Business
Please quote reference number Z-2864-C
A car retailer that sources a wide range of vehicles and then sells them on to customers at discounted prices. The dealership specializes in high-performance, prestige and luxury cars, ranging from Audis and Range Rovers to high-calibre Porsches.
Established in 2005, the business is a highly lucrative auto broker, catering to the high-performance and prestige car market. In an ideal location close to transport links, the dealership offers prestige and luxury cars, ranging from Audis and Range Rovers to high-calibre Porsches. With over 17 years of experience, the business has established important relationships with suppliers and has developed an enviable customer base.
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The family-owned business prides itself on its high-quality service, reliability and transparency, and offers a friendly and tailored service for which the dealership has earned official recognition. The business has, for example, been recognized in the National Motor Trade Awards and has been identified as a ‘Highly Rated Dealer’ by Auto Trader. Moreover, the business has accrued hundreds of positive reviews and testimonials on platforms such as Google and Auto Trader.
The dealership sources cars from various suppliers to which the general public does not have access: it has nationwide contracts for buying cars and uses main dealer part exchanges, large company buy-outs, fleet sales and ex-company vehicles. At any one time, the dealership stocks up to 80 cars, and all stock is subjected to a multipoint inspection. Current stock is valued at approximately £1,500,000. Moreover, every car comes with a full MOT and is serviced in line with the recommended manufacturer guidelines.
The dealership also has established relationships with high-street lenders and specialist motoring finance houses, and thereby helps customers to secure the best finance deal within their budget.
The business has a lot to offer prospective buyers:
- Well-established relationships with suppliers;
- Excellent relationships with finance companies that underwrite the business;
- Outstanding financial track-record, with turnover above £11m in 2023.
- Dealer management system which automates processes;
- Excellent customer service record;
- Repeat customers;
- Extensive database with the information of 15,000 customers;
- 50-70 new clients per month.
Highlights –
- Well-established relationships with suppliers;
- Excellent relationships with finance companies that underwrite the business;
- Outstanding financial track-record;
- Dealer management system which automates processes;
- Excellent customer service record;
- Repeat customers.
Opportunities –
- Opportunity to integrate further facilities such as a body shop and repair garage;
- Opportunity to expand into electric vehicles;
- Opportunity to improve the company’s social media strategy.
Location
Based in East Midlands.
Premises
The business operates out of large premises.
Tenure
The premises are leasehold.
Hours
The business trades all year round.
Staff
We are advised the business has a small team of staff.
Financial Profile
Turnover IRO – £11m in 2023
- 100% share capital
- Interested parties will be required to sign an NDA
