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AM109 -Highly Profitable Used Car Dealership

Asking Price: GBP 395000   |  Posted by : Andrew Hudson
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Business Location: United Kingdom » Cornwall » Cornwall 
Category: Retail » Vehicles
Description:
Highly Profitable Used Car Dealership



Confidentially offered for sale

Ref No: AM109

Location: Cornwall
Asking price: £395,000

This company was established in 1991, over the years it has established itself as one of the leading used car retailers in the region. Over the last eighteen years it has built up an enviable database of customers who not only use the service and MOT facility but also source their vehicles from the business. Because the company has been trading for so long they can boast of supplying several generations of whole families many of who have introduced their friends and associates to the dealership.

The sales operation sells around two hundred and ten used vehicles a year covering all client requirements from £3,000 cars to £25,000 luxury vehicles. On average the operation holds around thirty-five well presented cars and stock is sourced from local franchised dealers, on line auction houses and known and trusted traders. The business is an approved buyer for BMW and Audi ex company cars. They are also a buyer of Motability vehicles
Financial Information:  
Annual gross sales: (GBP) N/A
Yearly Revenue: (GBP)
Total yearly sales revenue
1700000
Net Profit: (GBP)
Total profit before taxes
151000
General Information:  
Business Area: N.A.
Year Established: 1991
Is Relocatable?:
No
Business closed or an asset sale : No
Is Home based business?: No
Real estate status: No
Number of Employees: 08
Reasons for selling:
After a long and successful career the senior partner has decided to take early retirement.
Market competition and expansion:
The operation advertises in the local papers and on the Autotrader website. Key to their success is the amount of attention paid to farming the database which has twenty five years worth of customer information in its archives. Customers are sent out service reminders every six months and annual MOT notification. This not only keeps the workshops busy but also helps to maintain a relationship with the sales department.
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