Used Car Dealership with Workshop For Sale

Business description

This business was established 3 years ago by the Vendor who has over 35 years experience within the motor trade. Within this relatively small period of time the business has grown to become a significant dealer within the region with a reputation for the quality of its cars, after sales care and finance available.
The business operates from a high profile location within an area of Manchester that has enjoyed a huge amount of regeneration and redevelopment of the last few years. This has only enhanced the positioning of the business which boasts superb facilities and highly visible forecourt frontage. The site is a real asset of this business and may even be a target for potential development in the future such is its prime location on a busy thoroughfare within a major regeneration area of the city. Many current customers have been loyal to the business since the beginning and this has been due in no small part to the business’s competitive prices, quality products, service and attention to detail.

Property information

Property:

Leasehold

Lease terms:

The vendor owns an 80 year lease (3 years in) which ensures running costs are low. Rates are £5500 p.a. The site has been very competitively priced at £699,950 to facilitate a quick sale. The site is circa 12,000 square feet. It has very secure perimeter walls, gates and fencing.The vendor would consider setting up a suitable sub-lease should a buyer not wish to purchase the existing lease outright, subject to negotiation.

Location:

The premises are a real strength of the business. The area has seen huge investment in recent years and redevelopment is continuing to this day. The vendor owns an 80 year lease (3 years in) which ensures running costs are low. Rates are £5500 p.a. The site has been very competitively priced at £699,950 to facilitate a quick sale. The site is circa 12,000 square feet. It has very secure perimeter walls, gates and fencing. The forecourt was recently re-laid and boasts modern floodlighting and CCTV. The workshop has 2 bays, a ramp and a comprehensive inventory of tools and equipment. There are two separate ground floor offices with toilets and a small kitchen area downstairs.

Above the offices on the first floor is a self contained one bedroom apartment with bedroom with en-suite, lounge, kitchen and main bathroom area.

The vendor would consider setting up a suitable sub-lease should a buyer not wish to purchase the existing lease outright, subject to negotiation.

Other information

Expansion potential:

The current business has enjoyed good levels of business to date. There are many areas for expansion not least better utilisation of the workshop facilities the business has at its disposal. The workshops are currently used for servicing and maintaining the current stock.
There is no reason why a new owner could not develop this side further and offer servicing/tyre fitting/ MOT, alloy wheel refurbishment etc to clients, both existing and new in both the trade and retail market. Increased opening hours should also be considered as the business is currently closed on Sundays through choice.

Competition / Market:

The business advertises within the local papers and magazines and also has an excellent website that is linked to the Autotrader website, and lists current stock. There are excellent opportunities to increase this and to market the business more aggressively and to significantly increase turnover. A high proportion of the business's revenue has been due to its excellent reputation for quality and service 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.

Trading hours:

1000- 1800 Monday to Saturday Closed Sunday