Used Car Dealer Business For Sale

Business description

Advent Business Sales is delighted to offer to the market this extremely well established used car sales business which has been trading successfully since 1971.

The current vendor has been in ownership for the past 18 months and has reluctantly decided to due to personal commitments and a strong desire to take an early retirement.

Since acquiring the business, the vendor has built a good reputation with the majority of customers travelling from all over the Midlands to purchase a vehicle.

The vendor has carefully and cleverly constructed a website which displays all its current vehicles and this has allowed customers from further a field to take advantage of the stock on offer.
The forecourt can accommodate up to 40 vehicles at any one time.

The website contributes to a high percentage of sales and is linked directly to the Auto Trader website.

The business runs on the lines of selling good quality vehicles range from some budget cars to sporty performance as well as vans.

The vendor astutely picks his stock to quantify demand, therefore there is a fast turn around of vehicle sales, allowing new stock to hit the forecourt sooner.

Each vehicle is prepped and valeted before it is put on sale and any minor repairs are contracted out to the garage next door.

Our client offers a good finance package to potential purchasers via a number of finance

companies and this is done in store or directly through the website.

The vendor is always seeking ways to promote and advertise his business further. As well as advertising in the Yellow Pages,

Yell.Com and Bargain Pages, the vendor advertises at a premier league football club with rolling credits on 83 screens including corporate boxes on match days. In addition the vendor advertises at the local cinema screen also attracts a good volume of customers.

Our client has the facility to accept debit and credit card payments as well as cash and finance.

Stock at cost naturally can vary due to demand and availability.

The vendor is willing to assist in a short handover period to help bed in any prospective buyer.


ref:8671B

Property information

Property:

Leasehold

Lease terms:

TENURE: Leasehold
Original lease: 5 years
Remaining lease: 3.5 years
Review every: 5 years
Rent: £26,000 p.a.

We are advised that the annual business rates are currently: £2,300

Living accommodation:

BUSINESS PREMISES The purpose built forecourt has a capacity of a 40 vehicle holding with an added security of CCTV, alarm and floodlights. The business is fully equipped for purpose, which briefly includes: Ground Floor ? Substantially sized double gate which opens into main forecourt ? Canopied area ? Office with steel reinforced doors ? 2 x storage units for tools and equipment ? outside w/c The business comes equipped with full valet equipment and some office equipment.

Location:

Our client is ideally located on an extremely busy main road next to a very popular vehicle repair and MOT garage.

There is a constant traffic flow all day long, in addition, less than half a mile away is a local shopping area which furthers the footfall in the area.

The surrounding area consists of a good range of residential properties within a densely populated area.

The M6 motorway network is accessed at Junction 7, less than 2 miles away.
Birmingham is a progressive multi cultural city which is ever increasing in population and size.

Other information

Expansion potential:

There is tremendous scope for expansion as there is a high demand for used good quality vehicles. Someone who is willing to inject funds into the business and purchase higher end vehicles would reap rewards considerably.

Employing more staff and having a good turn around time on vehicles could easily justify a further £200,000 on sales per annum.

A younger and aggressive person has a good opportunity to purchase a well established business with scope to expand.

Trading hours:

Mon – Fri: 9.30am – 6.00pm, Sat: 9.30am – 5pm, Sun: 11am – 4pm

Financing available:

Please let us know if you require finance for the purchase of a business.

Related documents:

• Sales paticulars