Established in 2005, the business is a highly-rated car retailer that sources a wide range of vehicles and then sells them on to customers at discounted prices. Based close to convenient transport links, the dealership offers high-performance, prestige and luxury cars, ranging from Audis and Range Rovers to high-calibre Porsches. With over 17 years of experience, the business has established important relationships with suppliers and has developed an enviable customer base.
The family-owned business prides itself on its high-quality service, reliability and transparency, and offers a friendly and tailored service for which the dealership has earned official recognition. The business has, for example, been recognized in the National Motor Trade Awards and has been identified as a ‘Highly Rated Dealer’ by Auto Trader. Moreover, the business has accrued hundreds of positive reviews and testimonials on platforms such as Google and Auto Trader.
The dealership sources cars from various suppliers to which the general public does not have access: it has nationwide contracts for buying cars and uses main dealer part exchanges, large company buy-outs, fleet sales and ex-company vehicles. At any one time, the dealership stocks up to 80 cars, and all stock is subjected to a multipoint inspection. Current stock is valued at approximately £800,000 to £1,200,000. Moreover, every car comes with a full MOT and is serviced in line with the recommended manufacturer guidelines.
The dealership also has established relationships with high-street lenders and specialist motoring finance houses, and thereby helps customers to secure the best finance deal within their budget.
The business has a lot to offer prospective buyers:
| Turnover (£'000) | Adjusted EBITDA (£'000) | |
|---|---|---|
| 2021 (Actual) | 6,078,830 | 107,807 |
| 2022 (Actual) | 10,744,200 | 388,129 |
| 2023 (Actual) | 11,229,900 | 264,830 |
The shareholder has invested 17 years in building the business and now wishes to explore new opportunities.
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