Dormant Construction & Property Business in Banbury Oxfordshire
Banbury, Oxfordshire
- Status
SOLD / WITHDRAWN
- Date Submitted:
27/04/22
- Advert ID
294395
- Reference
INT2011 / Rightbiz
- Call Agent:
- Asking Price: £7,500
- Turnover: Not Applicable
- Net Profit: Not Applicable
Business Details
Dormant Business within the Construction and Property Sector
The opportunity has arisen to purchase a dormant company that had previously traded within the construction and property sector.
Originally established in 2007, the business offered development services within both the residential and commercial markets. Their primary operations involved purchasing properties in need of refurbishment and either flipping them for a significant profit or retaining them for rental income.
Previously operating in and around South Wales, the business had experienced strong levels of trade until the financial crash of 2008/09. With property values dropping significantly, the business instead moved to retain their properties and use them to generate rental income – mostly to DSS tenants.
Between 2014 and 2016, the full property portfolio was sold and the company has remained dormant since. There is now the opportunity, however, for it to quickly be restarted by someone with a desire to operate in this field. Furthermore, the business has an accumulated loss of just over £180,000, potentially providing a substantial corporation tax saving if purchased by an existing company within the sector.
This opportunity is offered on a fully relocatable basis.
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Listing Statistics
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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.
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Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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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.
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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.
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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.
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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.
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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.'.
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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.
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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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Advert pending deletion
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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