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Reference M5026

Tyre and Exhaust Business, Workshop and Mechanical Service in Middlesex For Sale

Tyre and Exhaust Business, Workshop and Mechanical Service in Middlesex For Sale

Register to see map and to make an appointment Occupying a corner position, busy road, densely populated residenital & commercial area MIDDLESEX

Turnover 1,600
Price 150,000

Features

Tyre Shop Plus Mechanical Repairs

DOUBLE FRONTED SHOP occupying a corner position.

REAR WORKSHOP with concrete floor. Space for 2 cars. The equipment includes 2 tyre fitting machines, 1 tyre balancer, diagnostic tools etc.

Staff cloakroom

Turnover

WE ARE INFORMED in respect of tyres is on average 1,600 p.w. The mechanical repairs are undertaken by a mechanic who is self employed & we understand pays the owner a commission of approximately 400 p.w. In addition the vendor has an adjoining shop let as a dry cleaners on a yearly recurring lease & we understand at the present time he receives a rental of 500 per month.

Staff

The business is at present operated by the vendor with the assistance of 1 full time tyre fitter.

Trading Hours

Operated 6 days per week Monday - Saturday inclusive - 9 a.m. - 7 p.m.
NO SUNDAY TRADING

Tenure

We understand the premises are held on a secure renewable lease, the present lease having approximately 13 years unexpired at a rental of 15,000 p.a. exclusive of rates for the next 3 years with rent review at that time and thereafter every 5 years.

Uniform Business Rates: Nil payable after small business relief

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES, FITTINGS, PLANT & MACHINERY 150,000 plus STOCK AT VALUATION (10,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 75,000 (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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