Used Car Dealerships

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• Location: ENG West Midlands Turnover £1m - £10m Ref: B1325

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)
2021 (Actual)	3,797	146
2022 (Actual)	5,657	134
2023 (Actual)	4,444	50

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).

Reason for sale

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

Contact Details