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AL183-Route 3 Cars City Centre MOT & Used Car Sales

Asking Price: GBP 600000
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Business Location: United Kingdom » Lincolnshire » Lincoln 
Category: Services » Auto Repair, Parts & Services
Route 3 Cars City Centre MOT & Used Car Sales Business Trading from Large City Centre Freehold Commercial Property with Development Potential STPP
Location Lincoln
Asking Price £ 600,000

This already successful used car sales business, that has been trading for 20 years is situated in a very desirable area, is well established and offers huge potential for new owners to develop still further. The current yearly turnover is circa £400,000 with a net profit of circa £60,000. The business trades from a large freehold property over two floors which are currently set out for ground floor repairs and servicing, and the first floor as offices and showroom with further car standing to the front and rear of the property. This substantial site is ideal for development as it would lend itself to conversion to 14 apartments. The property and business stands on a corner plot in a sort after residential area two streets away from the main city centre.

The business has always enjoyed excellent levels of repeat trade with many of the local customers visiting for many years. In addition they also see a healthy amount of new customers from word of mouth recommendations and from the highly visible trading location on a main through road. This business has built up an excellent reputation for integrity and good service due to their continued commitment to selling quality used cars at competitive prices and customer satisfaction.
Financial Information:  
Annual gross sales: (GBP) 400000
Yearly Revenue: (GBP)
Total yearly sales revenue
Net Profit: (GBP)
Total profit before taxes
General Information:  
Business Area:
Year Established: 1990
Is Relocatable?:
Business closed or an asset sale : No
Is Home based business?: No
Real estate status: No
Number of Employees: 03
Reasons for selling:
Our clients wish to take a well earned retirement
Market competition and expansion:
Growth and expansion can come from installing an MOT bay in the ground floor of the premises and extending the repair and servicing into the unused two integral garages. The first floor showroom would be ideal for introducing new lines such as scooter or motorcycle sales leaving the front and rear forecourts to used car sales.
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