Thriving Norwich Vehicle Rental Firm with £1m+ Turnover & Solid Profit Margins
Undisclosed, Norfolk
- Status
FOR SALE
- Date Submitted:
22/06/23
- Advert ID
515435
- Reference
M35733E / Rightbiz
- Call Agent:
- Leasehold: £750,000
- Turnover: Not Applicable
- Net Profit: Not Applicable
Business Details
LONG ESTABLISHED VEHICLE RENTAL COMPANY – NORWICH, NORFOLK
High Turnover in Excess of £1m per Year
Vehicle Asset Value of c.£1.5m
Majority of Vehicles Under 24 Months Old
Strong Profit Margins
Long Established & Well Known Brand
New Long Term Property Lease Available
Excellent Trust Pilot & Google Reviews
Yard, Workshop & Offices
Long Established Member of the BVRLA
Contact Us For Further Information
AGENTS NOTE
This is a business for sale as a going concern, not an empty premises for sale or let.
CONFIDENTIAL SALE
This listing is confidential at the vendors request. In order to release further information on the business – including the business name, location and the accounts, we require you to complete a short online non-disclosure form. Contact our office for further information, calling the number listed on the advert.
Please note – as this listing is confidential, we have used our office postcode for the location in order to list the business.
FURTHER INFORMATION
REFERENCE NUMBER
M35733E.
OPENING HOURS
8:00am to 5:30pm Monday. 8:30am to 5:30pm Tuesday to Friday. 8:30am to 11:30am Saturday.
TENURE
Leasehold. A new lease will be granted on terms to be agreed between the parties.
RENT PAYABLE
£30,000 per annum.
The Purchaser will be responsible for the landlords costs and fees in connection with the grant of a new lease.
RATES PAYABLE
£2,030 per annum which currently includes a 75% Retail Discount.
This information has been provided to us by the vendor and any interested party is advised to enquire of the local authority to check the position with regards to business rates that will apply to a new owner.
EPC
The Energy Performance Certificate for the property shows an 'E' rating and a score of 116.
PRICE
£750,000.
For the benefit of the goodwill, fixtures, fittings & equipment. Stock and Assets are payable in addition at valuation on completion currently estimated to be in the region of £1,500,000. This is a business for sale as a going concern by way of a share purchase of the existing Limited Company.
VIEWING
Strictly by appointment only, please call us to make an appointment.
FINANCE
We may be able to help you with business financing or your commercial mortgage needs, subject to eligibility. Please let us know if you need our assistance with this and we will put you in touch with our recommended whole of market broker.
BUSINESS TO SELL?
Thinking of selling your business? That's our business!
If you are interested in finding out how much your business is worth, we offer a free and confidential valuation service. You can choose the time and day that suits you best, and we will give you an honest and professional assessment. Please contact our office at your convenience to book an appointment.
PREMIER MARKETING
We are passionate about showcasing our businesses in a way that sets us apart from others. We provide quality property details and comprehensive information on all online platforms and our own website. If you want your business to stand out from the crowd, call us to book a free valuation.
1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
VIEWING STRICTLY BY PRIOR APPOINTMENT THROUGH THE SELLING AGENTS EVERETT MASSON AND FURBY 01603 662662.
Contact Agent
Listing Statistics
Contact the seller for more details, or book a viewing
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
Do not 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 amount 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
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
Get Solicitor
