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Deal Opportunities.co.uk

the UK marketplace for company sales

Used car retailer

Reference
S9119
Turnover
£2m to £5m
Sector(s)
Automotive
Region(s)
West Midlands
Added
04 August 2022

Business description

An excellent location has put this used-car business in front of many road users in the Midlands and its well-developed website ensures national reach. Meanwhile, the unwavering focus on customer care has helped to convert a high proportion of enquiries and grow the business’s reputation locally and nationally.

The business offers a full service, including warranties, financing and add-ons such as car sensors, which are fitted on site. A complementary business, which prepares cars for sale, ensures a quick prep and turnaround of vehicles and is also part of the sale.

Highlights

  •  40% of revenue from repeat business and referrals
  • Around 3,000 online reviews: rated 4.9/5 on Google, Autotrader and Nicelocal
  • On-site vehicle prep centre

Financials

Turnover (£'000) Adjusted EBITDA (£'000)
2019 (Actual) 4,485,660 205,234
2020 (Actual) 4,767,470 207,774
2021 (Actual) 3,796,960 146,454

Opportunities

  • The business has a lender license and can offer finance directly, something that could significantly grow profits.
  • The car prep facility is predominantly for preparing the business’s own cars for sale. This could be offered to customers.
  • There are promising opportunities to develop the business’s search engine ranking and increase online prominence, via search engine optimisation (SEO).

Prospective purchasers

  • 100% share sale
  • Business premises will be offered on a new lease, with terms to be agreed
  • Prospective purchasers will be required to sign an NDA

Reason for sale

To enjoy the rewards of a very successful 10 years in business and spend more time with family.

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