Motor Accessory Shops for sale in Wolverhampton

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Online Automotive Parts Retailer

Wolverhampton, West Midlands, England

  • Leasehold Price: £649,995
  • Annual Turnover: £1,868,384
  • Annual Gross Profit: £768,382
  • Annual Net Profit: £68,259
Seller Reference: 6825
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Business Description
Online Automotive Parts Retailer
Seller Reference: 6825
Request Details
Business Description
Established 1999
Annual Turnover 2018 £1,868,834
Gross Profit 2018 £768,382
Net Profit 2018 £68,259
Accounts Available After Viewing
Plenty Of Growth Potential
Loyal Repeat Customer Base
Fantastic Online Reviews
Handover Period Offered
EPC - E
This is a solid business, in its 20th year of operation, with excellent potential to continue growing online. The current owners are in their mid 60s and are looking to retire.

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.

Currently, over 65% of the company's turnover is generated from online sales of automotive and DIY products. This revenue line has been growing steadily as more buyers for these products search online and it is ripe for further expansion, in the right hands.

Last year, online sales increased by over 30%. In the right hands, this can continue to grow.

If you are looking for a good business in the auto sector to make great, then this revenue opportunity is an area an incoming owner could readily exploit as the current owners believe they are only "scratching the surface" of the full potential of online sales in this niche but potentially hugely lucrative specialist automotive sector.

The original business model, which is still a considerable part of the operation, and continues to generate significant income, was concentrated on the remanufacturing of rotating electrics. These are produced in the workshop of the business and are then distributed to Motor Factors - the retail suppliers of motor parts and accessories.

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.
Tenure:
Leasehold
Is accommodation included?:
Warehouse and offices over 12,200 square feet
Location Details:
Relocatable
Listed by:
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