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the UK marketplace for company sales

Second-hand vehicle sales

Reference
S11994
Turnover
£10m to £25m
Sector(s)
Automotive, Miscellaneous, Motor dealerships, Service industries
Region(s)
South East England
Added
09 October 2024

Business description

Established in 2016 this is a highly profitable car dealership. This business has made significant investments to move from a traditional retail model to a ‘Cinch like’ AI-based ‘Tech & Touch’ model – technology led with real human contact at critical touch points providing customers with a frictionless buying experience and best-in-class customer service. The significant investment in AI and operational systems has reduced costs, increased margins and enabled unlimited scalability creating a unique opportunity.

This business has been recognised for its outstanding service and industry leadership, earning prestigious awards such as the Platinum Trusted Service Award and the CarGurus Top Rated Dealer in2022. Its commitment to customer satisfaction is further reflected by its stellar 5-star FEEFO rating, showcasing a strong, loyal client base.

Successfully shifted from a traditional forecourt dealership to a fully online retailer, powered by a custom-built, AI-driven platform. Significant investments in AI and advanced operational systems have reduced costs and expanded its reach nationwide.

The company's investment in advanced AI technology positions it to capitalise on emerging market trends, driving sustained growth and increased profit margins. With its scalable model, this presents a rare and highly lucrative business opportunity.

Financials

Turnover (£'000) Adjusted EBITDA (£'000)
2024 (Actual) 13 725,911

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