Underground service to the village is Epping, which is served by the Central line. The closest National Rail service is from Harlow Town. The City of London is approximately 30 miles away and Chelmsford is 15 miles away.
Premises
Substantial premises in a prime trading location, briefly comprising:
Repair workshop with a two post ramp and large storage area with fixed shelving.
6 x storage garages.
Portable cabin, used as an office with reception area with desk, 3 x desks with computer stations.
Large yard used for car and parts storage and car parking.
Tenure
We are advised Leasehold:
Rolling lease.
Rent: £33,800 per annum
Hours
Monday to Friday 9.00am till 5.00pm
Saturday 9.00am till 1.00pm
Sunday Closed
Staff
The business is owner run and managed with 2 x staff members.
Financial Profile
The business generates a turnover in the region of £500,000 per annum, with a good gross profit.
The owner has advised he is open to offers on the additional stock.
Contact Agent
Listing Statistics
Contact the seller for more details, or book a viewing
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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.
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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.
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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.
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