Hilton Smythe welcomes to the market an exciting opportunity to acquire this popular and profitable used car dealership.
A relatively popular business set up by the current owner in April 2019, it has now been placed on the market due to our client returning to Spain.
The business currently sells secondhand cars up to around £3000 of which he buys from auction following that our client will ensure the vehicles are serviced and have an mot. He also sells new and part worn tyres.
Cars are currently advertised on Autotrader only and tyres are sold through Facebook and a tyre web site Junction 24 Tyres.
The business has a great website, with new vehicles being updated on there as and when they go live for sale .
There is much scope to increase the turnover and profits by branching out into other areas.
- Repair, servicing, mot preparation of customers own vehicles
- Diagnostics and repair
- Dent removal
- Introduction of wheel alignment
- The garage has the space and height for the introduction of a Class IV mot station
- Car valeting could be introduced as the outside area has a designated car wash area with drainage along with power and water
The workshop can easily house 6 cars in process of repair with lots of room to move around and a further 3 lifts could easily be installed.
The business also recently became an official dealer of a well known tyre manufacturerLocation
The Car Emporium is located within a busy trading estate in the bustling town of Bridgwater.
Bridgwater itself is a large historic market town in the picturesque county of Somerset. The towns closest neighbor is Taunton. Weston super Mare is a close drive away. The garage is in a prominent position which is very easy for customers to find just one mile from junction 24 off the M5 motorway.Premises
The unit is approximately 184.80 Sq. Metres with a large front fore court. Built approximately 10 years ago.
The fore court is brick paved and has a designated car wash area with drain and outside power points and water supply. This area can easily display 14 + cars for sale
The internal space is divided into a front office furnished with shelving units, filing cabinets and customer seating area with lighting, power points and telephone connection and has a disabled toilet off this area which is fitted with hand basin and window to front.
The workshop has a roller shutter and is fitted with a new car lift (New in 2019) and has tyre racking consisting of 5 bays and has a capacity of holding 200 + tyres fitted along one wall.
There are 3 stainless steel work benches along with shelving units and metal cages and cupboards.
There is a new tyre fitting machine and wheel balancing machine with compressor (All New in 2019).
The garage is sold as seen with tools and electrical items as seen. There are many power points fitted in this area. There is ample florescent lighting.
There is a kitchen area with sink in one corner and stairs to a mezzanine area above the office which is carpeted this area has power and lighting.
- 4 Shelf metal shelving units
- 2 Door metal cupboard
- 2 Step steps
- 4 Step steps
- 1 Door metal cupboard
- 5 Shelf metal shelving units
- Tall mobile metal cages
- Stainless steel workbenches with shelf under
- Metal mobile tool unit with 7 drawers
- Metal leg collapsible table
- Large white boards
- Stainless steel workbench 1 shelf under stainless steel back with high level shelf and light fitment
- Professional tyre metal shelving bays 4 shelved high (along total wall)
- Dunlop DWB920 wheel balancer (purchased May 2019)
- Dunlop DTM185HD tyre remover machine (purchased May 2019
We are advised the business is being sold as a Leasehold.
Original lease length: 5 years.
Remaining lease length: 5 years as of 2020.
Rent: £14,000 per annum.
The current business rates are £5933 which should reduce by half in April 2020 to £2966 thus increasing the bottom-line profit by £2966.Hours
Monday to Friday 8.30 – 5.30
Saturday 8.30 – 4.00
Sunday by appointment.
These hours are currently shortened if the owner is at the auctions or taking cars for mot.
The current owner has closed the business for a total of 6 weeks for holidaysStaff
The business is run and managed by our client without staff and so there are no transfers to be concerned about.
The owner sub contracts work when necessary, which would increase profits if the purchaser is able to undertake more work in-house.Financial Profile
The Car Emporium has a forecast for the year of £171,055, with a net profit of £17,615.