Garages for sale in Abbey Wood

View the "Highly Regarded Garage Established Over 30 years Ago" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

  I had the first inquiry within a week and my second inquiry led to the sale of my business!  

Katie Crompton (Sept 2017)
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Leasehold Price: £89,995 Turnover: £172,433
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Business Description
Business
Hilton Smythe are delighted to offer to the market a much sought after garage repair business. Established by our client over 30 years ago and now offered for sale due to his wish to now retire.

The highly regarded garage offers the full repair and service of all car types. He prepares on average 4 cars a day for full Mot’s carried out on a special relationship to a local garage in Belvedere.

Total car repairs total on average 10 per day. Repair pricing ranges from £70 per hour.

Currently run to suit, the business can easily be increased by developing a new website, social media presence, local leaflet drop and adding a further Mechanic.

The popularity of the area will undoubtedly result in much interest so early viewing will be essential.

Full handover offered.

Location
Croft Cars is located on a private lane behind Walton Road in South East London.

The repair garage is located on a small lane of other garage units located behind the parade of local shops and cafes.

The area is undergoing major redevelopment due to the multi-million pound investment in the nearby Abbey Wood Crossrail station due to open in October.

Investment includes 100’s of new homes within walking distance of the garage including a rise in the current housing stock values.

Our client attracts local customers and loyal customers upto 8 miles from the garage.

There is limited free parking and a large pay and display car park directly across.

Main bus routes into central London are located within 2 minutes.

Premises
External electric roller shutter (new)

New roof.

Main garage - new 4 tonne 2 x poster repair ramp, selection of repair tools. Garage can easily store and work on 2 x cars

Small office and storeroom.

Staff toilet.

Tenure
Our client advises a new 8 year Lease will be offered to any new buyer with lease terms to be agreed.

The business benefits from 0 rates payable

Hours
The business opens:-

Monday to Friday 8.30 am - 6.00 pm
Saturday 9.00 am - 3.00 pm
Sunday Closed

Staff
Run and managed by our client only, opportunity to add a further Mechanic.

Financial Profile
Our client advises a yearly turnover in 2017 of £172,433, Gross Profit of £77,342 and net profit of £27,415.

Tenure: Leasehold

Listed by: Hilton Smythe

Find out more about this business opportunity.

 
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B04291
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