Total of 18659 firms and businesses for sale today Saturday 18th May 2024
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Sold. Independent Dealership Specialising In New And Previously Owned Smart Cars

LISTING DETAILS
Firms For Sale ID:
26535
Vendor reference:
AM130
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Asking price:
£195,000
Stock included.
Turnover / revenue:
£13,400,000
Net profit / cashflow:
Undisclosed
Years established:
10
Trading hours:
The business currently operates between Monday – Saturday: 10.00am – 6.00pm, Sundays: 10.00am – 4.00pm and outside of these hours by appointment only.
Number of employees:
3

OTHER DETAILS
Reason for selling:
This is a genuine retirement sale.
Support and training:
The current Owner will provide all necessary training and all relevant contacts to allow continuity of trading and would welcome an on-going, perhaps part time role, assisting with buying stock. The two employees, a Sales Manager and a Customer Services Manager are considered to be major assets to the business and any operational handover required from the current owner is therefore likely to be minimal.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
Lease terms:
Leasehold, there are approximately 11 years remaining on the current arrangement. Rent is £20,000 per annum. Rates are approximately £6,760 per annum
 
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BUSINESS DESCRIPTION
Independent Dealership Specialising in New and Previously Owned Smart Cars

Ref.AM130
Location Surrey
Asking Price £ 195,000 including stock


Established by the current Owner in 2001 and originally built upon a very successful import business, this is one of the leading independent Smart car specialists in the south east of England. With probably the widest range of new and previously owned Smart cars available, this business through a longstanding relationship with a local garage workshop offers a full after sales service package including service, repair, accident repair, MOT, a wide range of internal and external accessories, with some products exclusive to this dealership as well as full customisation, as required.

The business operates from a prime location prominently situated on a major thoroughfare into one of Surrey’s busiest commercial centres and just a few miles from the C London congestion zone. This highly visible site with space for approximately 30 vehicles in total has established itself as the place to visit for anyone looking to acquire a high quality Smart car at a competitive price.

Almost all of the stock of this business comes direct from an extensive network of local dealerships built up over a number of years by the current Owner. In addition vehicles are secured from private sales or are hand picked from major reputable auctions – all routes which have consistently provided the best available quality vehicles at the most appropriate prices, ensuring good margins in the end-user marketplace and customer confidence in the proven heritage and quality of the vehicle itself.

Many current customers have been loyal to the business since the beginning and this has been due in no small part to the business's undoubted knowledge of the Smart car market, its competitive prices and the choice of vehicles it always has readily available which is well ahead of anything available elsewhere. Staff are highly trained and product knowledge is extensive. The business has developed an excellent reputation for after sales service too. As well as MOT and servicing with diagnostics at very reasonable rates, this business has access to full accident repair facilities with minor scuffs or damage dealt with by panel changes onsite, by highly competent staff. And as well as general maintenance, this business carries a wide range of parts and components for all cars within the Smart range with the know how to quickly and easily fit these items where required. Anything not immediately available is obtained on a daily basis through the business’s excellent account relationship with Merecedes Benz Smart. All this has ensured this business has an enviable reputation right across the industry and even including the competition, which frequently recommends customers to visit this business should they not be able to meet demand.

Expansion Potential
There is an outstanding opportunity to build on the existing business levels and customer base of this company. With a strong demand for the vehicles sold by this business driven as much by its economy as its ecological credentials, combined with a capacity to increase turnover, a new owner contributing fresh ideas and motivation will have every advantage of building on an excellent platform.