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Reference M4726

Motor Accessory Shop in South London For Sale

Motor Accessory Shop in South London For Sale

Register to see map and to make an appointment Situated on a small Industrial Estate SOUTH EAST LONDON

Turnover 4,615
Price 85,000

Features

Well Established Motor Parts Business

The business specialises in high value remanufactured motor parts including air conditioning, gear boxes, prop shafts, turbo charges, power steering etc.

Brickbuilt industrial unit approximately 1,600 sq. ft. with concrete floor. Equipped with racking, 1 leth machine, 2 test benches, 1 4-poster ramp, 1 2-poster ramp, compessor, hydraulic jack, necessary tools etc.

Stairs to mezzanine floor comprising large office in the region of 500 sq. ft.

Customers' seating area
Cloakroom with w.c. & wash hand basin

Included in the sale is a Citroen Berlingo 2012 van

Turnover

WE ARE INFORMED the turnover year ending 28th February, 2018 showed 189,020 with a gross profit of 112,130 i.e. in the region of 60%

Staff

The business is at present operated by the vendor on a part time basis with the assistance of 3 engineers, 1 apprentice engineer plus 1 driver. In addition 2 staff are employed in the office.

Trading Hours

Monday - Friday inclusive - 9 a.m. - 6 p.m.
Saturday opening - 9 a.m. - 1 p.m.
NO SUNDAY TRADING

Outside

Parking for 5/6 cars

Tenure

We understand the premises are held on a secure renewable Council lease, the present lease having approximately 5 years unexpired at a rental of 15,500 p.a. exclusive of rates, fixed for the remainder of the term.

Uniform Business Rates: 5,800 p.a. approx.

RECOMMENDED FOR EARLY INSPECTION

Price

OFFERS INVITED TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS, STOCK, TOOLS & MACHINERY 85,000.
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 42,500 (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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