Automotive Business For Sale in Lancashire North_west

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Specialist Used Car Dealer With Workshop Freehold

Location:Lancashire, North West

Category:Automotive

Asking Price:£350,000

  • Sales revenue : £919,000
  • Net profit : £80,000
  • Furniture/Fixtures value : Undisclosed
  • Inventory/Stock value : Undisclosed
  • Specialist Used Car Dealer With Workshop Freehold

Business description

Specialist Used Car Dealer with Workshop

Freehold

Ref. AM165

Location : Lancashire

Asking Price : OIRO £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 business’s 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 business’s 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.

Other Information

  • Real Estate: The business operates from high profile freehold premises circa £200,000. This is included within the asking price. The forecourt is large and can accommodate some 30-35 cars at any one time. There are also offices and a fully equipped workshop with ramp. The company also rents an adjacent piece of land which provides additional forecourt space. Rent and rates on this are circa £13,000 p.a.
  • Competition: 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.
  • Expansion: 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.
  • Years Established: 1988
  • Employees: 05
  • Trading Hours: Monday – Friday: 0800-1800 Saturday: 0800-1700 Sunday: 1200-1600
  • Support Training: The owner will provide full business familiarisation, training and handover to ensure a smooth transition of the business to new owners.
  • Reason For Selling: Genuine retirement
Turner Butler
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