CoGoGo are delighted to welcome to the market Parrs Motor Spares Limited, Northampton's oldest car parts and accessories supplier.
Parrs Motor Spares Limited was originally established back in 1957, with our clients taking over in 1985. The business has built up an excellent reputation and very loyal client base. As seen by the online ratings and reviews, the business is extremely popular within the region.
This business has now come to the open market due to our clients desire to retire.
Parrs Motor Spares Limited supplies high quality automotive parts and accessories with service and support exceeding our customers’ expectations. They stock a massive range of products and delivers to local garages and body shops and customers can also shop online for speedy delivery. The sale will include a number of lucrative contracts / accounts with blue chip companies on a 30 day credit arrangement as well as many customers that are delivered to on a cash on delivery basis.
The business enjoys great visibility online with impressive reviews such as;
“Old school store, friendly staff and highly recommended“
“Excellent place to buy parts with A1 service“
“Extremely helpful, they go the extra mile also very good prices”
Key selling points -
A well established business with an enviable reputation and many existing customers
Current owner would be happy to offer a handover to ensure the continued success
Prime trading position on a main road with lots of passing trade
Ideal owner managed or partnership business
Perfect bolt on to an existing business looking to expand into the area
Scope to improve -
Advertising and Marketing campaign
Maximise the use of social media
Extend the opening hours, there is demand for weekend opening
Upgrade the existing website and invest in SEO and PPC to drive more customers to the business
Consider opening an eBay shop
Introduce a loyalty card/scheme
All the fixtures, fittings and equipment are included in the sale of the business. Our client has advised that 2 vehicles may be available for purchase, subject to separate negotiation.
Financial Profile
We are advised as per the 2022 accounts, the business generated a turnover in the region of £292,000. Further financials can be made available upon request.
The business has seen impressive year on year growth over the last few years with turnover forecasted to be in excess of £325,000 in 2022/2023.
