The company is a highly-regarded retailer of a wide range of new, used, and Motability vehicles nationally on a wholesale and retail basis. The company also provides servicing, maintenance, warranty, and parts, primarily to customers based across the Midlands.
The business holds a majority share of the local car sales market and has developed an excellent reputation and an established online business, meaning that it is ideally positioned for a new owner to pursue further development.
The company is now being offered for sale to facilitate retirement plans and other, unrelated business interests.
Offers invited.
Key Highlights
- Graded ‘A’ Vauxhall franchised retailer meeting all targets set by the franchise and operating to an exceedingly high standard.
- Ford appointed service, warranty, and parts franchise holder.
- Holds over 300 used vehicles at any one time, with approximately 160 Motability vehicle accounts providing recurring revenue through service and repairs.
- Has achieved a rating of 4.8 on Trustpilot across more than 2,300 reviews.
- Benefits from a wide-ranging and diverse customer base.
- The company is currently focused on expanding its used car operation by adding more stock and creating more appeal for the used car operation by rebranding it.
- Increasing all marketing activities and developing the sales of vehicle parts through its online shop could significantly expand the company’s turnover.
- Strong second-tier management team in place.
- Operates from three adjacent freehold sites of a total of three acres that have recently been refurbished with new security fencing added.
Financial Highlights
- Turnover in excess of £21m in YE23, with an adjusted EBITDA of £640k.
- Forecast of £32m for YE24 with an adjusted EBITDA in excess of £1.6m.
- Premises valued in excess of £2.5m.
