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Property Listing Details

Parking/garage for sale

Romford Road, London E12

£39,995

Description

Business
Hilton Smythe are delighted to offer the market G and D Bodyworks.

Owned by our client since 2011 and established in the area since 1990.
A renowned bodyworks and spray specialists able to work on all car types including classic cars.
All private customers who predominately come from the Ilford and Greater London area
Our client currently does little advertising due to the level of work from his excellent reputation.
Currently, there is no website however an active Facebook page with 443 followers with a 4.8 out of 5 opinion feedback status, a gumtree and listing only.
Offered to the market due to our clients wish to return to his own country
Owner will offer handover and include the mobile number for the business

Currently our client works alone and averages between 5-6 cars a week however he turns away nearly 50% extra work due to demand and time.

Our client currently only takes cash, adding a card machine would also attract additional custom. We are advised our client currently only uses a work mobile to take new business however previously had a landline number which could be easily added back to the garage and added to promotional material/on-line advertising.

Location
G and D Bodyworks is located to the rear of a busy car wash business on Romford Road in Ilford, in the Redbridge area in London.

Nestled in a popular location amongst many other complimentary garages, the area is well known for car sales, repairs and maintenance.

There is customer parking available directly to the front of the business as well metered parking in the surrounding streets.

Romford road is a busy link road into the north circular, A12 and M25 motorway. With London city airport only 10 mins away

Ilford is a very busy area for both commuters and businesses

Premises
A single garage with large forecourt.

Capacity for 2 cars internally and is allowed 4 parking spaces to the front forecourt a with canopy cover allowing for further capacity externally.

The garage contains a hand tools storage area to the right (all tools included in sale).
Central work area with ventilation and fan, roller shutter garage entrance.
Small office and storeroom which includes new 230l compressor (Blue Point Snapper).

A shared forecourt to the front allows parking for a minimum of 4 cars.

Tenure
We are advised leasehold.
A new 5 year lease is available.
Yearly rent of £14,400

Hours
The business currently opens:-

Monday to Saturday 9.00am- 6.00pm.

There are no restrictions on when the garage can be open.

Staff
The business is owner run and managed, adding a new member to the team could double current turnover.

Financial Profile
Average weekly turnover of £2,000 per week,
According to last years accounts the business reports turnover at £80,000, with a gross profit in the region of 70,000 and adjusted profit in the area of £50,000.

Assets are valued at circa £10,000

Floorplan

No floorplan available

Contact the agent

Map

Local map of the area

Map and Street View Map showing location of property

Local Amenities

  • Sheringham Primary School 0.1 miles
  • Sir John Heron Primary School 0.3 miles
  • Ilford 0.5 miles
  • Manor Park 0.6 miles

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Property descriptions and related information displayed on this page are marketing materials provided by Hilton Smythe Commercial. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Hilton Smythe Commercial for full details and further information.