Prime Warwick Car Dealership for Sale - Established Business in Affluent Area
Warwick, Warwickshire
- Status
FOR SALE
- Date Submitted:
16/11/22
- Advert ID
503810
- Leasehold: £300,000
- Rent: £66,000
- Turnover: £2,600,000 (£50,000 Per week)
- Net Profit: £139,000 (6% Profit margin)
Key Features
- Established Business
- Retirement Sale
- Prime Location
- Planning Consent Available
- Accounts Available
- Unique Business
- Company for Sale
- Owner Financed
- With Car Park
- Fully Fitted
- Offers Invited
- Close to Local Amenities
- Attractive Business
- High Turnover
- New Lease
- Incentives May Be Available
- Large Business for Sale
Business Details
Car Sales Business for Sale Warwick Prime Location
Prestigious Warwickshire Car Dealership established and operated under the same Director since 1990.
Originally a highly successful car supermarket based in Kenilworth with over 700 cars on site, the business was migrated to a dedicated and bespoke site in an affluent and highly regarded Warwickshire village in 2009. The site itself is personally owned by the Director and has had significant investment over recent years, including full refurbishment of the showroom, offices and vehicle preparation facilities.
The existing site can hold over 100 cars and was stocked to this level consistently until 2019 when the Director deliberately tapered down the business to focus on other interests. The Director has since ran the car dealership successfully with an average of 30-40 cars for sale at any time, whilst in the background establishing a separate car storage business and building the foundations for his retirement. The Director is a respected local businessman and philanthropist, and over the years has developed established relationships with local garage support services, auction houses and financial institutions. All relationships and intellectual property related the car dealership will be included in the sale together with a handover period to provide the owner with the best opportunity for success.
The business has always been highly profitable and despite the deliberate taper down in stocking and volume, is delivering an EBITDA in excess of £100,000 per annum in profit and will be sold as a going concern. All financial records will be made available for due diligence under a non-disclosure-agreement.
The new owner will be provided with a 10 year lease of the site as part of the sale.
This is a unique opportunity for an existing car dealership to expand its footprint in Warwickshire, or for an ambitious entrepreneur to hit the ground running with a ready made and successful car dealership operation.
We request that only genuine enquiries are received and a screening process will be undertaken from the offset to ensure that all prospective buyers have a viable business case and means for purchase.
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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.
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