Used car dealership for sale in Atherstone Warwickshire, established in 1928.
Atherstone, Warwickshire
- Status
FOR SALE
- Advert ID
642742
- Leasehold: Price on Application (Stock at valuation)
- Rent: £30,000 (£2,500 per month)
- Turnover: £1,500,000 (£28,846 per week)
- Profit: £35,000 (3% Profit margin)
Key Features
- Ample car display space
- Business sale for retirement plans
- Dedicated office space
- Strong customer base and foot traffic
Business Details
Used car sales
Established in 1928, this town centre car dealership boasts an excellent reputation and a strong presence within the community. With a remarkable track record, the dealership benefits from substantial passing trade, attracting a diverse range of customers. Additionally, its location near various amenities such as shops and restaurants further enhances its appeal, drawing in potential buyers and ensuring consistent foot traffic.
With ownership since 2007, the dealership remains a thriving entity in a region characterised by minimal competition. The business has experienced increasing turnover over the past year, currently standing at a substantial £1,500,000, which underscores its financial viability. The annual rent for the premises is £30,000, with a profit margin of £35,000, making this an attractive investment opportunity.
The sale of this well-established dealership is primarily driven by the owner's plans for retirement. Included in the asking price are essential fixtures and fittings, such as office furniture, car ramps, and a kitchenette, providing the new owner with a turnkey operation ready for immediate business activities. Currently, the dealership employs three dedicated staff members and utilizes underutilised workshop facilities, which present additional opportunities for growth.
Key Features
This used car dealership offers ample display space for vehicles, complemented by a strong customer base and positive online reviews. Its successful online presence bolsters local market visibility, ensuring that the business remains competitive. The dealership is equipped with facilities suitable for vehicle preparation and washing, further expanding its service offerings.
With its strategic location in a well-established residential area, the dealership is ideally positioned to serve both used car and van retail markets. The premises include a showroom, providing an inviting environment for customers to explore their vehicle options. Overall, this business represents an excellent opportunity for anyone looking to enter the automotive sector or expand their existing operations.
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Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
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