Acquire Top Independent Used Car Sales Business in Midlands - Relocatable, National Reach
Relocatable
- Status
FOR SALE
- Date Submitted:
09/11/22
- Advert ID
503457
- Leasehold: Price on Application (Stock at valuation)
- Turnover: £2,400,000 (£46,154 Per week)
- Net Profit: On request
Key Features
- Attractive Business
- Accounts Available
- Company for Sale
- Offers Invited
- Established Business
Business Details
Multi award winning midlands based independent used car sales business
Confidential sale.
Opportunity to acquire multi award winning used car retailer. Midlands based with national reach through numerous sales channels and own website. Own website allows customers to select a car and complete a full finance application. Operating out of leased premises including showroom and secure yard (holds up to 50 cars), but could be re-located. The business has won the Highly Rated Customer Choice Award on Autotrader for the last five years and has over 500 Five Star Reviews.
- Last financial year turnover - £2.4m (YE 21/22)
- Last financial year EBITDA - £163,000.
- No. of cars sold (last financial year) – 181 cars sold.
- Current year turnover (Forecasted) - £2.8m.
- Current year EBITDA (Forecasted) - £220,000.
Price on application.
Please contact me for more information.
Listing Statistics
Contact the seller for more details, or book a viewing
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Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
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Contact seller
Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
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