Full Valeting Services for Trade & Private Vehicles - Exeter

Price : £85,000

Business Reference No. 12736

  • Long and well established
  • Enviable name and reputation
  • Very little needs to be spent on marketing to promote the business
  • Excellent and well equipped business premises
  • Located in the centre of a very large trading estate. N.B. The city of Exeter has about 30 vehicle dealerships – the vast majority of which (about 25) are to be found on the subject trading estate – and this is understood to be the highest density of dealerships in any European city!
  • Main dealership approved
  • Trade customers represent approximately 85% of total sales
  • 2019/20 Turnover : £248,937 (Net Profit £47,658) – current financial year sales now (September 2020) at pre Covid-19 levels (following ‘lockdown’ closure of business from 24/03/20 to 31/05/20)
  • Genuine scope for further business expansion
  • Relatively easy trading hours – Monday to Friday only
  • Attractively priced for early sale

THE BUSINESS : Established about 30 years ago, the business was acquired from its founder by the current owners (father and son – although the father is not involved in the business operation) in September 2014. The business is entirely based on the provision of full valeting services for trade and private vehicle customers, with approximately 85% of total sales accounted for by trade customers. Its trade customers include 7 main dealerships, which provide significant and regular custom, plus others who use the subject business’s services (to a lesser or greater degree) on a much more irregular/ad-hoc basis. With the exception of one of the main dealership customers – ...

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