Businesses For Sale > Business For Sale in North London, UNITED KINGDOM - UK (UK)

AL139 -North London- Ł 1,200,000-Used Car Sales, Service, Repairs and MOT Centre for sale in North London, UK

North London, UNITED KINGDOM - UK (UK)

Asking Price:	Gross:	Cash Flow:
£ 1,200,000	£ 6,000,000	Undisclosed

Business Summary:
Used Car Sales, Service, Repairs and MOT Centre Ref.AL139 Location North London Asking Price Ł 1,200,000 Established in 2005 this is a business firmly committed to giving customers all the professionalism and expertise they'd expect from a main dealer - but without the inflated main dealer prices. This claim is made from a valid point in that the principals and many of the staff have main dealership backgrounds and are trained to the highest levels of customer service and knowledge. So when customers come to purchase a previously owned car, they can be sure that this business will have a specialist in every marque on hand to advise them and a qualified service team to look after the car in the future, with AA warranties providing complete peace of mind for the purchase. With over 200 cars always in stock customers should always be able to find the perfect car - but if not this company will source it for the customer instead. They believe in a service that will always go the extra mile for all their customers, always ensuring that buying a car here will be an experience remembered for all the right reasons.

Year Business was Established: 2005

Facilities / Terms of Lease: Location is without doubt one of the prime factors of the success of this business with excellent fully equipped and modern premises set prominently next to one of the busiest stores in North London. There is a 10 year renewable lease in operation, expiring in 2017 with a current rental of Ł115,000 per annum that includes both internal and external showroom, workshops and offices, with a flat above currently rented to staff and providing additional income.

Potential Growth/Expansion: The owners understand that the business is recognised for its quality of product, brand and choice and has been able to establish itself and capture a significant market share in a highly competitive environment. More assertive marketing and brand investment, could acquire an even larger slice of the market to build this excellent business into an even bigger cash earner.

Competition: Much of the business's revenue is a result of word of mouth recommendation, bearing strong testimony to the excellent reputation enjoyed by the business since its inception. As there is currently little, if any, advertising the owner is aware that a more active sales and marketing campaign would certainly improve sales and profitability and will increase its market exposure and revenues. The implementation of some form of database management would also ensure the business fully maximises the opportunities its large customer bank represents.

Owner willing to train: The current owner will provide all necessary training and handover to ensure a smooth transfer of the business to new owners.

Reason for selling: For family reasons the current owner wishes to re-locate to another part of the country and is subsequently offering this profitable and lucrative opportunity for a new owner to take to the next level of growth.

Seller Reference Number: AL139
BusinessMart.com Listing Number: 60931

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