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Reference: 6825

ID: MV0023

Strong Online Automotive Parts Retailer - Greater Manchester

United Kingdom

This is an excellent business, in its 20th year of operation, with excellent potential to continue growing online.

Reference: 6825

ID: MV0023

Register Interest
Turnover:
£1.87m
Profitability:
3.65%

Location

Greater Manchester

The business is located in a part residential and part commercial area of the Trafford area of Greater Manchester. The location of the business is serviced by excellent motorway links.

Business Description

Its focus is on alternator and starter Motors - one of the largest jobs a mechanic has to do on a vehicle and so the company prides itself on having a great reputation for knowing its spare parts, excellent customer care by experienced staff and an impressive technical knowledge that has access to a specialist database of over 40,000 cross references.

Another but also considerable part of the business is the importation of automotive spares from the Far East for a dedicated and established customer base of over 50 clients.

The company doesn't just supply Alternators and Starter Motors for cars but has increasingly been involved in specialist markets such as jet skis, marine applications, agricultural and factory machinery as well.

Financial Summary

Annual Turnover 2018 - £1,868,834
Gross Profit 2018 - £768,382
Net Profit 2018 - £68,259

Investment Rationale

There is a huge potential to exploit the DIY market in this sector.

Last year, the online sales of the business were up by 30% and the directors believe that in the hands of a new owner, this could continue to grow.

Customer Overview

The company boasts a loyal repeated customer base, with fantastic online reviews.

Employees

There are currently a total of 21 employees.

Training

There is good, longstanding management in place for new buyers of the business. However, the Directors are keen that any incoming owner would benefit from a three-month assisted handover.

To enquire, you will need to complete our Investor Verification Process and sign a Buyer Consent Form.

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