Mechanics Workshop & Garage in Surrey For Sale

Business located in an excellent main road trading position, residential area, SOUTH LONDON / SURREY Boaders

Turnover £ 7,500
Price £137,500

Features

Well Established Fully Equipped Garage / Workshops

The workshops cater for servicing & repairs

5 DAYS OPENING

Hard standing to front with parking for 3 cars outside.

Single fronted premises, in the region of 1,800 ft², with roller shutters.

Office - Counter, CCTV (7 cameras.)

Workshop - Concrete flooring, corrigated iron roof, tube LED lights.

2 DOUBLE LENGTH BAYS, 3 ramps, air compressor (150 ltr), tyre change, tyre balancer, diagnostic scanner, extensive racking, 2 air conditioning machines, various tools, etc.

Large storage area.

Staff toilet with wash hand basin.

Kitchenette - Cupboard, sink, fridge, microwave, kettle.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £7,500 p.w. with a Gross profit of 27% approx.

We are advised sales year ending 31st May 2023 showed turnover of £332,522 with a gross profit of £88,281.

Staff

The business is operated by the vendor with the assistance of 1 full time staff.

Trading Hours

5 Day week
MONDAY - FRIDAY 8.30 am - 6pm

Potenbtial and local demand for weekend opening.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 25 years in 2015 with reviews every 4 years at a current rent of £24,000 p.a., increasing to £26,000 p.a. in 2026 then, £28,000 p.a. in 2027 and £30,000 p.a. in 2028 with a rent review at that time and every four years thereafter.

Business Rates from April 2024 £1,500 approx. after small business relief (Please contact local authority to confirm)

Price

TO INCLUDE THE, GOODWILL, FIXTURES & FITTINGS £137,500 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 68,750 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote