Project Cannon a commercial vehicle retailer based in Devon. The business is well-established and offers its products and services across the region. The vendors now wish to retire, with the business representing an excellent acquisition for an existing operator within a similar sector or a new market entrant. Business is available on a leasehold basis.
Turnover for year-end 2023 was £7m.
Adjusted EBITDA for year-end 2023 was in excess of £595k.
The business stocks around 100 commercial vehicles for sale on site and sources vehicles for clients offering finance options for all businesses. Alongside this, the company provides fleet maintenance for blue-chip clients.
With experience in the sector, the company easily sources vehicles and can offer online valuations and part exchange.
Strong second tier management team in place with a forecourt manager, the workshop manager, the sales manager and the service manager who operate autonomously.
| Turnover (£'000) | Adjusted EBITDA (£'000) | |
|---|---|---|
| 2023 (Actual) | 7,000 | 600 |
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