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Finance And Services:

Business For Sale. Used Car Dealership With Workshop Leasehold

LISTING DETAILS
Firms For Sale ID:
34962
Vendor reference:
AM176
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
£375,000  
Turnover / revenue:
£5,700,000
Net profit / cashflow:
Undisclosed
Years established:
10
Trading hours:
Monday Friday: 09:00 18:00 Saturday: 09:00 18:00 Sunday: 10:00 16:00
Number of employees:
6
Employees / staffing:
There are two directors in the business, one of whom works in the business through choice, since the rest of the staff ensure that the business manages itself reliably and profitably. The business also employs full time mechanics, sales personnel, finance and administrative staff and two apprentices, the valeting team are sub contractors.

OTHER DETAILS
Reason for selling:
Genuine retirement.
Support and training:
The owner will provide full business familiarisation, training and handover within a mutually agreeable and timely framework to ensure a smooth transition of the business to the new owner/s.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
Lease terms:
The business operates from high profile leasehold premises circa half an acre. The forecourt is large and can accommodate just under 100 cars at any one time. There are also offices a showroom and a fully equipped workshop with two ramps. There is a childrens play and customer waiting area with a Barista quality coffee machine. Rent is currently GBP 60,000 p.a. plus VAT, rates are circa GBP 20,000 p.a.
 
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BUSINESS DESCRIPTION
Used Car Dealership with Workshop
Leasehold
Ref. AM176
Location : Buckinghamshire
Asking Price : OIRO GBP 375,000 plus SAV
This business was established just over 10 years ago. During this time, it has forged a sterling reputation, both regionally and nationally, as a trusted and knowledgeable business within the wellknown and hugely popular market that it specialises in. The business has grown to become a trusted dealer within the locality and beyond with a reputation for the quality of its cars, competitive prices and excellent after sales care.
The business operates from a highprofile leasehold location with superb facilities and highly visible forecourt frontage, being situated on a main road. The site location 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.
The business provides the following on all used cars sold:
Full Service (if due within the next 4,000 miles) based on a 12,500mile service interval.
Full Safety Check incorporating Lights and Levels top up and road test.
A new MOT (if less than 4 months remaining)
HPI check and certificate issue.
Professional valet inside and out.
Full set of mats.
Valuation of your current car.
Part exchange facility available.
Finance, warranty, GAP, Lifeshine and wheel protection are all available.
In addition to their physical site the business has an expansive and excellent internet presence with its own professionally managed and interactive website, they can be found organically by an extensive list of motor related search words or phrases on page one of Google as well as having a huge presence on Auto Trader, Car Gurus, Motors.co.uk, AA cars, RAC cars, ebay motors, Friday Ads, Facebook Garage, Twitter, Instagram, etc, etc.

Expansion Potential
The dealership 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 that the business has at its disposal. The workshops are generally used for servicing and maintaining the current stock with a percentage of revenue being generated through customer repairs, servicing and warranty work.

There is absolutely no reason why a new owner could not develop this side of the business further expanding it to offer tyre fitting, smart repairs, alloy wheel refurbishment, car valeting, etc, etc. to both existing and new clients in the trade and retail market.

Market / Competition / Non-Competition Agreements
The business advertises through Auto Trader, e bay motors as well as many other renowned and well known car sales sites as mentioned previously. It also has its own informative website which advertises all currently available car stock with photos, specifications, prices, etc.