Used car retailer

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

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).

Location
Based in the West Midlands

Premises
Operating out of a rented premises. 

Tenure
Business premises will be offered on a new lease, with terms to be agreed

Hours
Due to the nature of the business, it operates all year round. 

Staff
The business has 15 members of staff.

Financial Profile
Turnover IRO – £4.4m in 2023

100% share sale

Prospective purchasers will be required to sign an NDA