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CONFIDENTIAL SALE
FOR SALE
20/04/23
512011
BSW231208 / Rightbiz
This exceptionally well established, reputable business has been trading for 60 years, over eight years under the same ownership. The business is introduced to the market due to the desire of a well-deserved retirement. Operating 5 days a week, the business generates a turnover in the region of £345,835 per annum.
The business has built a strong enviable reputation over the years enjoying a much-repeated loyal custom and is well known in the area. The business offers an exceptional service in maintenance, repairs, and MOT’s, along with all other vehicles the business also deals with classic cars. The premises has 6 ramps, including an ATL ramp (MOT testing lane).
This business located in Morpeth, a prosperous town with plenty of scope for increased hours and services. The business could also benefit from social marketing to highlight the services offered, in promoting the business to further advancement and exceptional heights.
Thompsons of Morpeth occupies an outstandingly purpose-built premises, located on Coopies Lane Industrial Estate, surrounded by other local business which benefits from excellent level of footfall and consequent trade.
This substantial locked up premises consists of approximately 450 sq metres with a yard, which can hold about 40 - 50 cars. Access through gates with the reception/ customer service area, well presented with customer seating located in the building on the left, towards the rear left is the workshop which is well presented and comes fully equipped.
Open 5 days a week.
Monday – Friday 0900 – 1700
Saturday Closed
Sunday Closed
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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