Profitable Garage/Bodyshop in Prime London Location with Stable Clientele for Sale
Golders Green, London
- Status
FOR SALE
- Advert ID
623603
- Leasehold: £120,000
- Rent: £21,081 (£1,757 per month)
- Turnover: £240,000 (£4,615 per week)
- Profit: Not Applicable
Key Features
- Potential for Alternative Use
- Offers Invited
- Town Centre location
- Small Business
Business Details
Local Garage Bodyshop for sale in the arches of Golder Green
The business is currently operating from two leased units, each approximately 500 square feet, located in the highly desirable railway arches of Golders Green. This area is renowned for its demand, and opportunities to lease such premises are rare.
Both units can accommodate mechanical and bodywork services, providing ample space for operations, including room for two cars inside and two cars outside in each unit. The privileges of such a convenient location have contributed significantly to the business’s success, generating an annual turnover of £240,000.
The current leases, held under the ownership of Transport for London (TFL), are very favorable. The rent for one unit is £9,900 with four years remaining, while the rent for the other is £12,972 with just under five years left. TFL’s reputation as accommodating landlords is exemplified by their tendency to renew leases easily and maintain competitive rental rates.
This business has been established for six years, providing stable and lucrative opportunities, including private insurance work, for the existing clientele. Moving on to new endeavors, the owner is now offering this established car bodywork and repair service for sale. Prospective buyers are encouraged to propose offers, especially those interested in acquiring both units together, though individual offers will also be considered.
The sale represents a vibrant leasehold opportunity in a prime, town center location. All stock is included in the sale price. The asking price is available upon request, and offers are invited for this well-positioned small business with potential for alternative uses.
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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.
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.
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