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£0 £1000000

Busy Garage and Vehicle Accessories Busines For Sale

London, City of London

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£99,995 +SAV

Ref: 13522 J

Leasehold

Overview

Hilton Smythe is delighted to welcome to the market this busy car repair and MoT business, which is ideally located in Hanwell, London. The business was established by our client in 1987 and is only now, reluctantly, being offered to the market, due to our client’s desire for a well-deserved retirement. The business currently operates 5½ days per week and generates a turnover in the region of £60,700 per annum, with a gross profit of approximately 36%, according to the 2015 accounts. Our client offers a variety of vehicle services including repairs, services and MoTs on all class 4 vehicles. The garage performs between 80 – 85 MoTs on average per month. Our client also has a retail unit providing a range of car accessories, oils and parts, as well as being a MoT waiting area. The property boasts 141 sq. metres of floor space, is very well maintained and fitted out to suit the trade. The business has built up an excellent reputation within the area for the very high quality of the goods and services offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations. We feel there is scope to increase the turnover by extending the opening hours. A new owner could embark on a modest marketing campaign to highlight the excellent services offered, as well as employing an extra mechanic, which could increase the workload. The business already has website in place to promote the business at www.aaautoshanwell.co.uk. This is an excellent opportunity for a new owner to take this already thriving business to the next level, or it would make an excellent bolt-on business for an existing garage wishing to expand; therefore, early discussions with Hilton Smythe must come highly recommended to avoid disappointment.

Turnover
The business generates a turnover in the region of £60,700 per annum, with a gross profit of approximately 36%, according to the 2015 accounts.

The business is owner run and managed with 1 x part time staff member and a part time apprentice.

The business is open: Monday – Friday: 10.00am – 6.00pmSaturday: 10.00am – 1.00pmSunday: Closed

A & A Autos occupies substantial premises, ideally located within Hanwell, London. The business is situated on the very busy Boston Road and is surrounded by a wealth of complimentary shops, businesses and residential properties, therefore benefiting from a high volume of footfall and passing trade. The business also benefits from good car parking facilities within the area. The business is located in Hanwell, a town in the London Borough of Ealing, west London. The town holds The Hanwell Carnival, which was established in 1898 and is now a popular annual event, it has grown to be the second largest festival in London, after Notting Hill. The area of the business is well served by the public transport system, with several bus stops within easy walking distance of the property. Hanwell railway station is just over 10 minutes’ walk away, while Boston Manor tube station, which is on the Piccadilly Line, is just 15 minutes’ walk away. The area is also well served by the road networks, with both the M4 and A4 being within easy driving distance. The City of London is approximately 10 miles away.

Substantial ground floor premises in an ideal trading location, briefly comprising: Shop with: Wall-mounted shelving and hanging rails.Central shelving unit.MoT waiting area.Serve over counter with electronic cash register, credit/debit card machine, PC with a database of 300 customers.Rear stockroom and kitchen area. Garage with: Double height modern workshop allowing for up to 4 vehicles to be worked on.MoT bay. Staff WC. Equipment included: 4 x camera CCTV system.Class 4 MoT bay.2 x post ramp – 2½ tonne.New Hoffman 4-wheel tracker system (cost £15,000).Tyre changing equipment.Tyre balancer. External: Good clear signage.

Tenure
We are advised Leasehold: Original lease length: 10 yearsRemaining lease length: 10 years, as of 2017Rent: £15,000 per annum

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