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the UK marketplace for company sales

Online retailer of pre-owned commercial vehicles

Reference
S11422
Turnover
£10m to £25m
Sector(s)
Automotive, Motor dealerships, Retail & wholesale
Region(s)
UK Wide
Added
05 March 2024

Business description

The company sells a comprehensive range of light commercial vehicles,

including pick-up trucks, vans and cars, offering makes and models from leading manufacturers to a large customer base.
The company generates the majority of its revenue via its e-commerce website.
The website is backed by AI technology, which streamlines the sales and customer service processes, enabling the company to offer excellent deals on finance and warranties. This also places the company in a strong position from which to achieve an increased market share, with the potential to place it at the forefront of the used vehicle market.
The company is being offered for sale as the shareholders wish to realise the
assured wealth derived from the value of the existing business whilst facilitating further growth.
Offers invited.

Highlights

  • Caters to small business owners or sole traders, with over 5,000 vehicles sold in YE23. 
  • A multi-award-winning company with an excellent reputation for the quality of its vehicles and its efficient customer service. 
  • Market is expected to experience growth, with dealerships that possess an online presence benefitting from changing consumer behaviours. 
  • Experienced second-tier management team in place to lead the business postsale, with minimal oversight required day-to-day from the Shareholders.
  • Shareholder willing to remain with the business post-sale, subject to the deal structure presented. 
  • Operated from leasehold preparation and distribution hubs located in the north and south of the UK, which can facilitate viewings and test drives, should a customer prefer. The southern facility also acts as the company’s headquarters.

Financials

Turnover (£'000) Adjusted EBITDA (£'000)
2020 (Actual) 4,609 358
2021 (Actual) 8,291 650
2022 (Actual) 9,894 554
2023 (Actual) 12,586 774
  • YE23 turnover of £12.5m.
  • Adjusted EBITDA of £775k achieved in the same year. 
  • Turnover exceeded £3m during the first two months of YE24.

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