The Staffordshire-based comp-any's managing director Ian Allen tells AM: “By the end of our financial year we will be ready to expand by opening another site. That could be achieved by acquiring a greenfield site or an existing business.”
Allen adds Motorhouse is looking at territories in the north and south of the UK. The expansion plans are revealed less than a month after Trade Sales, another large car supermarket leader, reported it was looking to move to larger premises.
The Slough-based firm predicted a dramatic rise in the number of similar operations. Motorhouse 2000 specialises in selling new and imported cars at European prices and was formed in November 1999 on a seven-acre site in Cannock, Staffordshire.
It has a stock of 1000 cars with a similar amount on forward order and sells about 200 units a week. Ford Focus and Peugeot 206 account for a major chunk of its business. Financial results show a 20 per cent growth in business. For the year ending October, Motorhouses's pre-tax profits were up to £1.13m on a turnover of £65m.