Highly Reputable Car Dealership

 

ID

SKA000043

$2.4M

Price

Location

Auckland

Revenue

$5,100,000

Category

Import

Profit

$660,000

Sub Category

Automotive

Highly Reputable Car Dealership

Description

SOLD Serdar.png

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.

Key features:

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.
Opportunities

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, serdar.kabul@linkbusiness.co.nz



***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.

#buybusiness #dealership #newcars #usedcars #financeproviders #auckland

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.

Business Enquiry
Serdar Broker.png

Serdar Kabul

Business Broker, B.Eng, 
Chairman’s Club Member
LINK International

Contact Serdar

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