Home Finance & Investments Oakwood Specialist Cars Changing Gear With Major Premises Investment

Oakwood Specialist Cars Changing Gear With Major Premises Investment

A North Tyneside car dealership has invested £100,000 in expanding and improving its showroom facilities – and is now looking at the next stages of its development.

After buying the building on the Foxhunters Trading Estate in Whitley Bay in which it trades at the start of last year, Oakwood Specialist Cars has now completed work on creating a 4,000 square foot indoor showroom and office area, as well as on the first phase of expanding its forecourt and extending its workshop.

Further development of the forecourt area is now being planned, as well as the development of a new preparation area opposite the dealership on the other side of Foxhunters Road which will help to improve the efficiency with which cars are made ready for sale.

Established in 2005, Oakwood is an RAC-approved dealership specialising in sports cars, performance diesels and 4X4s which are hand-selected from across the UK.

It currently employs 12 people, and is expecting to create a number of new jobs as it as it continues to work towards increasing its annual turnover to around £5m.

Gosforth-based RMT Accountants & Business Advisors is working with Oakwood Specialist Cars on all aspects of its continuing development.

Michael Miller, owner of Oakwood Specialist Cars, says: “Buying the premises was the best decision the business has ever made, and it has enabled us to create a much more welcoming and higher quality environment in which to welcome customers.

“The car retail business is evolving rapidly, and it’s essential to be able to offer customers a high quality environment where they’re happy and comfortable spending their time planning and discussing their purchase.

“Having the new preparation centre right over the road will make a big difference to the way in which cars are processed as they arrive, and will mean we’ll be able to get them out on show and for sale even more quickly.

“We’ve got lots of other ideas for making further improvements across the dealership and will continue to add new features which will contribute to our continuing growth.

“The RMT team is always on hand with advice and guidance about our operations, and we really couldn’t have done what we’ve done as well as we’ve done it without their support.”

Anthony Andreasen, director at of RMT Accountants and Business Advisors, adds: “Michael has a very clear idea for how he sees the dealership developing and we’re pleased to be part of helping to see these plans realised.”