Featured Brokers
CONFIDENTIAL SALE
FOR SALE
18/05/23
513423
154133 / Rightbiz
Overview
Priding itself on its outstanding customer service, the company provides a comprehensive range of vehicles available for all budgets, offering flexible finance options from multiple lenders, alongside warranty and drive away insurance.
Demonstrating its exceptional standards, the business provides AA warranty and is an AA approved dealer. The company is a Chartered Trading Standards Institute Approved Code business
Having built up the business, our clients are now offering the company for sale to facilitate retirement plans.
Offers invited.
Key Highlights
- Services include vehicle sales, financing, exporting, servicing, repairs and diagnostics, the supply and fitting of tyres, and valeting.
- Provides its services to private individuals in the local area alongside a multitude of national customers.
- The company has sold to international customers and can accommodate this upon request.
- Experienced and knowledgeable team in place.
- Operates from a sales office, two leasehold units and a secure compound holding 100 cars, with extensive storage available at an additional cost.
- Other units are available on-site to facilitate expansion, subject to negotiations with the landlord.
Financial Highlights
- Turnover in excess of £15.7m in YE22.
- Adjusted EBITDA of circa £408k achieved within the same year.
- Average gross profit margin of 12%.
- Finance penetration has increased from 15% to 55%.
- Year-on-year increase in turnover following YE20.
- Over 100 cars in stock at any one time.
- Benefitting from a wide-ranging and diverse client base, the business has no reliance on any particular customer to generate income, with no individual account providing more than 1% of its turnover.
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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