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Reference M5025

MOT Station and Tyre Business in Middlesex For Sale

Register to see map and to make an appointment Situated on a busy road, densely populated residential & commercial area, MIDDLESEX

Turnover 5,000
Price 350,000

Features

Old Established Tyres, Mot Station Plus Small Repairs

SPACIOUS PREMISES in the region of 2,000 sq. ft. Tyre racking, tyre fitting equipment.

Fully equipped for MOT's. 4 ramps, computerised tracking machine, Acon machine etc.

Space in workshop for 6 cars at any one time

Forecourt with parking for an additional 6 cars

Reception
Office
Cloakroom

Turnover

WE ARE INFORMED the sales year ending March, 2019 showed in the region of 260,000 in our opinion offering tremendous potential for further increase in the right hands.

Staff

The business is at present operated by the vendor with the assistance of a full time manager, 1 full time fitter, 2 mechanics. In addition 2 drivers are employed.

Trading Hours

Monday - Saturday inclusive - 9 a.m. - 6 p.m.
CLOSED SUNDAY

Tenure

The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 15/20 years lease at a rental of 36,000 p.a. exclusive of rates for the first 3 years with rent review at that time and thereafter every 3 years.

Uniform Business Rates: 7,500 p.a. approx.

THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 7 YEARS

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES, FITTINGS, PLANT & MACHINERY 350,000 plus STOCK AT VALUATION (30,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 175,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote

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