FOR SALE
17/06/21
278311
H22956 / Rightbiz
Goadsby Commercial present successful, beautifully presented independent car dealership established in 1982. Substantial goodwill - loyal, long standing customer base with repeat trade. Specialises in the sale and sourcing of used cars, light commercials and campervans. Autotrader "highly rated" for customer service in 2020 and "4.9" stars on Autotrader review site. Genuine reason for reluctant sale - family illness forces sale.
LOCATION
Prominent position on busy Castle Lane West. Located in an area of dense residential housing. Castlepoint Shopping Centre approx. 1.4 miles.
SUMMARY OF ACCOMMODATION
Car Sales Forecourt. 2 Offices. Office 3/Store. Kitchen. Cloakroom.
DESCRIPTION
Car Sales Forecourt, illuminated canopy over, LED lighting, CCTV cameras which can be remotely viewed, brick walled plant display, back lit wall mounted signage. At the rear of the property there is a gate into an alleyway, storage shed. Reception with tiled floor, 2 desks, 3 chairs, 2 large storage cabinets, printer, scanner, computers, wall mounted CCTV screen, air conditioning throughout. Door into Office with tiled floor, sofa, filing cabinet, CCTV throughout, desk, computer, phone point. From Reception through door into Office 2 with tiled floor, desk, shelving, electric wall mounted heater. Door into Office 3/Store. Door from Reception into Kitchen with tiled floor, double bowl single drainer stainless steel sink unit, wall and base units, laminated work top surfaces, counter fridge. Cloakroom with low level WC, wash hand basin.
TRADING & BUSINESS
The A1 Autocentre car dealership was established in 1982 and has operated from the current main road site for the last 12 years. The dealership is operated by three full time members of staff who currently work Tuesday to Saturday inclusive from 9.00am to 5.30pm. The garage holds vehicle stock of up to £500,000 at any one time which obviously varies from month to month. The owner informs us that there is a good regular turnover of stock. Accounts can be made available to genuinely interested purchasers following a successful viewing.
TENURE
LEASEHOLD. The owner informs us that a new lease with a 10 year minimum term will be made available to the purchaser, at a rent of £42,500 plus VAT per annum, with 5 yearly rent reviews and a break at the end of Year 5. We have not had sight of this lease documentation.
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
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