Car Sales Business In Hampshire Price Reduced For Sale

Business description

Phoenix are delighted to place onto the market this excellent car dealership which has been established by our client since 2003. Sale due to business partner emigrating.

The concern has been turned into a turn-key operation by our clients who have vast experience in the industry.

The working system that has been set up ensures that within minutes all vehicles available for sale are located and a profitability analysis is undertaken. Therefore purchase decision making is very simple.

Our clients specialise in £1,000 to £6,000 range of vehicles which is an extremely lucrative market.

The business is run by two partners with a valet/driver who is paid approximately £15,000 per annum.

Because of the nature of the operation this is an ideal franchise opportunity.

Fifty percent of the vehicles sold are through the internet with approximately 30% coming from local advertising and the remainder as passing trade.

Our client would be available for a business familiarisation period if required or possibly continue on a consultancy basis if needed.

Financial Details
The turnover of the business is approximately £1,000,000 per annum with a gross profit of approximately 50%. This yields a net profit of approximately £188,000 per annum.

Property information

Property:

Leasehold

Lease terms:

Original Length 03 years.
Remaining: 03 years..
Rent: £1,500 per month.

Location:

This high quality car dealership is situated on the main arterial road running through Whitchurch in Hampshire. It is surrounded by other businesses nearby and is situated within a well populated residential area. The prominent located enjoyed by the concern ensures good passing trade.

Whitchurch itself is very centrally located between Basingstoke, Andover, Newbury and Winchester. There is good access to the A34 and the M3 and M4 motorways.

Premises details:

Property Details
Large detached forecourt and offices consist of:

Ground Floor
Large covered forecourt with branded facia. Prominent branded signage. Large site approx 1/3 acre with a capacity for up to 40 vehicles.To the rear are2 Large offices, Toilets and a Large fully equipped valet bay. Further to the rear toilets presently used for storage. Stock consists of approximately 40/50 vehicles valued at £100,000.

Business Operation

Reasons for selling:

Owner wishes to sell due to business partner emigrating.

Trading hours:

The business operated from 09.00am – 6.00pm Monday to Friday. Saturday 09.00am – 5.00pm and Sunday 10.00am – 3.00pm.

Employees:

The business is run by two partners with a valet/driver who is paid approximately £15,000 per annum.

Years established:

Over 6 years

Other information

Support & training:

Our client would be available for a business familiarisation period if required or possibly continue on a consultancy basis if needed.

Inventory / Stock value:

£100,000 (included in the asking price)