Decade-Long Established Car Repair Center in Bethnal Green, London for Sale
Bethnal Green, LondonEst. 12 years
- Status
FOR SALE
- Advert ID
621720
- Leasehold: £30,000
- Rent: £36,000 (£3,000 per month)
- Turnover: £80,000 (£1,538 per week)
- Profit: On request
Key Features
- Prime Location
- Offers Invited
- New Lease
- Price Reduced
Business Details
10 years + Established car repair center
The car repair garage in Bethnal Green, London is now available for sale. This business offers a prime location on the main high street, surrounded by neighboring workshops, and caters to both the local community and clients from further afield. Known for its well-established presence over the past 10 years, the garage generates an impressive gross turnover of £80,000 annually and has potential for growth under the right ownership.
This facility is well-equipped with two working ramps, a spray booth, and a spacious interior that accommodates multiple vehicles. During operational hours, the garage can work on up to four cars simultaneously, while after hours, it can store up to eight cars. Additionally, there is an upstairs office, a washroom, and a small kitchen facility, enhancing the convenience for staff and operations.
The business offers a competitive rental agreement of £700 per week, which includes rent, rates, and electricity. With this leasehold available at a price of £30,000, all stock is included, representing a valuable investment opportunity. Accounts are available upon request for serious inquiries.
The shop benefits from strategic urban-style exterior design and existing signage, ensuring high visibility and effective branding. It is located near an underground station and various shops that attract potential customers. Despite moderate competition in the area, the garage has experienced a steady increase in turnover.
Currently managed by a single employee, the business also has an online presence, expanding its reach and customer base. The current owner is willing to provide training to the new owner, ensuring a smooth transition. Offers are invited, and a new lease is available, making this an appealing opportunity for those looking to enter the automotive repair industry in a vibrant community.
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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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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.
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