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Deal Opportunities.co.uk

the UK marketplace for company sales

Car finance & sales - e-commerce platform

Reference
S7240
Turnover
£2m to £5m
Sector(s)
Automotive, Miscellaneous, Professional & financial, Technology
Region(s)
UK Wide
Added
02 October 2020

Business description

The company provides convenient and transparent car finance packages that are catered to suit its customers’ varying personal circumstances, utilising an innovative, industry-leading e-commerce website that self-generates online applications, facilitating an entirely digital process for buying a new car.

Operating on a national basis, the company efficiently and effectively brokers car finance on either hire purchase (HP) or personal contract purchase (PCP)
agreements, whereby it arranges all financing for its customers, purchases their desired vehicle, then delivers it to their preferred address.

Having quickly established a successful and established business in a buoyant industry, the Directors are now offering the company for sale as they wish to accelerate its expansion and enable it to achieve its full potential.

Highlights

  • Works with a network of established lenders, covering prime, near-prime and
    sub-prime markets, which enables it to cater its offering to people with a wide variety of circumstances. 
  • The company has cultivated a strong national presence, financing an average of 75 cars per month, building up a database with over 35,000 customers’ details. 
  • Strong and respected brand, supported with a cohesive marketing strategy, a prominent social footprint and a wealth of positive customer testimonials. 
  • A rapidly growing business at the forefront of the emerging digitised car sales market, positioned ideally to establish itself as a leading supplier. 
  • Highly experienced management team in place, which will remain in place to oversee the continued expansion of the business. 
  • Operates from leasehold premises based in South England.

Financials

Turnover (£'000) Adjusted EBITDA (£'000)
2019 (Actual) 1,910 38
2020 (Actual) 3,343 36
  • The company has experienced year-on-year growth since its foundation, with
    turnover exceeding £3.3 million in YE20. 
  • As the company continues to expand, turnover is on course to reach £10 million in YE21, with a profit margin of 10%.

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