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BUSINESS REFERENCE : AM088 / RightBiz AM088-SOUTH WEST SCOTLAND-£165,000-USED CAR SALES COMPANY | | | | | | Used Car Sales Company Confidentially offered for sale Ref No:AM088 Location: South West Scotland Asking Price £165,000 | | | BUSINESS LOCATION: | Undisclosed Relocatable UNITED KINGDOM | | BUSINESS SECTOR: | Services | | TRADE TYPE: | Other | | SALE: | Agent Sale | LEASEHOLD: | £165000 | | | | | | | | | | | BUSINESS DETAILS: | Business Profile:
This business was founded in 2005 by the Vendor after he identified a gap in the sub £5,000 used car market, and has grown since to become a well respected dealership with a reputation for the quality of its vehicles and reliability of service.
The business operates from a prime location in on the outskirts of a major town just south of the Scottish Central Belt and has established itself as the region’s leading independent used car dealer in the ‘entry level/second car market’. 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 vehicles, first class service and attention to detail.
The business has shown itself to be resilient in the face of competition and has maintained strong and incremental growth over its 3 years of trading. The business is further supported by exemplary relations with key suppliers. This commitment to supply chain relationships has underpinned this business’s abilities in product quality and sustained business growth.
Customer Service:
The business manages several hundred customers a year and has the systems and processes to ensure that customers’ orders are satisfied. The most important aspect of customer management and satisfaction considered by the business is honesty and is responsible for the business retaining many customers and the reputation for which has led to the acquisition of many new customers.
Key Strengths:
The business is well established and very profitable, with a loyal and growing customer base, retaining a high level of repeat business, particularly among a number of customers returning on a regular basis and having done so for many years.
The company has earned an outstanding reputation for its professionalism, service, reliability, flexibility, efficient order fulfilment and a willingness to help.
Growth and Expansion:
The current market for this business’s services is growing and is forecast in the near and longer term for significant growth. The business is well positioned to take maximum advantage of this growth as it occurs.
Key Opportunities:
This is an outstanding opportunity to build on the existing services and customer base of this company. With a strong demand for services combined with a capacity to increase turnover, a new owner contributing fresh ideas and investment in resources will have every advantage of building on an excellent platform.
This firm maintains an extensive base of satisfied customers, who appreciate the company’s superior services. There are many excellent avenues for growth, especially with marketing investment and forecasts which are showing early trends for growth and development.
Employees:
The business currently employs the founder only.
Advertising and Marketing:
The business has used limited advertising in the past and there are excellent opportunities to increase this and market the business more aggressively to significantly increase turnover.
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.
Premises:
The business is located in an easily accessible area in South West Scotland and operates from a secure car lot on the outskirts of the town with space for approx. 30 cars and an administrative office in a portacabin.
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.
The business is financially stable with no borrowings, low overheads, positive cash flow, high gross and high net profit and has shown consistent high growth over 3 years trading.
Vehicle sales are circa 150 units per annum at an average price of £2,000 per unit and the vendor feels that with investment in sales and marketing combined with the expected increase in market demand the business could dramatically increase its revenues.
Reason for Sale:
The business is for sale as a result of the vendors’ wish to follow other areas of interest.
Support and Training
The current owner will provide all necessary training and all relevant contacts to allow continuity of trading. | | | | | BUSINESS STATUS: | FOR SALE | | | | | SELLER: | TURNER BUTLER | | CONTACT: | 01895 25 6000 | | REFERENCE: | AM088 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
