Car dealer turned £100 into a £4m business

Ashington man Alex Drape turned £100 into a £4m car dealership business.

Transcript

00:00My name's Alex. I'm 23 years old from Newcastle and I started a car dealership at 17 years old.

00:11The first car I bought at 17 was a Ford Fiesta Kia and I sold that for £400 from buying it for £100.

00:17I bought this from a local car dealership. About a year after selling cars from the drive,

00:22I just started running out of room from the driveway so I decided to find a local unit

00:27and sell from there. At first I didn't have money for an office so I spent £200 on a gazebo

00:32and sold cars from a gazebo. I done a sale in return for a car which was £35,000 from a gazebo

00:38in the back of an industrial estate. A year later, my dad, who was the sales manager for a local

00:44independent car dealership, left there and came in partnership. A year after that, we just ran out

00:49of room at the local unit so we decided to come up here to Asherton where we now have over 60 cars

00:54in stock ranging from anywhere from £5,000 to the Asherton here behind this which is £67,999.