For Sale
Used car retailer
West Midlands
- Asking Price: POA
-
Turnover:
Turnover IRO - £4.4m in 2023
100% share sale
Prospective purchasers will be required to sign an NDA
- Tenure: Leasehold
Please quote reference number B06874.
This Midlands used-car retailer based at a prominent, well-appointed site has grown a fabulous reputation and a loyal base of returning customers. It is now well-placed to develop additional services and grow revenue.
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
- 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).
The business has 15 members of staff.
Due to the nature of the business, it operates all year round.
Based in the West Midlands
Operating out of a rented premises.
Tenure
Business premises will be offered on a new lease, with terms to be agreed
