Cambridgeshire Recently Refurbished Used Car Sales – For Sale

RECENTLY REFURBISHED USED CAR SALES – CAMBRIDGESHIRE

Repeat custom built on an outstanding reputation

Situated in the desirable town of Peterborough

Recently refurbished – walk in condition

Advised annual turnover of £1.2 Million

Genuine reason for sale

Ideal trading location

FREEHOLD

Business History

Meridian Business sales are delighted to offer to the market this recently refurbished vehicle sales business which was established by our client in 2008. Our client is reluctantly offering this well presented and equipped business to the market due to their desire to concentrate on other business interests. Since our client established the business he client has gone to considerable expense and effort on the property which has resulted in a truly inviting retail base in walk in condition. Our client informs us that the annual income currently runs at £1.2 Million with a 20% gross profit which is derived from the sale of vehicles in the price range of £5,000 to £20,000 together with warranties, part exchange and hire purchase, subject to acceptance. There is an MOT (class 4 & 7) bay with a mechanics workshop offering MOT’s, servicing, repairs and associated services which is run in house but could be sublet to mechanics. There is massive scope to sell higher end vehicles and at present the business currently houses 40+ vehicles; there is room to accommodate 40-50 vehicles and this may increase income. Above the internal showroom there is a part conversion which could be used for a variety of uses for example, sub let as an office, a call centre or perhaps use as an office base offering warranties or after sales service to customers. The premises would suit a variety of uses, STPP. The business enjoys a strong reputation within the local community and further afield and as such has a high level of regular and repeat trade. The business is currently owner operated with 3 full time and 1 part time staff. Benefiting from a professional website this is superb opportunity to purchase an easy to run business, which offers enormous potential and as such early viewing is strongly is highly recommended to appreciate the potential.

Location

This fantastic car sales business has a highly visible and prominent location on a large industrial estate in Peterborough, Cambridgeshire. The industrial estate is located on a main road which used by commuters and travellers on a daily basis which in turn gives the business a healthy amount of passing trade. The business benefits from private, off road and communal parking together with public transport nearby which makes the location of the business ideal for daily passing trade and visitors to the area. The business is surrounded by complementary businesses and many residential properties. Peterborough is a busy residential and industrial city with high quality recreational facilities including the renowned showground which brings a large number of visitors to the area which is of great benefit to the business. The area has strong road links with the A1 motorway and A47 trunk road which link the city to both nearby Stamford and Huntingdon.

Opening Hours

Monday: 8:30am – 6:00pm

Tuesday: 8:30am – 6:00pm

Wednesday: 8:30am – 6:00pm

Thursday: 8:30am – 6:00pm

Friday: 8:30am – 6:00pm

Saturday: 8:30am – 5:00pm

Sunday: 10:00am – 4:00pm

Accommodation

Well signed, stand alone commercial unit with external and internal showroom space, reception, private office, MOT bay with workshop, 1st floor conversion, briefly comprising:

GROUND FLOOR PREMISES

Fenced perimeter

Sales forecourt – parking for 50 – 60 vehicles

MOT bay – with 2 hydraulic lifts -equipped for trade

Workshop – equipped for trade

Reception area

Internal showroom

Private office

WC

FIRST FLOOR

Part conversion

EXTERNAL

Private parking

Off road parking

Communal parking