Featured Brokers
CONFIDENTIAL SALE
FOR SALE
10/05/23
512946
153926 / Rightbiz
The company is a leading dealership for a recognised motorcycle manufacturer, specialising in new and used vehicles. It also operates a dedicated vehicle servicing, repair and maintenance centre.
In addition to its main offering, the company sells used motorbikes from all manufacturers, complementing this with a comprehensive range of parts, clothing and accessories.
The company is being offered for sale to facilitate the Managing Director’s retirement.
Offers invited.
Key Highlights
- Benefits from additional revenue generated from sales of accessories and merchandise.
- Has built up an excellent reputation within the industry and the local area.
- Maintains a database of over 53,000 private individuals nationwide, approximately 43% of whom provide regular, repeat business.
- Holds a 17% share in the national motorcycle market, which is expected to reach $1.439m by 2027.
- Considerable opportunities for further growth, including the diversification of its product range.
- Run by an experienced second-tier management team, with the Managing Director providing oversight on strategic development.
- Operates from leasehold premises.
Financial Highlights
- YE22 management turnover of £5.3m, with and EBITDA of £580k.
- YE21 turnover of £5m, with an EBITDA of £545k.
- YE23 budget turnover of £5.4m, with an EBITDA of circa £600k.
- Turnover has increased by 55% between YE19 and YE21.
- Shareholder funds in excess of £1m.
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.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
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.
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.
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.'.
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.
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
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.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
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.
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.
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.
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.'.
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.
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
Get Solicitor
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