Established in 1995, and now in its 27th year of trading, the business specializes in sourcing and selling quality used cars, motorhomes and campers both locally and nationwide. With an established customer base in Morecambe, Lancaster, and Carnforth, the business also supplies to customers across the United Kingdom, and as far and wide as Spain, France and other parts of mainland Europe. The dealership currently trades from a large commercial showroom with an ample forecourt in Morecambe, Lancashire, and boasts one the best selections of quality used campers in the area.
Offering a selection of over 30 used cars and motorhomes, the business has recently shifted its focus to motorhome sales which has helped to increase turnover and expand profit margins.
The 2023 accounts record an outstanding turnover over £2.3m, growing steadily in the past three years due to buoyancy of the market and a rising trend in UK staycations.
Throughout its long history, the car and motorhome retailer has developed an excellent reputation in the second-hand motorhome market, with uniformly positive reviews on Google and Facebook. Repeat trade also testifies to the quality of the business’ service.
The business has a lot to offer the prospective buyer:
Moreover, there are ample growth opportunities for the future vendee:
| Turnover (£'000) | Adjusted EBITDA (£'000) | |
|---|---|---|
| 2021 (Actual) | 1,294,150 | 71,857 |
| 2022 (Actual) | 2,320,700 | 123,553 |
| 2023 (Actual) | 2,364,310 | 111,959 |
The shareholder is looking to take a well-deserved retirement, however they are offering a potential handover period.