Premium Used Car Dealership

Business
Please quote reference B08010.

Located in Birmingham, the company is a premium used car dealership with a history dating back to 2013. The company’s core business activities revolve around the sale of high-value, high-margin vehicles, with 80% of its sales comprising BMW, Audi, and Mercedes models. The remaining 20% of vehicles sold encompass a range of luxury marques, including high-end Porsches, Ferraris, and Bentleys, as well as more affordable options.

Its comprehensive service comprises a meticulous AA-approved 128-point check, under-vehicle videos, and at least a 6-month MOT on all vehicles sold.

This dedication to customer satisfaction has earned the company an outstanding reputation in the regional used car dealership market with a 5/5 rating on AutoTrader and a 4.9/5 rating on Google Reviews, which has in turn translated into significant and consistent revenue growth – from £538,526 in 2020 to £3.6 million in 2023.

Operating with a lean workforce of six staff members, the company advertises its vehicles through the company’s website, AA, AutoTrader, and other relevant online portals.

Looking to the future, the company is well-positioned to expand into other vehicle segments such as 4x4s and motorbikes, while renewing its focus on the high-growth electric vehicle segment.

Highlights – 

• High retail margin niche, with a focus on BMWs, Audis and Mercedes;
• Exceptional revenue growth, from £538,526 in 2020 to £3.6 million in 2023, buoyed by a busy used car market;
• A trusted name on Birmingham’s premium used car scene, with a 5/5 AutoTrader score;
• Scope for expansion, e.g. through improved marketing, expansion into other vehicle segments, and expansion in the high-growth EV segment.

Opportunities – 

There are ample opportunities for the company’s growth and adaptation in the evolving automotive landscape, including expanding its presence into other vehicle segments like 4x4s and motorbikes, reinforcing its position in the high-growth EV market, and optimising its product mix to focus on models offering the highest retail margins.

Location
Based in Birmingham.

Premises
The business operated from units in a Business Centre where there is scope for expansion.

Tenure
The premises are leasehold.

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

Staff
The business operates with 6 employees.

Financial Profile
Turnover IRO – £3.6m in 2023.

• 100% share capital.
• Leasehold premises available, pending agreement.
• Interested parties will be required to sign an NDA.