Parking/garage for sale in Cowper Road, London SW19

Ref 6839 – Leasehold Auto Repair Garage & mot Centre
Blacks Brokers are pleased to bring to the market this leasehold auto repair garage & mot centre located in a busy residential area of Wimbledon, Greater London.

Introduction

Eagle Autos was established in 1988, due to expansion it was moved to its current location in 2007. Our client took ownership in 2013 to expand an existing auto repair business. The garage is well known and trusted and has an excellent reputation within this business sector. Our client has secured a large base of regular customers and excellent reviews are noted on Google, and . Included in this sale is an electronic database of almost 2,000 customers.

Location

The business occupies a prime location in the affluent area of South Wimbledon. The business is based a short distance from the high road in a predominantly residential area. This area is well linked by the A24 with superb public transport links and parking is available in the immediate vicinity.

Reason for sale

The business is ideally suited to a hands-on owner-operator but due to our client’s other business commitments becoming difficult to manage, it is now offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level.

Lease

The building is available on a Full Repair and Insure lease (Fri lease). This is the most common form of commercial lease. The current lease is a ten year lease which began in 2017. This runs at a cost of only £323 per week.

Staff

The business is currently operating with only our client in employment. Our client has two casual members of staff during busy periods as required.

Financial details

Eagle Autos has traded well during an impressive trading history. We are advised that the business currently has annual turnover as of 31st October 2021 of £435,318 with a net profit of £39,735 based on the year ending 31st October 2021. Full financial details are available upon viewing.

Business rates

The business rates are £50 per month. Purchasers should enquire with relevant local authorities to confirm the rates payable.

Summary

This leasehold business occupies a superb trading position in a bustling area of Wimbledon. There is plenty of scope to develop the business further with the introduction of longer opening hours, more staff to allow a larger workload and a proactive marketing drive. A further online marketing drive could also be beneficial and along with the development of an online booking system. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised. Business: £154,995.

Please quote ref: 6839