Long Running Motor Garage in London

London
REF: 02670

Asking Price:
£125,000
Annual Turnover:
£171,000
Annual Net Profit:
TBC
Reduced
Recently Sold
REF: 02670
Photo of Long Running Motor Garage in London

Overview

Tenure:
Leasehold
Established:
1991
  • 25 years of trading experience
  • Great local reputation
  • Large turnover with low overheads
  • High footfall location
  • Potential for further growth

This is a long established motor garage which has garnered a fantastic local reputation and is the go to destination for the locals for all their vehicular problems. Selling a range of excellent quality tyres, this business also carries out repairs and MOT servicing when required and is capable of performing work on cars of all makes and models.

Having amassed a large customer base, it has maintained low overheads to successfully generate a high annual turnover. This is an ideal business opportunity for an experienced buyer and is available to purchase on a leasehold agreement.

The business described herein carries out new tyre fits as well as mechanical repairs for an array of vehicles. Offering a professional and reliable service to its customers, the business has garnered a large customer base, which primarily consists of local residents. With competitive yet reasonable prices, this business has secured a steady base of repeat customers and has grown organically, through word of mouth recommendations from its satisfied customers.

This industrial unit is open plan with a convenient front door entrance. The interior is comprised of a reception area to the front of the complex as well as an office area currently used for administration work. The main garage area is located in the middle of the building and features tyre racks for storage, a large section for carrying out vehicle repairs as well as two ramps.

With fast turnaround times and high quality work, the business has successfully established itself in the area and it also carries out MOT work, which it currently outsources.

Intelligent Business Transfer are pleased to bring to the market this fantastic opportunity to buy a prominent business which has generated an annual turnover of over £160,000, with great profit margins.

Founded in 1991, the current vendors took over operations in 2004 and worked vigorously to continue providing exceptional garage services to its local inhabitants. With a loyal customer base and strong foundations set, this is a brilliant platform for a new buyer looking to manage their own garage.

A new buyer could step in with little effort and continue running this business. The location and premises are ideal and offer a new buyer the chance to expand operations. By increasing business hours, implementing a customer loyalty scheme and maintaining a strong online and social media presence to assist advertising, the right buyer could effectively develop not only the business, but its workload and annual revenue as well.

Also, adding used and part worn tyres to its product offering would attract customers looking for feasible options. Additionally, increasing its workforce would enable the business to manage a larger workload and it could expand its services.

The vendors have employed Intelligent Business Transfer to find a suitable buyer who will look to capitalise on the success the business has achieved and continue to provide excellent customer service to the local inhabitants.

Location

Property

Annual Rent
£21,600
Annual Rates
£5,550
Lease Term (Years)
1
Lease Expiry (Years)
TBC
Accommodation Included
TBC
EPC Rating
TBC

Financial & More

Annual Turnover
XXXX
Annual Net Profit
XXXX
Stock at Valuation
XXXX
Company Accounts
XXXX
Trading Entity
XXXX
Management Structure
XXXX
Number of Employees
XXXX
Current Ownership
XXXX

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