Showroom for saleHuxley Close, Plymouth, Devon, PL7
150 sq. m.
- Business for sale
- 1,614 sq ft (150 sq m)
- Car Dealership/Sales
- Ref 13461 I
F1 Automotive occupies substantial premises, ideally located within the Plympton district of Plymouth, Devon. The business is located on a busy industrial estate and benefits from a high volume of footfall and passing trade, as well as excellent car parking facilities. The industrial estate is surrounded by a densely populated residential area, from which the business derives much trade.
Plympton is a suburb of the city of Plymouth. According to the 2011 census, Plymouth has a residential population of 300,000. Plymouth is a bustling city on the south coast of Devon. The city is very popular with visitors and tourists who visit historic naval attractions, as well as Plymouth Hoe and Smeaton`s Tower. The business services the Devon and Cornwall community.
The area of the business is well served by the public transport system, with several bus stops within easy walking distance of the property. The nearest railway station is Plymouth, which is approximately 6 miles away. The area is also well served by the A-roads, with the A38 being within easy driving distance, which links to the national A-road and motorway networks. Tavistock is approximately 14½ miles away and Liskeard is 22 miles away.
Hilton Smythe is delighted to welcome to the market this busy independent supplier and buyer of prestige, sport and performance motor vehicles in Plympton, Plymouth in Devon.
The business was established by our client in 2006 and is only now, reluctantly, being offered to the market, due to our client's other business interests within the sector. The business currently operates 6 days per week, with appointment booking on Sundays, and as per the 2017 accounts generated a turnover in the region of £595,300, with a gross profit of approximately 9%.
Our client specialises in the sale of high end sports, performance and prestige vehicles, such as BMW, VW, Audi and Mercedes. The property boasts 150 sq. metres of floor space, is very well maintained and fitted out to suit the trade.
The business has built up an excellent reputation within the area for the quality of the vehicles and services offered, which has resulted in a very high volume of word of mouth recommendations.
Our client is more than happy to offer a new owner a handover period, to share his knowledge and experience he has gained from working within this sector.
We feel there is scope to increase the turnover by extending the opening hours. A new owner could also embark on a modest marketing campaign to highlight the goods offered. The business already has an excellent website in place, which is very informative and displays the cars available at www.f1-automotive.com.
This is an excellent opportunity for a new owner to take this already thriving business to the next level; therefore, early discussions with Hilton Smythe must come highly recommended to avoid disappointment.
Substantial ground floor, lock-up premises, in an ideal trading location, briefly comprising:
Approximately 150 sq. metres of floor space.
Roller shutter door.
Display area for approximately ten vehicles.
Ancillary area and kitchen.
Purpose built corner sales office.
Forecourt space for seven vehicles.
We are advised Leasehold:
Original lease length: 3 years
Remaining lease length: rolling monthly, however, the landlord is willing to provide a new year lease for the new buyer.
Rent: £9,000 per annum
The business is open:
Monday - Saturday: 9.30am - 5.30pm
Sunday: By appointment only
The business is owner run and managed.
As per the 2017 accounts generated a turnover in the region of £595,300, with a gross profit of approximately 9%.
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