Featured Brokers
CONFIDENTIAL SALE
FOR SALE
26/10/23
601708
154987 / Rightbiz
The sale comprises two companies, a second-hand car dealership and a vehicle repair garage, offering a variety of services ranging from MOT’s to refurbishment.
The companies act as a one-stop motor vehicle facility offering automotive products and services, priding themselves on their strong regional reputation and state-of-the-art facilities.
Both businesses predominantly serve private clients within the local area, ensuring a high rate of client retention through incentives and discounts on products and services.
Both businesses are now being offered for sale to facilitate growth under the impetus of new ownership.
Our clients are open to all types of structured offers, subject to negotiations.
Offers invited.
Turnover in excess of £2.8 million in YE22.
67% increase in turnover from YE20-YE22.
Operates within a sustained, stable market, protected against economic downturn, which is forecast to grow at a CAGR of 2.4% from 2023–2028 to reach a value of circa £33.8 billion.
Considerable scope to manage an increased workload with granted planning permission to expand its current premises, and the potential to hire more staff.
Has won multiple awards from trusted automotive dealerships.
Benefits from a strong regional reputation and a team with a wealth of in-house industry experience.
The businesses operate from a single freehold premises. Our clients are flexible with regard to its inclusion in the sale on a leasehold or freehold basis.
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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