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AL160 -Pre-Owned Car Dealer with busy MOT Testing and Service Garage

Asking Price: GBP 1200000
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Business Location: United Kingdom » City of London » West London 
Category: Retail » Automotive Dealers
Description:
Pre-Owned Car Dealer with busy MOT Testing and Service Garage
Ref.AL160
Location West London
Asking Price £1,200,000
This busy pre-owned car dealership and garage was established by the Vendor’s Father in 1963. The premises had previously been trading as a used car dealership and maintenance garage since the 1930’s, and as such is very well known in this busy part of West London, drawing customers from a wide catchment area.

The business operates from a prime main road location, in close proximatey to a busy London Underground Station, and with easy access of a major London Artery. The business benefits from a huge amount of daily passing traffic. The large and highly visible site has over 20 cars continually on display, in a generous indoor show area of around 2000 sq ft, and with parking to the front forcourt and side of the building.

The owner hand picks the stock from private dealerships and from major reputable auctions, consistently providing their customers with the best available choice of mid-market cars around. All the cars come fully prepared which may include MOT tests, Servicing, Pre Delivery Inspections and Warranties.

Alongside the established car dealership, the busines operates a car service and repair garage, and has had an MOT testing bay on site for a number of years. The MOT service, in itself drives customers back to the site on a regular basis, as does the competitive tyre and exhaust replacement services.
Financial Information:  
Annual gross sales: (GBP) N/A
Yearly Revenue: (GBP)
Total yearly sales revenue		 700000
Net Profit: (GBP)
Total profit before taxes		 N/A
General Information:  
Business Area: N.A.
Year Established: 1963
Is Relocatable?:
 No
Business closed or an asset sale : No
Is Home based business?: No
Real estate status: Yes
Number of Employees: 06
No of trading hours: Monday – Friday: 8:00 am – 7:00 pm Saturday: 9:00 am – 6:00 pm Sunday: 10:00 am – 4:00 pm
Reasons for selling:
 After many successful years building and running the business from a young age, the vendor has decided to realise the capital from his life’s work and hand the business over in good shape to someone looking to take things to the next level, and enjoy the rewards of his labour.
Market competition and expansion:
 Apart from regular advertising in the local press, the business has grown through recommendation and referral. There is a corporate website, with car listings, which could do with an overhaul and extended web promotion.
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