Highly Reputable Car Dealership
Serdar Kabul and Tony Andrew from LINK Business Brokers are pleased to have been appointed as exclusive selling agents and are seeking a purchaser for this very well positioned business. It has only been made available for sale due to a change in the owner’s personal circumstances.
Our client is a well-established seller of used cars which are handpicked, individually prepared and presented to the highest standard. The business currently holds approximately 200 - 250 cars. Approximately 32 of these are freehold and owned by the business. The rest of the stock is partially financed. The business also holds approximately 30% equity on the remaining stock which is required to be paid in addition to the purchase price.
The business demonstrates a solid growth trajectory since opening some years ago.
2021 FY sales revenue of approximately $5.1 million with an annual profit of $660,000 after the COVID-19 wage subsidy is removed ($785,000 including wage subsidy).
2021 FY profit is higher than 2020 FY despite the COVID-19 lockdowns.
The business has an excellent online sales portal where buyers can peruse vehicles and then select a time to visit the dealership to see the cars in the flesh.
Used car sales; web site and car lot
Consistent year on year turnover
Great reputation country-wide
A separate complementary business, a fully functional repair workshop with experienced staff, is included in the sale
Big yard and office space with a secure lease at a superior, in-demand location
Excellent arrangements with the finance providers, which contributes significantly to revenue
High-level relationships with the suppliers to access good quality, low-cost stock.
Multiple supplier arrangements for diversity
Automated finance application systems reduce staff costs
Very attractive future opportunities for the new owner.
Bolt-on opportunity for a nationwide chain or larger car dealership to secure a significantly sized dealership with an established reputation in New Zealand
Opportunity for a car hire company, finance provider, vehicle servicing operator to diversify & gain a leading car dealership
Great income generator for an individual buyer or an investor to be a significant player in retail automotive.
To learn more, go to linkbusiness.co.nz/EL03332 and press the “Enquire Now” button to complete an online confidentiality agreement.
Serdar Kabul, 021 188 6144, email@example.com
***Some details of the business for sale are confidential and can only be disclosed upon contacting the broker and a completion of a Confidentiality Agreement. Due to the confidentiality of this business a stock photo image may be used to represent the business.
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Note: Some details of this opportunity are confidential and may be disclosed on completion of a Confidentiality Agreement by contacting the business broker. Also for reasons of confidentiality, stock images may be used to indicatively represent the business.