1 - 6 months
£10,001 - £100,000
Marketplace for Car Mechanics (“MCM”) is a website to find the cheapest quote for car repairs, servicing and MOTs in your local area. The site was set up 18 months ago and we have coverage across London with 180 garages signed on to the system. A user can insert their number plate and postcode, the work they require, then the website will retrieve quotes from mechanics in the local area who quote for the work. We operate a business model of payment of a fee by the garage every time they quote for some work, regardless of whether that quote is successful or not.
The business now needs takes taking to the next level, with national expansion and further marketing.
For confidential reasons as we are a trading business we have not disclosed the website address, but it will be disclosed to interested parties.
Claimed revenue, costs and profit/(loss) for the last three years (verified with financial statements prepared by accountant):
|Year End ||Revenue ||Costs ||Profit/Loss|
|30th June 2018 ||£27,275 ||£-38,888 ||£-11,613|
Claimed revenue, costs and profit/(loss) for the last 12 months (verified with management accounts):
|Month/Year ||Revenue ||Costs ||Profit/Loss|
|July 2018 ||£1,250 ||£-1,153 ||£97|
|August 2018 ||£640 ||£-1,254 ||£-614|
|September 2018 ||£3,540 ||£-3,400 ||£100|
|October 2018 ||£3,870 ||£-2,870 ||£1,000|
|November 2018 ||£4,500 ||£-3,119 ||£1,381|
|December 2018 ||£1,850 ||£-1,650 ||£200|