Prestige Performance Cars operates from its modern, highly visible premises on the outskirts of Exeter. The showroom occupies a corner site in the busy Sowton area of the city and shares its sales space with an authorised Thule dealership, which attracts many customers to the site and offers upselling opportunities.
Fronting Osprey Road are spaces for 10 cars pus 5 customer parking spaces. There are a further 20 spaces for stock to the rear. The light and spacious showroom and outdoor sales space enjoys CCTV monitoring, the entire premises being under a rolling annual lease at a cost of £12,000.
Income is driven primarily through used car sales, but also via referrals to local remapping & finance associates. Turnover for the year to August 2022 was in excess of £330,000. Sales in 2021 exceeded £500,000 and demonstrates the scope for further development and the ability to increase revenues through cross-selling and ancillary services. A new owner will be able to continue the marketing of cars for sale, but the current business owner is happy to reduce the level of stock prior to completion.
The sale of the business is due to the owner wishing to focus on other projects.
Annual Turnover: £330,000
