After decades of trading, and an overdue well earned retirement, Baker Payne are pleased to offer For Sale this Leasehold car sales & automotive business. What you see is what you get. An all inlcusive sale, including any remaining stock on sale. The business continues as normal with the usual gusto and effort by this long standing and committed owner over 18 years, and briefly comprises gravel car sales forecourt, main ground floor offices, mechanics bays with ramps and tooling, situated in a desirable village on the outskirts of Salisbury on the busy main A36 fronting a popular trading and industrial estate.
Consistent annual accounts and financials show an annual turnover of around £300,000 with a bottom line net profit of circa £60,000 to £70,000 pa. The business has been approached on several occasions over the years to become a formal dealership for many different marques and brands, including most recently Isuzu.
Plenty of scope and growth exists to add to what is an already successful and well run locally renowned business.
The premises are held on a simple 15 year private landlord commercial lease, which is renewable and subject to an annual rent of £11,700 pa with 5 yearly reviews and freehold purchase option at a later stage. EPC Exempt.
Richard Payne viewed and valued this business, and will be happy to discuss the opportunity in further detail or to arrange viewing access | (m) 07864 054440