Business for Sale Overview:
This is a well established used car dealership founded by the present owners 8 years ago dealing in the mid market sector of used car sales with customers attracted from a wide geographical area.
The business operates from a prime, busy main road location with easy access and benefits from a huge amount of daily passing traffic. The large and highly visible site has over 100 cars continually on display, and is now established as one of the major used car dealers in the local area. The site includes a large forecourt, showroom with reception, offices, a basement workshop, body-shop with spray room and valeting bay. Formerly a Franchised Dealer site it is well placed and appointed to fulfill this role again, though its facilities and prime location would transpond easily to a myriad of business uses where a large retail showroom is desirable. Additionally there is also scope to extend the site with a further three quarter acre piece of land adjoining the garage.
The two owners hand pick the stock on a daily basis from private dealerships and from major reputable auctions, consistently providing their customers with the best available choice of mid-market cars around. All the cars come fully prepared which may include MOT tests, Servicing, Pre Delivery Inspections and Warranties.
With sales approaching £2.0 Million, Gross Profits of circa £255,000, a superb location, a lease until 2017 and low overheads, this going concern represents an excellent opportunity for new owners to expand an already established business and grow it to the next level.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
The company has a lease which runs until 2017. The rent is circa £26,000 per annum with rates of £1,200 payable per month. They lease two floors of the site at present and the spare three quarter acre of land.
The forecourt, showroom, office and reception are situated on the ground floor with disabled access. The workshop, body shop and spray room on the next floor down. The forecourt holds circa 120 cars and the showroom circa 16 cars.
Market Competition and Expansion:
The company advertise on their own website as well as Auto trader and other leading motor websites but spends little on press or direct marketing. Their main advert is the attractive and well groomed road side forecourt and showroom. They benefit tremendously from word of mouth recommendations and repeat custom.
Reason for Selling:
each want to move in different business directions
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.