Established MOT Garage in Prime South Woodford London Location Available for Purchase
South Woodford, London
- Status
FOR SALE
- Advert ID
628655
- Leasehold: £495,000 (Stock at valuation)
- Rent: £38,400 (£3,200 per month)
- Turnover: £759,000 (£14,596 per week)
- Profit: £200,000 (27% Profit margin)
Key Features
- High Turnover
- Attractive Business
- Prime Location
- Accounts Available
Business Details
MOT Garage
The established MOT Garage and its associated centers in South Woodford, London, are available for sale. This business offers a prime town center location, boasting a high turnover of £759,000. The lease is a 20-year renewable one, with 16 years remaining. Currently, the leasehold price is set at £495,000, and the annual rent is £43,200.
This business has been operational for seven years, under the same ownership throughout this duration. The location benefits from its proximity to South Woodford Station on the central line, facilitating easy access for customers and contributing to the robust foot traffic. The area itself is renowned for high-end competition, which accentuates the established reputation of the business.
Included in the sale are a range of equipment and fixtures, adding further value. The owner is looking to sell to allocate more attention to other ventures, owing to the management of multiple businesses. Currently, the business employs four staff members and has established an online presence, which enhances its accessibility to potential customers.
Notably, a provision for training new owners is available, ensuring a smooth transition and continuity for this attractive business. Financial accounts are also accessible for prospective buyers to review. The combination of its established reputation, prime location, and high turnover makes this a compelling opportunity for interested buyers.
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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.
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