AM070-Hampshire-Undeclared-Well-established mid market used car sales

Hampshire, United Kingdom

AM070-Hampshire-Undeclared-Well-established mid market used car sales

Asking Price:N/A

Cash Flow:N/A

Gross Revenue:$1,235,742

EBITDA:N/A

FF&E:N/A

Inventory:N/A

Established:2007

AM070-Hampshire-Undeclared-Well-established mid market used car sales

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Business Description

Well-established mid market used car sales operation
Ref. AM070
Location : Hampshire
Asking Price : Undeclared
Established for over ten years, but built upon the current Owner’s 20 plus years experience and knowledge of the motor trade, this very prominently located business attracts customers looking to acquire a mid market priced quality used car from a wide geographical area. With the very occasional exception, this business specializes in vehicles – any make and any model up to a retail value of £10,000.

The business operates from a prime location in this thriving Hampshire coastal town secured on a long term, 75 year lease.

Almost all of the stock of this business comes direct from private owners, local dealerships or is hand picked from major reputable auctions – routes which have consistently provided the best available quality vehicles at prices sufficiently high to ensure good margins in the end-user marketplace, as well as customer confidence in the proven heritage and quality of the vehicle itself.

This business can boast many loyal customers – customers that have returned to the business throughout the many years of its operation, due in no small part to the business`s undoubted knowledge of the local used car market, its competitive prices and the choice of vehicles it always has readily available. With limited competition, the range of choice is well ahead of anything available elsewhere locally. Product knowledge is extensive and customers know when visiting this business that they will be dealing with someone able to make a decision during sales negotiations.

After sales service is excellent too – with three months parts and labour available on every vehicle purchased. All this has ensured this business has an enviable reputation right across the industry and even including the competition, which frequently recommends customers to visit this business should they not be able to meet demand.

With turnover consistently in excess of £1m, generating gross profits of almost £100,000 and trading from a very sizeable, highly visible location secured on a very long lease, this represents an excellent opportunity to acquire a key dealer in the used car sector in the Hampshire area with significant growth opportunities.

Detailed Information

Employees:
3
Competition:
The business uses the Autotrader media opportunities and has used local press advertising with an excellent readership within an extensive geographical area, very successfully. There are excellent opportunities to increase this and to invest in an Internet presence to market the business more aggressively and to significantly increase turnover. A high proportion of the business`s revenue however is due to its very prominent location and to no lesser extent due to its excellent reputation for quality vehicles at a very economical price and strong word of mouth recommendation.
Support & Training:
The current Owner will provide all necessary training and all relevant contacts to allow continuity of trading.
Reason for Selling:
Owner wishes to build on the excellent foundations already laid.

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Reeta Verma

Business Listed By:
Andrew Hudson

Turner Butler

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