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Used Car Sales And Car Finance Specialists For Sale

Hampshire, UK
Asking Price:
£500,000
Turnover:
£1M - £5M
Net Profit:
On request

Authorised and regulated by the Financial Conduct Authority to act as a credit broker not a lender.

Asking Price £500,000 plus stock (circa £200,000- £250,000).

Turnover (Year Ending September 2024): £1,527,711 (accounts pending)

Business Profile:

This Business specialises in high-quality preowned vehicle sales, vehicle sourcing, part exchange, and AA warranties. The Business is also authorised and regulated by the Financial Conduct Authority to act as a credit broker,not a lender. Additionally, as a credit broker, the business makes it easy for clients to finance and purchase vehicles.

The business operates from a prominent car forecourt with accompanying office space. Cars are prepared and serviced ready for sale in-house, ensuring a rapid sales-to-collection turnaround.
The business offers a unique advantage to the customers, by offering both Used Car Sales and Finance, driving profits and operational efficiency.

The business specialises in used car sales and car finance with a turnover of £1,527,711

The company has an excellent website. The owner is willing to provide a handover period.

The business operates from leasehold premises.

Key Strengths:

  • Trusted name in the Hampshire area with an extremely high reputation.
  • In-house rapid and reliable warranty repairs.
  • Fast sales-to-collection turnaround.
  • Consistent demand for vehicles and high profitability from Month 1.

Property Information

Property:

Leasehold

Location:

Hampshire

Premises Details:
  • Premises: Leasehold property with a car forecourt, office, and shipping container.
  • Annual Rent: £21,600 with yearly reviews.
  • Services: Gas, electricity, water, and broadband.
  • Location: Hampshire.
  • Security: CCTV installed for security.

Business Operation

Reasons for selling:

The owner has been relocating to the sun and is focusing on other ventures. Despite managing the businesses remotely, he feels it’s the right time to pass on ownership to someone who can capitalise on their strong reputations and established operations.

Other Information

Support & training:

The owner is committed to supporting the new owner during the handover and providing training for 2-3 months as required.