MOT Garages for sale in Wimbledon

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Auto Repair Garage SW19 - Wimbledon London

Wimbledon, London, England

  • Leasehold Price: £234,995  Price Reduced arrow_drop_down
  • Annual Turnover: £498,947
  • Annual Gross Profit: £292,603
  • Annual Net Profit: £81,002
Seller Reference: 6839
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Business Description
 
 
 
 
 
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Seller Reference: 6839
Request Details
Business Description
Established 1988 Garage Repair Business in Wimbledon
Accounts To Year Ending 31st October 2019
Annual Turnover £498,947
Gross Profit £292,603
Net Profit £81,002
Further Financial Info Available After Viewing
Onsite Parking For Four Vehicles
Database Of Approximately 1,500 customers
Fantastic Online Reviews
Genuine Reason For Sale
No Advertising Undertaken
Scope to Extend Opening Hours
Potential To Expand Online Business
EPC - E
REF 6839 – Leasehold Auto Repair Garage & MOT Centre

Blacks Brokers are pleased to bring to the market this leasehold auto repair garage & MOT centre located in a busy residential area of Wimbledon, Greater London.

INTRODUCTION

Eagle Autos was established in 1988, due to expansion it was moved to its current location in 2007. Our client took ownership in 2013 to expand an existing auto repair business. The garage is well known and trusted and has an excellent reputation within this business sector. Our client has secured a large base of regular customers and excellent reviews are noted on Google, whocanfixmycar.com and bookmygarage.com. Included in this sale is an electronic database of almost 1,500 customers.

LOCATION

The business occupies a prime location in the affluent area of South Wimbledon. The business is based a short distance from the high road in a predominantly residential area. This area is well linked by the A24 with superb public transport links and parking is available in the immediate vicinity.

REASON FOR SALE

The business is ideally suited to a hands-on owner-operator but due to our client’s other business commitments becoming difficult to manage, it is now offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level.

LEASE

The building is available on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial lease. The current lease is a ten year lease which began in 2017. This runs at a cost of only £323 per week.

STAFF

The business is currently operating with only our client in employment. Our client has two casual members of staff during busy periods as required.

FINANCIAL DETAILS

Eagle Autos has traded well during an impressive trading history. We are advised that the business currently has annual turnover of £498,947, with a net profit of £81,002 based on the year ending 31st October 2019. Full financial details are available upon viewing.

BUSINESS RATES

The business has a rateable value of £7,800. Purchasers should enquire with relevant local authorities to confirm the rates payable.

SUMMARY

This leasehold business occupies a superb trading position in a bustling area of Wimbledon. There is plenty of scope to develop the business further with the introduction of longer opening hours, more staff to allow a larger workload and a proactive marketing drive. A further online marketing drive could also be beneficial and along with the development of an online booking system. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised. Fixtures:
Ramps

Epos Till

Databse
Trading hours:
MON - FRI: 08:00 - 17:30
SAT: 08:00 - 14:00
SUN: CLOSED
Tenure:
Leasehold
Is accommodation included?:
BUILDING LAYOUT AND DESIGN
The business operates from double commercial unit which is fully sign written, and also displays a plaque awarded for the winning ‘Best Garage In London 2017’ from whocanfixmycar.com. Each of the two units occupied has space for two work areas, the business has had planning for an MOT pit but this is not something the current owner has taken any further than planning. The garage is fully equipped and well presented throughout with on site parking for four cars, an office and toilet facilities.

Location Details:
Wimbledon
Leasehold Term:
£323 Per Week
Listed by:
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