Garages for sale in London

View the "VEHICLE CAR REPAIRS COMPANY IN ESSEX" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

 Advertising my business on Daltons was a great success. I found a buyer relatively quickly. 

Ahmed Zahir (August 2016)
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Leasehold Price: £950,000 Annual Turnover: £2,100,000 Annual Net Profit: £247,000
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Business Description
Location
We are pleased to place onto the market this highly profitable car repairs business for sale which is based on the London Essex border.

Business Details
The business was established in 2006 by the present owners and they wish to sell due to other business interests.

The company provides a repair service for insurance companies and other commercial and private work. As the company has grown, it has managed to negotiate very good rates and is becoming more profitable each year. There is certainly anticipated growth for the next 3 years.

The business has around 25 staff who are very well trained and a good support team. One of the Owners is the acting MD who is the main driving force of the business. He would be prepared to stay on after a sale to help grow the Company.

The company prides itself in its service, brand and having a high spec body shop with some of the latest technology. It has an excellent reputation within the industry.

Financial Details
The present annual turnover of the business is approximately £2.1 million with an EBITDA of £247,000. The sale price includes all equipment.

Property Details
The premises include a large modern fully equipped bodyshop, offices and extensive parking within a secure yard.

Tenure
There is a new ten year lease just negotiated and the rent is £72,000.

Ref: 13205
Price: £950,000

Disclaimer
These details do not constitute part of an offer or contract. The statements and descriptions given are made without warranties by Enthuse Transformations Ltd. The information contained herein has not been verified by Enthuse Transformations Ltd. Complaints regarding the accuracy of the information contained herein will not be acknowledged by Enthuse Transformations Ltd. Purchasers should in all cases undertake financial due diligence using their own professional advisors before committing themselves in contract rather than relying on illustrations figures and information given on behalf of the seller. Furthermore any representations made by any representative of Enthuse Transformations Ltd regarding this business are subject to verification and should be independently corroborated.
Tenure: Leasehold

Listed by: ETS Corporate
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13205
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