AM084 -Used Car Sales Dealer With Freehold Site
Business for sale
Asking Price:
£2,350,000
Turnover:
£1,500,000
Annual profit:
£244,000
Audited accounts:
Yes
Management accounts:
Yes
Years trading:
8
Employees:
No
Photos:
No
Ownership:
Sole trader
Business description
Established six years ago and located on the edge of a busy industrial estate in the North East, this business has built up a reputation for offering the biggest and best selection of mid priced used cars in the area.. There are circa 150 cars for sale, including commercial vehicles and a good choice of 4 x 4 motors. The vehicles are all hand picked and appraised by the knowledgeable and friendly management team and prior to being offered for sale they are all valeted, serviced and fully prepared for sale.The business has built up an excellent reputation, which is evident by the number of repeat customers who return to make their next used car purchase.
Recently the business has invested in a new MOT and service centre with paintshop.This enables all servicing, repairs and preparation to be completed on site, and also provides an extra revenue stream.
Trading from a freehold site and with excellent turnover for the past year in excess of £1.4M, generating gross profits of circa £244,000, this represents an excellent opportunity to aquire a prestige used car business with significant growth opportunity.