Car Garage plus MOTs and Body Shop in Middlesex For Sale

Detached property, main road trading position, residential area, MIDDLESEX

Turnover £ 27,500
Price £500,000

Features

Car Garage, Mot Plus Body Shop

6 DAYS OPENING

DOUBLE FRONTED PREMISES in the region of 5,000 ft² WITH ELECTRIC SHUTTERS, Concrete floor, Reception desk sofas for customers, computer, till

1 MOT BAY
7 RAMPS
1 WHEEL ALLIGMENT
1 SPRAY AREA.

Toilet with w.c. and wash hand basin.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £25,000 / £30,000 p.w. (MOTS £3,780 per week approx) 18-20 @ £ 35 each

Staff

The business is at present operated by the vendor with 4 full time staff 6 part time staff.

Trading Hours

6 Day week
MONDAY - SATURDAY 9am - 6pm

Outside

Parking space for 25/30 cars.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 15 years in 2023 with reviews every 5 years (next review 2028) at a current rent of £95,000 p.a.

Business Rates from April 2025 £15,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2012, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £500,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 250,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote