Key Features
Established 25 years
Weekly sales circa. £20,000 – £25,000
Highly profitable business
Spacious modern showroom
Rare freehold opportunity
Income from adjacent commercial unit
Location
Located within Linthorpe, a popular residential suburb of Middlesbrough in North Yorkshire in the North East of England. The business is prominently situated on the main road and easily accessible via local transport links with close proximity to the A66 and A19 main trunk roads.
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The Business
This is a unique opportunity to acquire a well established freehold used car dealership business and premises selling quality used cars. The showroom occupies a corner site on the main road and is incredibly well branded with a modern spacious showroom incorporating an office, kitchenette and toilet. The exterior of the showroom to the rear of the premises leads to the adjacent workshop area and access to the site from the side road.
The business was first established in 1997 and has grown steadily ever since, whilst gaining an excellent reputation and a loyal customer base in the sector, offering first-class customer service competitive pricing. They stock a range of used cars to suit all budgets and lifestyles. Stock is regularly updated with a choice of quality vehicles including hatchbacks, estates, 4×4’s, convertibles, coupes and saloons. Prior to sale every car is thoroughly inspected, service, MOT’d and comes complete with warranty. The company has retained fantastic a solid brand loyalty leading to a high percentage of sales coming from repeat customers and recommendations.
This is an extremely profitable business with scope to continue growing the company and further increase profit. Many orders are often completed without the buyer seeing the vehicle, due to the company’s well presented and easy-to-use website.
The business is generating an additional annual income of £7,800 from the adjacent commercial unit, currently under a letting arrangement with an accountancy firm (no lease agreement).
Business Premises
The ground floor business premises comprises front and rear access to the trading area incorporating a furnished office, kitchenette and toilet. Adjacent to the front of the trading area is a separate commercial unit with external front door access. Adjacent to the rear of the trading area is an external workshop with external rear access.
VAT
VAT will be due and payable on the sale value of the building but will not be due on the sale value of the goodwill of the business.
Accounts
3 years accounts available on request following a viewing.
Rateable Value £10,500
Note: The rateable value is used to calculate your rates bill so this is not the amount you will pay
Measurements
Ground Floor
Showroom 147.7m² (1,589ft²)
Office 4.07m² (44ft²)
Kitchen – 34.4m² (370ft²)
Storage – 2.69m² (29ft²)
Totat 157.66m² (1,696ft²)
Trading Hours
Monday to Saturday 9:00am – 5:00pm
Sunday 12:00pm – 3:00pm
Employees
Owner run business with 1 employee within the business. TUPE rules apply.
EPC
No current EPC
Tenure
Freehold only
Reason for Sale
A rare and exceptional business opportunity being sold due to early retirement.
Disclaimer Notice
The financial information shown has been provided to us by the vendor of the business. Any interested parties should make the relevant enquires to satisfy themselves as to the accuracy of this information as we cannot provide any warranty as to its accuracy. See our disclaimer page for more details..
Viewings
Any viewings for the business and/or property are to be made strictly by appointment only through A1 Businesses for Sale. No approach should be made directly to the owner or any of their employees.
