Used Car Dealership & Repairs Garage in Enfield

Enfield, London
REF: S07620

Asking Price:
£349,999
Annual Turnover:
£1,592,683
Annual Net Profit:
£75,348
REF: S07620

Overview

Tenure:
Leasehold
Established:
2013
  • Established local business with excellent reputation
  • Loyal customer base
  • Wide range of services
  • Equipment included
  • Friendly professional team

The business for sale is a reputable used cars dealership and repair garage. Located in Enfield, North London, the business has built up a stellar local reputation for their fantastic customer service, leading to a large amount of 5 star reviews on the likes of Google, CarGurus and Autotrader.

Established more than 7 years ago, the business is fully FCA licensed, allowing them to offer competitive finance packages to appeal to a wide range of buyers - as well as earning them a great deal of commissions.

Available on a leasehold basis, the rent is payable at £28,800 P/A.

A new lease is to be negotiated upon sale of the business.

The business operates from a spacious show room and industrial unit in Enfield. Ideally located on a busy main road, cars available to purchase are situated outside the premises in the car park. Clients enter the unit in to an inviting reception and waiting area, complete with welcome hot beverages or soft drinks, wifi, TV, magazines, and sofas.

A door leads to a small corridor, at the end of which is a good size, fully equipped workshop. With space for up to 3 cars, this space includes 2 3.5 tonne ramps, as well as lots of tools, different diagnostics equipment, and a new air-con machine (with a total approximate value of £50,000). Back inside, a stair case rises to the first floor where there are two offices and toilets.

All ramps, specialist tools, and diagnostic equipment are included in the sale price. Current stock is not included in the advertised price but has an approximate value of £250,000. A transitional period is available, if required.

This would be the ideal opportunity for an experienced owner operator looking for a profitable business in a customer facing role. It would also work well as a bolt on opportunity to a similar business in the area.

The business currently operates a successful website and benefits from 30,000 views every month on Google and Google Maps, making it the perfect candidate for a social media strategy to grow its audience further.

An increased focus on growing car sales would also see an increase in profits.

Loading...
  • Good Motorway Links
  • Spacious industrial area
  • Good transport links
  • 2 minute walk to the train station
  • Close to local businesses
Rent
£28,800
Rates
£900
Lease Term
3
Lease Expiry
###
Square Footage
TBC
Accommodation Included
TBC
Premises Licence
TBC
Property Value
TBC
Planning
TBC
EPC
C 51-75

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

Refine

Miles
£
£
£
£