Long-Established Motor Garage in Thornwood Essex for Sale, High Profit Margin, Specialising in Classic Cars
Thornwood, Essex
- Status
FOR SALE
- Advert ID
271596
- Reference
161825 / Rightbiz
- Call Agent:
- Leasehold: £300,000
- Turnover: £469,000 (£9,019 Per week)
- Net Profit: On request
Key Features
- Retirement Sale
- Established Business
- Company for Sale
- Offers Invited
Business Details
LONG ESTABLISHED MOTOR GARAGE
Thornwood, Essex.Turnover circa £469,000 with a gross profit margin of 44%.Provides a full range of in-house vehicle maintenance services, such as mechanical repairs, servicing, MOT preparation and engine diagnostics.Specialises in working on high-performance and classic vehicles.Highly skilled team capable of servicing vehicles from all major manufacturers.Has established a strong reputation over its three decades of trading.Accommodates private and commercial customers, with over 200 customers and a high volume of regular service users providing repeat business.Operates from leasehold premises.Offered for sale to facilitate retirement plans. Ideal bolt-on acquisition for complementary service providers. Offers invited.Contact Agent
Listing Statistics
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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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