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the UK marketplace for company sales

Used car dealership

Reference
S12077
Turnover
£25m to £50m
Sector(s)
Motor dealerships
Region(s)
North West England
Added
01 November 2024

Business description

The company provides an extensive range of used cars and add-on services, such as spray painting, bumper replacement, MOTs, and wheel replacement.

Its offering additionally includes warranty plans, service plans, tyre and alloy cover, smart repair cover, and car finance commissions.
The business maintains a continuously updated portfolio of stock including major brands such as Audi, Mercedes-Benz, Tesla, Fiat, Volkswagen, and Hyundai.
The business operates from custom-built premises comprising a large indoor
showroom, 22-ramp workshop, valet bays, and office administration space,
enabling the business to turn stock quickly.
The company is offered for sale to facilitate further growth under the impetus
of new ownership. The shareholders are exploring strategic options to facilitate growth plans and are happy to remain post completion.
Offers invited.

Highlights

  • Benefits from prominence in its sector, which remains stable as consumer
    demand for used cars increases during economic downturns. 
  • The company’s in-house workshop enables the business to undertake custom services to prepare the vehicle for sale and minimise lead times. 
  • Skilled and experienced in-house workforce with second-tier management in place. 
  • Director willing to remain with the company following the completion of the sale. 
  • Operates from freehold premises in a prime location close to major transport links and with on-site workshops and an extensive indoor showroom.

Financials

Turnover (£'000) Adjusted EBITDA (£'000)
2021 (Actual) 35,959 1,586
2022 (Actual) 33,001 1,585
2023 (Actual) 32,535 2,302
2024 (Forecast) 34,162 2,421
2025 (Forecast) 37,578 3,135
  • YE25 projected turnover of £37.5m.
  • YE24 forecast turnover of £34.1m. 
  • YE23 turnover of £32.5m.

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