Garage for saleAbbey Wood, London, , SE2
- Business for sale
Hilton Smythe are delighted to offer to the market a much sought after garage repair business. Established by our client over 30 years ago and now offered for sale due to his wish to now retire.
The highly regarded garage offers the full repair and service of all car types. Our clients prepares on average 4 cars a day for full Mot’s carried out on a special relationship to a local garage in Belvedere.
Total car repairs total on average 10 per day. Repair pricing ranges from £70 per hour.
Currently run to suit, the business can easily be increased by developing a new website, social media presence, local leaflet drop and adding a further Mechanic.
The popularity of the area will undoubtedly result in much interest so early viewing will be essential.
Full handover offered.
Croft Cars is located on a private lane behind Walton Road in South East London.
The repair garage is located on a small lane of other garage units located behind the parade of local shops and cafes.
The area is undergoing major redevelopment due to the multi-million pound investment in the nearby Abbey Wood Crossrail station due to open in October.
Investment includes 100’s of new homes within walking distance of the garage including a rise in the current housing stock values.
Our client attracts local customers and loyal customers upto 8 miles from the garage.
There is limited free parking and a large pay and display car park directly across.
Main bus routes into central London are located within 2 minutes.
External electric roller shutter (new)
Main garage - new 4 tonne 2 x poster repair ramp, selection of repair tools. Garage can easily store and work on 2 x cars
Small office and storeroom.
Our client advises a new 8 year Lease will be offered to any new buyer with lease terms to be agreed. The rent per month is £715 and per annum is £8,580
The business benefits from 0 rates payable
The business opens:-
Monday to Friday 8.30 am - 6.00 pm
Saturday 9.00 am - 3.00 pm
Run and managed by our client only, opportunity to add a further Mechanic.
Our client advises a yearly turnover in 2018 of £154,000, Gross Profit of £64,772 and net profit of £34,272
Map & Street View
Street View is unavailable in this location
Disclaimer - Property reference B04291. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Hilton Smythe, Bolton . Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
* Average speeds are based on the download speeds of at least 50% of customers at peak time (8pm to 10pm) from packages available on comparethemarket.com. Speed can be affected by a range of technical and environmental factors. The speed you receive where you live may be lower than that listed above. You can check the estimated speed to your property prior to purchasing. Fibre/cable services at your postcode are subject to availability. You can confirm availability on the provider's website. Providers may increase charges. You should have the right to exit your contract without penalty if this happens. The information is provided and maintained by Decision Technologies Limited.
Map data ©OpenStreetMap contributors.