nzbizbuysell.co.nz/105600
Ad ID: 105600

Automotive Business for Sale Auckland

Highly Reputable Car Dealership - over $660k profits.

Location:
Asking:
1940000 plus SAV Approx. $460k

Business for Sale Description

Automotive Business for Sale Auckland

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, view https://www.youtube.com/embed/JuQkS253bXs, or 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

Tony Andrew, 021 938 560, tony.andrew@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

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For more info
Contact: Serdar Kabul

Serdar Kabul

09 394 0574 or 021 188 6144
anytime
Link Business (Ellerslie)
Licensed REAA 2008
Broker Ref: EL03332

Interested In This Opportunity?

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