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Fri, Sep 20 2019 07:10:30 AM  |  /

Used Car Dealership with Workshop Leasehold

Business Id:000287     |    Reference: AM176
Leasehold Price:
£375,000.00
Business Description

Used Car Dealership with Workshop
Leasehold
Ref. AM176
Location : Buckinghamshire
Asking Price : OIRO £375,000 plus SAV

The business operates from a high-profile 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 business’s specialist nature, competitive prices, quality products, service and attention to detail.

Full Service (if due within the next 4,000 miles) based on a 12,500-mile service interval.
A new MOT (if less than 4 months remaining)
Professional valet inside and out.
Valuation of your current car.
Finance, warranty, GAP, Life-shine and wheel protection are all available.

A vital component to this business’s success to date has been customer service, which is focused to a great extent both before and after the sale, as this is the place where the reputation of the business can be made or lost, it is also a rare member of the Trading Standards Buy with Confidence Scheme. The endearing company ethos means that this dealership enjoys good levels of referrals and long-term recurring business.

There is good access and the forecourt is viewer friendly. The vendor has continued to invest in the business over the years to the extent that it has a fully equipped workshop facility enableing it to carry out an extensive level of motor trade functions including air-conditioning servicing and re-charging, welding, tracking, engine, clutch and gearbox replacement, state of the art diagnostic equipment comprising Snap on and Launch, as well as general servicing.

Equipment:

Car stock is entirely optional, the typical used car holding is circa £600,000 or you can simply re-locate with your own stock and the business owner will dispose of his accordingly.

The business considers that happy people return, on that simple basis it has maintained levels of product and service quality intended to best guarantee that all of their customers are truly content.

Key Strengths:

• Asset base and profitability
• Market Presence
• Infrastructure (fully equipped workshop and offices)
• Websites
Key Opportunities:

Financial Information:

The business has enjoyed consistent performance to date and its specialist reputation is growing year on year. The owners have put all the foundations in place for future success. No further investment in the premises would be required for a new owner to continue trading for a considerable amount of time.

Gross profits circa £710,000 p.a.
Stock circa £600,000

Asking Price:

Advertising and Marketing:

Growth and Expansion:

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.

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 children’s play and customer waiting area with a Barista quality coffee machine. Rent is currently £60,000 p.a. plus VAT, rates are circa £20,000 p.a.

Monday – Friday: 09:00 – 18:00
Sunday: 10:00 – 16:00

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.

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.

Genuine retirement.

If you are looking for finance to fund your business purchase, then we recommend that you talk with our independent finance broker. Because of his many years working at a senior level for a major high street bank he has had more success with finance applications than anyone else we know. He has helped numerous purchasers of businesses that we are selling, including buyers who have been turned down by their own bank! Call us today on 0800 046 1652 or email us at finance@turnerbutler.co.uk

 

Business Information
Turnover:£5,700,000.00 Annually
Property Status:   Leasehold
Leasehold Term: Rent is currently £60,000 p.a. plus VAT
Is this business relocatable: No
Business Sector: Automotive Services Businesses, Car Valeting Businesses, Car Dealerships
Statistic Information
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Last Viewed:
Last Updated:
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