Well-established Used Car Retailer in Nottinghamshire

Retford, Nottingham
REF: S07707

Asking Price:
£60,000
Annual Turnover:
£222,860
Annual Net Profit:
£30,000
REF: S07707

Overview

Tenure:
Leasehold
Established:
2005
  • Excellent reputation
  • Loyal customer base
  • Huge growth opportunity
  • Spacious premises
  • Low overhead

Newly brought to the market is an established used car sales operation based in Nottinghamshire.

Trading for the past fifteen years, the company has grown a fantastic reputation amongst the local community due its friendly service, reliability, and trustworthy ethos. Customers also value the high quality of stock and competitive pricing of all vehicles, alongside its excellent warranty cover for further peace of mind.

The business is currently based from a spacious industrial unit with the capacity to display between 25 and 30 cars at a time. The premises are maintained to the highest standard and include excellent facilities, such as multiple offices. Furthermore, the neighbouring MOT and service centre provides a steady flow of new customers.

The business is perfectly based from a spacious warehouse on an industrial estate in the town of Retford, Nottinghamshire. It benefits from high footfall due to its close proximity with a supermarket and other local businesses, including an MOT and service centre.

The used car stock is displayed in the external forecourt area, alongside an additional zone across the road. The interior showroom of the premises is accessed from a large shutter or the reception door. From the right hand side of the showroom is access to the first floor, where there is an office at the top of the stairs and another to the left. Continuing leftwards there are W/C facilities and a kitchen area, as well as a third large office. The unit and its offices are all presented to an immaculate standard. There is great flexibility as the buyer can choose to lease the upstairs offices to other businesses, should they not wish to use these facilities. Unfortunately, a transitional period is not available.

The business for sale is a brilliant opportunity for a start-up entrepreneur or a local family seeking a business venture together. However, we advise that the buyer already possesses some familiarity with and experience in the used car market, to ensure a strong start to the new ownership. This is especially important as the business is operated entirely by the owner, with no employed staff currently working for the company.

There are numerous measures which could be implemented to develop the business further and increase turnover. For example, the buyer could consider offering additional products and services which complement the car sales, as well as purchasing more stock of a greater quality. In order to increase awareness of the retailer in the surrounding area, the new owner could implement an advertising campaign or a referral scheme for customers, consequently attracting new clientele. They may also wish to host events to showcase and promote new vehicles and products.

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  • No local competition
  • Close to local businesses
  • High footfall
  • On-site car parking
  • Nearby car parking
Rent
£7,500
Rates
£0
Lease Term
5 years
Lease Expiry
2025
Square Footage
TBC
Accommodation Included
No
Premises Licence
TBC
Property Value
TBC
Planning
TBC
EPC
TBC

Annual Turnover
XXXX
Annual Net Profit
XXXX
Stock at Valuation
XXXX
Accounts
XXXX
Trading Entity
XXXX
Current Ownership
XXXX
Management Structure
XXXX
Number of Employees
XXXX

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