Well Established Car Main Dealership 2 Franchises New & Used Car Sales | | Undisclosed Cheshire | | Well Established Car Main Dealership-2 Franchises New & Used Car Sales Ref.AM139 Location Cheshire Asking Price £160,000 plus stock at valuation | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 52674
ADVERT IMPRESSIONS : 25,864 TIME(S) | | | | BUSINESS SECTOR: | Motor & Transport | | TRADE TYPE: | Car Dealers & Showroom | | SALE: | Agent Sale | LEASEHOLD: | £160,000 PLUS STOCK AT VALUATION | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Business profile:
This large, well established and respected operation comprises a very well known car dealership site that represents two popular and much in demand major International Car Manufacturers Franchises. The business operate from a prime location with good facilities and highly visible frontage. The site is being offered as leasehold. However the freehold could be made available to a prospective purchaser if so required.
The company has been built up over time to provide a one stop motoring solution that has become a leading force in the South Cheshire region and beyond having been in operation for some 35 years. The owners have had the current franchise operations for many years and have built up a sterling presence in the market providing sales of both new and used cars, servicing, parts, valeting, repairs and MOTs (which it sub contracts out). There is a comprehensive parts stock capability, all from highly equipped premises featuring workshops that employ the very latest innovations in service and repair technology. The business also held another franchise for many years and subsequently enjoys ongoing business in terms of servicing and repairs
Fully trained and experienced technicians ensure that work is carried out to exacting standards to guarantee vehicles are returned in first class condition.
This is an established enterprise, ideally situated serving a large population base. Many current customers have been loyal to the business since the very beginning and this has been due in no small part to the business’s competitive prices, quality products, first class service and attention to detail.
The business has shown itself to be resilient in the face of the current competitive and economic forces and has maintained sales in the markets it serves so well during this time. The business is further supported by exemplary relations with the manufacturers who have helped to ensure that whatever the product - service and availability is never compromised and that customers are never let down, leading to the existing high levels of return custom.
The success of the dealership is probably due to its dedication and ability to supply popular vehicles combined with exceptional service and competitive pricing, with access to all suppliers products and services.
Technology:
Administrative systems and processes have been implemented alongside the use of modern technology resulting in an easily managed and efficient business environment. The company utilises Sage Accounting software and car-industry leading DMS management software systems that also links in to the Sage.
Equipment:
The dealership has a very extensive range of plant, tools and garage equipment as you would expect from a business having been established for so long.. The site has an internal 4-Bay workshop with 2 internal and one external ramp. The workshop has all the necessary diagnostic and test equipment as required by a main dealer. All plant and equipment is included within the sale price.
Customer Service:
Central to the company success is its total commitment to quality and customer care, which is focused to a great extent on after-sales, the area where the reputation of the business can be made or lost. The business has always strived to go the extra mile for customers and this dedication has been repaid through very high levels of customer retention spanning several generations of families. All staff share the company’s commitment to this. The company is a member of the Federation of Small Businesses.
Key Strengths:
• Popular in demand brands
• Significant market share
• Superb location with large range of stock(new and used)
• Well known site and high levels of infrastructure
• Longevity/Market Presence
• Levels of Repeat business
• Sales and profitability
• Excellent structured workforce
• Choice
Growth and Expansion:
This is an outstanding opportunity to build on the existing business levels and customer base of this company, backed by leading brand names that are performing very well within the UK markets during these tough times. With a stable demand for this business’s brands and services a new owner who is capable of instilling fresh ideas will have every advantage of building on an already impressive success story.
There are opportunities to bring in further car brands within the current supply chains that would add to the overall offering this business provides and this is currently being looked at by the vendors.
This business maintains an extensive base of satisfied customers,(circa 1500-2000) who value the company’s products and services.
Premises:
The business is being offered for sale as leasehold, although the freehold could be made available to a new owner if so required(Freehold value is circa £400,000). Current rent is circa £1100 per month. Rates are £18.000 p.a. A suitable new lease would be made available to a new owner subject to negotiation. The site is of a good size (circa 0.44 Acres)and situated on a high profile route into the town. It is also close to the motorway network. The buildings comprise a 4 bay internal workshop, separate 5 car internal showroom (circa 1300 square feet) with offices as well as large external car displays.
The forecourt areas are very well presented and can hold up to 90 cars at any one time. They are floodlit and secure with perimeter fencing. The site has secure gated access as well as CCTV and alarms.
Business Hours:
Monday – Friday: 0930- 1800 Monday to Friday
Saturday: 0930-1730
Sunday: 1100-1400
Security:
Both sites are very secure with forecourt floodlighting, CCTV and full alarm systems fitted.
Advertising and Marketing:
The dealership is supported by the manufacturers own UK public relations and advertising campaigns that focus on a range of national, regional and trade media. This highly effective marketing strategy supports the company’s own extensive marketing effort and has been very successful in increasing sales and boosting the brand’s profile.
A high proportion of the business's revenue has been due to its excellent reputation for quality and service and strong word of mouth recommendation, the most effective form of advertisement for any organisation. In addition to this the business utilises local press advertising as well as Autotrader- both it’s magazine and website.
The company has a corporate website that has been developed to create a presence that meets the demands of today’s consumers, who’s first port of call when buying vehicles is often the Internet. The site lists both new and used vehicles details and is kept up to date as well as having links to the manufacturers they represent.
Financial profile:
The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.
This is a stable business with consistent sales, excellent manufacturer relations and support and good market share and a loyal customer base. This is represented by the fact the business has performed consistently well over the last few years. Sales for last financial year were circa £2.2 Million. Resultant Gross Profits circa £260,000 p.a. generating Net Profit figure circa £75,000 for the year.
Current stock value of new(on consignment) and used cars as well as spare car parts circa £400,000. The vendors are happy to discuss stock levels with potential purchasers during negotiation.
Employees:
Both partners work full time in the business are carry out a wide variety of duties. The business also employs the following personnel.
• Full Time Salesman
• Full Time After Sales Manager
• 2 Full Time Mechanics
• Full Time Valeter
• Full Time Accounts Administrator
Support and Training:
The current owners would be happy to provide full training and support at handover.
Reason for Sale:
Genuine retirement sale. | | | | | | FOR SALE | | | | | REFERENCE: | AM139 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
