Ref 8059 – Relocatable Long Established Car Sales Specialist
Blacks Brokers are pleased to bring to the market this relocatable, long established car sales specialist currently located in Liverpool.
Penny Lane Motor Co was established in this busy area of Liverpool in 1996 and our client took ownership in 2002. The business offers specialist knowledge and a wide range of high quality used cars. It has become very well known in this area and has a strong base of customers in place as well as benefitting from a huge amount of additional trade generated by word of mouth referrals and website traffic. Our client has ensured the business has an excellent reputation and superb reviews are noted online. Penny Lane Motor Co has a comprehensive website in place. Included in this business sale is the brand name, customer database of over 5,000 and website.
Penny Lane Motor Co currently operates from a unit in Liverpool. A new owner will need to relocate.
The business is ideally suited to a hands-on owner-operator but due to our client’s retirement, the business is offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level.
The business operates with one member of staff in employment supporting our client working on a full time basis.
Penny Lane Motor Co has traded solidly since opening and our client has established a strong repeat customer base. Accounts for year ending 31st December 2020 show annual turnover of £955,274 and gross profit of £92,815. Full financial information is available upon request.
This long established business has a strong base of customers in the Merseyside area with website reach allowing the business to operate from anywhere in the UK. Our client has secured an exceptional reputation. There is plenty of scope to develop the business further with the introduction of a strong marketing drive and new services such as repairs and servicing. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised. Business: £84,995.
Please quote ref: 8059