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Finance And Services:

Business For Sale. Specialist Used Car Dealer With Workshop Freehold

LISTING DETAILS
Firms For Sale ID:
34553
Vendor reference:
AM165
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
£350,000  
Turnover / revenue:
£919,000
Net profit / cashflow:
£80,000
Years established:
28
Trading hours:
Monday Friday: 0800 1800 Saturday: 0800 1700 Sunday: 1200 1600
Number of employees:
5
Employees / staffing:
There are 2 directors who work in the business through choice. The business also employs a full time mechanic, a part time salesman, part time valeter, part time finance person, and part time administrator.

OTHER DETAILS
Reason for selling:
Genuine retirement
Support and training:
The owner will provide full business familiarisation, training and handover to ensure a smooth transition of the business to new owners.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
 
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BUSINESS DESCRIPTION
Specialist Used Car Dealer with Workshop
Freehold
Ref. AM165
Location : Lancashire
Asking Price :OIRO GBP 350,000 plus Car Stock (optional)
This business was established some 28 years ago. During this time it has forged a sterling reputation, both regionally and nationally, as a trusted and knowledgeable business within the well known and hugely popular marque it specialises in. The business has grown to become a trusted dealer within the locality with a reputation for the quality of its cars, competitive prices and excellent after sales care. Its range of services includes:

Car Sales (this represents circa 80% of current revenues)
Servicing & Repairs
Parts
MOT (however this is subcontracted out to a third party)

The business operates from a high profile freehold location with superb facilities and highly visible forecourt frontage, being situated on a major road. The site is a real asset of this business. Many current customers have been loyal to the business since the beginning and this has been due in no small part to the businesss specialist nature, competitive prices, quality products, service and attention to detail.

As well as the site the business has an excellent internet presence with its own interactive site, as well as EBay and Auto Trader sites so customers can browse/purchase current car stocks.
A vital component to this businesss success to date has been customer service, which is focused to a great extent on pre/after sales, the place where the reputation of the business can be made or lost. This company ethos means the business enjoys good levels of referrals.

The site itself can accommodate some 30 35 cars on the forecourt at any one time, that ensures there is always a good choice of vehicles for customers to view. There is good access and the forecourt is viewer friendly. The vendor has continued to invest in the business over the years and it has a fully equipped workshop facility that enables it to carry out its duties as required.

Expansion Potential
The business has enjoyed consistent levels of business over the last few years. There are many areas for expansion not least better utilisation of the workshop facilities the business has at its disposal. The workshops are generally used for servicing and maintaining the current stock with a small percentage of revenues being generated through customer repairs. There is no reason why a new owner could not develop this side further and offer tyre fitting/ smart repairs/alloy wheel refurbishment etc. to clients, both existing and new in both the trade and retail market.

Market / Competition / Non-Competition Agreements
The business advertises through Auto Trader and EBay portals. It also has its own informative website, which illustrates current car stock with car specifications etc.