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Business for sale in United Kingdom - Am126-freehold car sales and services with development potential-northamptonshire

Asking Price: 675,000 £ Real Estate: Ownership
Sales Revenue: 480,000 £
Net Profit: 1 £
Year Established: 1983
Employees: 5FT, 2PT
# of family members employed: Not Disclosed
Location criteria:
United Kingdom/County of Northamptonshire/Northamptonshire

Business types:

Retail

Business categories:

Automobile & Motorcycle Dealers ; Other Retail Trade

Business description

turner butler are delighted to be appointed as sole selling agents for this exciting business opportunity. This dual opportunity will undoubtedly be of interest to both private and commercial sectors, due to its key location, the flexibility of acquisition package through freehold or leasehold, and its development potential in the mid term. The business is located in a very central position in this county town, with excellent traffic and footfall passing its elevated position continually, every day of the week. The site was acquired and the business started in 1983 and, through the drive and dynamism of its principal, has been providing a key service to the community ever since. The company provides quality used car sales and all associated garage services, and has specialized in the sale and service/ repair of certain european vehicle marque’s throughout this extensive period. The modern showroom/workshop/ forecourt display premises are very well placed for this type of business and, although the principal also owns the freehold, he is prepared to be flexible in his approach to a sale, and offer a choice between purchasing the business on a leasehold or freehold basis. This business is turnkey ready for a new owner and the purchase package includes all of the following and more besides:- • the total site area is circa .260 acres (1040 square metres) complete with modern showroom/ workshop/ forecourt display area • the forecourt can accommodate up to 24 sale vehicles with customer parking for a further 4. The showroom can accommodate a further 3 sale vehicles. • the workshop has a total of 5 bays including a dedicated mot bay interestingly, the site is positioned such that it forms part of the towns proposed redevelopment zone and, although these plans have been shelved due to the current economic climate, are likely to re-emerge in the mid-term 3-5years. Should this scenario come to fruition, the freeholder would be placed in an interesting and potentially financially beneficial position. This opens up the possibility for a property developer to purchase the freehold of the site and then lease the business until the re-development programme re-emerges. This opportunity may be approached from several interesting angles, and will surely bring strong interest from individual entrepreneurs and commercial entities alike. Therefore, an early inspection is recommended. Equipment: the company owns and maintains an extensive inventory of equipment, plant, machinery and fixtures and fittings. Some of this inventory’s major items for inclusion in a successful sale package are:- • 2 x four post ramps • 1 x two post ramp • 1 x one post ramp • equipment for air-conditioning service and re-gas • diagnostic equipment • auto tyre change and balance machine • workshop waste oil heater (no energy bills for heat since 1983) • recovery truck the inventory is far more extensive than space will allow here, and is best detailed when speaking with the principal of the business. Customer service: a key element in the development and growth of this business over the years has been the enviable relationship and reputation that the business has developed with its customer base, with many returning time after time and recommending their services to friends and families. Key opportunities: as previously mentioned, the key opportunity here is probably the ability to trade as a successful business until the re-development opportunity manifests itself.

Additional information

Additional information: Not Disclosed
Support & training: Full support and any necessary training will be provided during handover as part of a successful sale package.
Reasons for selling: This is a genuine retirement sale
Financing available: Not Disclosed
Inventory / Stock value: Not Disclosed

Real Estate

Ownership: yes
Will owner sell real estate?: yes
Included in asking price?: yes
Value: 675 £
Location: Dependant on the nature of the sale i.e. Freehold or Leasehold, a new lease will be negotiated as part of the overall sales package for an intending lessee. Premises are available leasehold if required; asking price of the business will be £145,000.

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