Garage for sale

Vicarage Lane, CM16

Leasehold 186 sq. m. | £99,995

Property Description

Commercial information

  • Business for sale
  • 2,002 sq ft (186 sq m)

Key features

  • REF 12585
  • LEASEHOLD BUSINESS
  • GARAGE BUSINESS

Full description

Tenure: Leasehold

LOCATION
First Class Mercedes occupies substantial premises, ideally located on a private farm site within the village of North Weald in the Epping Forrest District of Essex. The business is surrounded by complimentary businesses and benefits from a high volume of passing trade. The business further benefits from good car parking facilities.

North Weald is located just over 2 miles east of Epping, 4 miles North-West of Chipping Ongar and 3 miles south of Harlow. The village is famous for its market, which is held every Saturday and Bank Holiday Monday at North Weald Airfield. The market used to be the largest open air market in the country, but has now reduced its size over the years.

The area of the business is well served by the A-roads, with the business located just of the A414, which links to the national A-road and motorway networks. The nearest London Underground service to the village is Epping, which is served by the Central line. The closest National Rail service is from Harlow Town. The City of London is approximately 30 miles away and Chelmsford is 15 miles away.

BUSINESS
Hilton Smythe is delighted to welcome to the market this well-established and busy Mercedes car parts supplier and repair business in North Weald, Essex.

The business was established by our client in 1990 and is only now being offered to the market due to our client's desire to concentrate on other business interests. The business currently operates 5 days per week and generates a turnover in the region of 500,000 per annum, with a good gross profit.

Our client offers a wide range of parts and spares for Mercedes cars, vans and 4 x 4s, with parts ranging from 1959 to current models and include engine & body parts, which are sold on websites including First Class Mercedes, Parks Gateway, 1st choice spares and eBay, which accounts for 70% of the sales. The other 30% is from Mercedes servicing, diagnostics, mechanical and body/paint repairs, which is actioned on site in the fully equipped garage.

The business has built up an enviable reputation within the area and further afield for the 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 and increasing the repairs side of the business. A new owner could also embark on a modest marketing campaign to highlight the services offered.

This is an excellent opportunity for a new owner to take this already thriving business to the next level; therefore, early viewing must come highly recommended to avoid disappointment.

PREMISES
Substantial premises in a prime trading location, briefly comprising:

Repair workshop with a two post ramp and large storage area with fixed shelving.
6 x storage garages.
Portable cabin, used as an office with reception area with desk, 3 x desks with computer stations.
Large yard used for car and parts storage and car parking.

TENURE
We are advised Leasehold:

Rolling lease.
Rent: 28,600 per annum

HOURS
The business is open:

Monday - Friday: 9.00am - 5.00pm
Saturday: 9.00am - 1.00pm
Sunday: Closed

STAFF
The business is owner run and managed with 2 x staff members.

FINANCIAL PROFILE
The business generates a turnover in the region of 500,000 per annum, with a good gross profit.


Nearest stations

  • Epping (3.1 mi)
  • Harlow Mill (4.8 mi)
  • Theydon Bois (4.8 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Hilton Smythe, Bolton

20 Wood Street, Bolton, BL1 1DY

01204 299002 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Epping (3.1 mi)
  • Harlow Mill (4.8 mi)
  • Theydon Bois (4.8 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Hilton Smythe, Bolton

20 Wood Street, Bolton, BL1 1DY

01204 299002 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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