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BUSINESS REFERENCE : AM081 / RightBiz USED CAR SALES OPERATION | | | | | | Used Car Sales Operation Confidentially offered for sale Ref No: AM081 Location: Tyne & Wear Asking Price: £130,000 | | | BUSINESS LOCATION: | Undisclosed Relocatable UNITED KINGDOM | | BUSINESS SECTOR: | Motor & Transport | | TRADE TYPE: | Car Sales | | SALE: | Agent Sale | LEASEHOLD: | £130,000 | | | | | | | | | | | BUSINESS DETAILS: | Business Profile
This is an excellent opportunity, to purchase a well known, and respected name, in the used car sales industry. This family business has traded for over 50 years in the North East area,and have been at the present site for over 5 years. During this time they have earned a reputation for supplying good quality used cars with a satisfaction guaranteed motto.
The site is in an excellent location,just off the main town centre, and attracts customers looking for a mid market, low mileage car.
Virtually all of the cars are hand picked by the owner,purchased from private owners and major reputable car auctions. These well chosen routes of supply,continually provide the best and most consistent, available, quality vehicles on the market, ensuring good margins for the owner and confidence in the cars from the end user.
The business, can boast many loyal customers,that have returned many times throughout the years,due in no small way to the businesses undoubted knowledge of the local used car market,and the excellent choice of vehicles always on display.
All of the cars have a full mechanical check and are valeted before they are displayed either in the showroom or put on the forecourt. There is 12 months MOT on the majority of cars and also a warranty,either in house or insurance,depending on the make of car. This all ensures that the customer knows, he is dealing with a reputable firm of used car sales.
Key Strengths
This is an excellent location, just off the main town centre. Average stock holding is circa 90 cars on display at any one time.
The business has been established at the current site for over five years,and the family name has been associated with used cars in the town for over 50 years. There is a huge amount of loyalty from customers within the local community, with many customers returning to purchase their next vehicle from the business, because of previous experience.
The oustanding reputation gained from their customers is for honest, reliable & trustworthy dealings when purchasing their next car. This guarantees a constant stream of customers visiting the site.
Full finance facilities are available to their customers,and the company are fully licensed credit brokers.If required, there are also credit card facilities
Opportunities
This is an outstanding opportunity to purchase a well established and well respected used car sales business with a turnover of circa £924,000. The platform of existing business, is an excellent one to build on, and a new owner, contributing fresh ideas will only enhance the current turnover.
The business has concentrated its efforts on car sales, and at present all servicing, repairs and mot’s are contracted out. This obviously is an expensive outlay and hiring a mechanic would definitely save a considerable amount of money.
The owner also has suggested that there are other considerable cost savings, which he would be happy to discuss with any interested parties.
Currently the business sells circa 400-500 vehicles per year, and advertises in the local press and also on Auto Exchange. There is a company web site, but the business does not yet take full advantage by regular updating of the site.
Employees
The owner, runs the business on a daily basis, including sales, finance and purchasing.
There are 4 full time staff in sales and administration and two other part time salesmen.
Financial information
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.
Current turnover is circa £924,000 with Gross Profits of circa £41,000. Stock is available to purchase if required.
Reason for Sale
The owner wishes to retire after spending all of his working life within the used car sales environment.
Support and Training
The business runs smoothly and is simple to administrate. The current owner would be happy to help, and ensure a successful handover | | | | | BUSINESS STATUS: | FOR SALE | | | | | SELLER: | TURNER BUTLER | | CONTACT: | 01895 25 6000 | | REFERENCE: | AM081 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
