Business Summary:
Freehold Mechanical and Bodywork Car Repairs Specialising in Mercedes and BMW but primarily an Excellent Development Opportunity With Planning Permission
Ref.AL151
Location South East London
Asking Price £ 2,800,000
This is a busy and profitable garage which was established in 1995 and is a successful Car bodywork and Repair Company specializing in Mercedes and BMW’S. The business delivers a professional, cost effective and friendly service and has an excellent reputation for fulfilling all servicing and repair requirements and bodywork, with qualified technicians who will attend to the client\'s individual needs. The workshop is well equipped to provide mechanical repairs and servicing, vehicle bodywork and is licenced to spray paint.
The successful business, situated in a very desirable area, is well established and offers huge potential for new owners to develop this excellent business still further. The current yearly turnover is in the region of £460,000 with a gross profit of 230,000 and net profit of £50,000. This substantial site is ideal for development as it includes a large bodyshop and workshop area, poen ground and 2 semi detached houses, which are currently let on short term lets. With existing planning permission this is an opportunity that offers infinite scope for future development, with planning permission for 4 retail units and 4 flats on the existing site.
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