Hilton Smythe is delighted to welcome to the market M Trueman Quality Cars. The business was originally established by our client in 2003. The owner has enjoyed running this profitable business but is now looking to sell the business due to the desire to take a well-deserved retirement.
The business offers a great range of new and used vehicles which are sold from this great plot that sits on a main road just minutes away from Leeds. The vehicles are well priced and a full list of stock can be found on the business website.www.mtrueman.co.uk The website allows customer to see information and photos about vehicles available. There is also the option to enquire about the cars.
The owner is a professional in the trade and was a vice chairman for the Institute Of Motor Industry, in the York area. Our client may offer their knowledge to the purchaser during a handover period if one is required.
The current turnover for the business is a fantastic £457,000 per annum. This is brilliant however we feel this could be increased. The current owner sub-contracts work to local mechanics, the new owner should look to complete repairs themselves. This would allow for an increase in profits.
This is a perfect opportunity for a purchaser looking for a bolt-on or start up business. Hilton Smythe highly advise a viewing to admire this highly profitable business.
M Trueman Quality Cars is located in Selby, North Yorkshire.
The business is facing on to a main road in the town. This location receives a generous amount of footfall and passing trade. This is a semi-industrial area which is just moments from the town centre. Directly facing the property is a motorcycle and scooter repair garage. There is also a business centre with a mixture of retail businesses.
Further up the road from the premise is Selby train station which has regular routes out of town. There are several bus stops all just a short walk away. Just a minor drive away is the A63 which leads on to the A19 this road connects the area to York and Leeds city centre. Leeds centre is approximately 45 minutes away, this is an easy commute using the main road connections.
The business is located on a large plot of land which is securely fenced off. The yard has spaces for 20-30 cars. To the right of the yard is a portacabin which is used as the sales office.
There is tarmac through the centre of the lot and the rest is gravelled.
There are CCTV cameras fitted throughout the yard.
We are advised the business is Leasehold.
Original lease length: 3 years
Rolling lease, new lease to be negotiated.
Rent: £1,200 per month
The business is open-
Monday - Saturday: 9am – 5pm
The business is run and managed by our client with the help of 1 part time casual member of staff.
The business generates a turnover in the region of £457,000 per annum.
With a gross profit of around 11%
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