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Henson announces three-year expansion

Henson Motor Group has purchased a two-acre site near Newcastle upon Tyne’s Metro Centre and has announced that it will also be opening an outlet at the city’s Vroom retail park.

The news comes shortly after the new and used car supermarket retailer announced plans to increase turnover from a projected £20m this year to £100m over the next three years, by expanding the business to six sites. That is despite having only operated one retail site during the ten years since the company was founded.

“When we announced our expansion plans in March, the only thing holding us back was finding the right sites,” said David Wilson, managing director at Henson Motor Group.

At Vroom the outlet incorporates a showroom, forecourt area and pre-delivery inspection unit while the ex-CarShock site at the Metro Centre, which has been acquired freehold, will start a refurbishment programme immediately.

The two new sites will complement Henson’s existing 2.5-acre Benton outlet and 3.5-acre car preparation site at Killingworth. Wilson believes the acquisitions will put the group on target to hit £60m turnover within two years.

Meanwhile, expansion to a five-outlet group may not be far off as Henson is currently in negotiations for another site in the north-east and one in Scotland.

A recruitment campaign is due to be launched shortly, with the group looking to hire 25 new personnel for the two new sites, including sales staff, sales controllers, prime and sub-prime finance business managers, administrators and car valets.

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