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AM105-Pickup Franchised Motor Dealer Classic and American Restoration - Cornwall, Cornwall £230,000 |
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This garage has been trading since circa 1935 and is situated close the center of a well known Cornish town. The present directors acquired the operation in 2000 and have continued to offer excellent value, developing a busy MOT, service and bodywork operation
In 2004 the company became the Cornish franchise dealer for an eastern pick up vehicle. This product range is very much aimed at the agricultural and commercial market and while it does sit in the 4X4 market is not subject to the vagaries of motoring fashion! It has an excellent reputation as a pragmatic, strong and tough utility vehicle offering superb reliability and good value for money. While the business does not retail used vehicles the marque retains good residual values. |
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Potential: |
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The business also owns two unique domain names that will allow them to market their new vehicles on the Internet across the whole of the UK. As such gross margins could be reduced while net profits are maintained due to minimal overheads. New unit sales could be dramatically improved.
The business does not presently encourage part exchanges and as such its used vehicle sales are negligible.
Active marketing of the American and classic car services available would also increase revenue streams |
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Lease Details: |
The premises are leasehold. There are eight years remaining of a fifteen-year lease at an annual cost of £17,000. Total square footage is circa six thousand square feet. |
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