Retail Used Car Dealership With Industrial Units For Sale

Business description

The retail car sales operation was established around fifteen years ago since when it has become one of the foremost retailers in the region with a reputation for selling top quality used vehicles. The business predominantly stocks around sixty cars with forecourt prices between ten and fifteen thousand pounds. The also sell a small number of top end sports cars such as Ferrari.

The company sells in the region of two hundred cars per year.
The business differs itself from the competition by only buying stock from main dealers within a thirty mile radius of its showroom. Every vehicle is RAC inspected and carries a comprehensive warranty. The stock does not have to form part of the sale if not required.

Property information

Property:

Leasehold

Lease terms:

There are three additional units of circa 1600 sq ft each one of which is currently leased out for one year at a fee of £28,800+VAT

Location:

The property offers significant opportunity to the development market or for a retailer wishing to acquire and lease out additional units and office space to other companies.
There is a large forecourt that presently holds forty cars in two rows on a main road site. Behind this is a large glass fronted showroom of approximately 1500 sq ft. above, which are administrative offices and toilets facilities.

There are three additional units of circa 1600 sq ft each one of which is currently leased out for one year at a fee of £28,800+VAT
There is also an additional office space of around 5000sq ft that is presently empty and has been partially renovated. The vendor believes that there are development grants available to complete the refurbishment. All floor plans will be made available by the vendor in due course

Other information

Competition / Market:

The company advertises in the local papers, Auto trader and in Welsh Motor Search.

Reasons for selling:

The managing director has decided to retire.