For Sale
The company is a retailer of used cars, operating a popular e-commerce website that attracts customers nationwide. The business sells high-quality used vehicles, offering a comprehensive range of popular makes and models, and all its vehicles are fully repaired and serviced before being offered for sale.
Throughout its time in operation, the company has developed an excellent industry reputation, evidenced by over 3,000 positive consumer reviews that praise the quality and range of its vehicles, as well as the level of customer service on offer.
The shareholders are offering the business for sale as they wish to explore other unrelated opportunities.
Offers invited.
Key Highlights
- Has been the recipient of several national awards from leading industry bodies.
- Sales can be managed entirely online, with nationwide delivery also available.
- Caters to private individuals, benefitting from high levels of customer retention.
- Experienced second-tier management team in place.
- Operates from leasehold premises, which are fully owned by the shareholders’ property company and may be included in the sale on a freehold or leasehold basis.
Financial Highlights
- YE23 turnover of £5.7m.
- Adjusted EBITDA of £167k achieved in the same year.
- Typically holds vehicle stock to a value of £564k at any one time, all of which is sold within 30 days.
- Property assets valued at £400k.
