Profitable 25-Year Used Car Dealership for Sale - Middlesbrough Freehold Opportunity
Middlesbrough, North Yorkshire
- Status
FOR SALE
- Date Submitted:
23/05/23
- Advert ID
513661
- Reference
5860 / Rightbiz
- Call Agent:
- Freehold: £650,000 (Stock at valuation)
- Turnover: £1,170,000 (£22,500 Per week)
- Net Profit: On request
Key Features
- Close to Local Amenities
- With Car Park
- Accounts Available
- Prime Location
- High Turnover
- Fully Fitted
- Established Business
- Unique Business
- Attractive Business
Business Details
Used Car Dealership Business for Sale in Middlesbrough Rare Freehold Opportunity
Key Features
- Established 25 years
- Weekly sales circa. £20,000 - £25,000
- Highly profitable business
- Spacious modern showroom
- Rare freehold opportunity
- Income from adjacent commercial unit
Interested in this Business?Call us 0333 050 7361
Email us [email protected]
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- Details
- Financial Info
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Location
Located within Linthorpe, a popular residential suburb of Middlesbrough in North Yorkshire in the North East of England. The business is prominently situated on the main road and easily accessible via local transport links with close proximity to the A66 and A19 main trunk roads.
The Business
This is a unique opportunity to acquire a well established freehold used car dealership business and premises selling quality used cars. The showroom occupies a corner site on the main road and is incredibly well branded with a modern spacious showroom incorporating an office, kitchenette and toilet. The exterior of the showroom to the rear of the premises leads to the adjacent workshop area and access to the site from the side road.
The business was first established in 1997 and has grown steadily ever since, whilst gaining an excellent reputation and a loyal customer base in the sector, offering first-class customer service competitive pricing. They stock a range of used cars to suit all budgets and lifestyles. Stock is regularly updated with a choice of quality vehicles including hatchbacks, estates, 4×4’s, convertibles, coupes and saloons. Prior to sale every car is thoroughly inspected, service, MOT’d and comes complete with warranty. The company has retained fantastic a solid brand loyalty leading to a high percentage of sales coming from repeat customers and recommendations.
This is an extremely profitable business with scope to continue growing the company and further increase profit. Many orders are often completed without the buyer seeing the vehicle, due to the company’s well presented and easy-to-use website.
The business is generating an additional annual income of £7,800 from the adjacent commercial unit, currently under a letting arrangement with an accountancy firm (no lease agreement).
Business Premises
The ground floor business premises comprises front and rear access to the trading area incorporating a furnished office, kitchenette and toilet. Adjacent to the front of the trading area is a separate commercial unit with external front door access. Adjacent to the rear of the trading area is an external workshop with external rear access.
VAT
VAT will be due and payable on the sale value of the building but will not be due on the sale value of the goodwill of the business.
Accounts
3 years accounts available on request following a viewing.
Rateable Value£10,500
Note: The rateable value is used to calculate your rates bill so this is not the amount you will pay
Measurements
Ground Floor
Showroom 147.7m² (1,589ft²)
Office 4.07m² (44ft²)
Kitchen – 34.4m² (370ft²)
Storage – 2.69m² (29ft²)
Totat 157.66m² (1,696ft²)
Trading Hours
Monday to Saturday 9:00am – 5:00pm
Sunday 12:00pm – 3:00pm
Employees
Owner run business with 1 employee within the business. TUPE rules apply.
EPC
No current EPC
Tenure
Freehold only
Reason for Sale
A rare and exceptional business opportunity being sold due to early retirement.
Disclaimer Notice
The financial information shown has been provided to us by the vendor of the business. Any interested parties should make the relevant enquires to satisfy themselves as to the accuracy of this information as we cannot provide any warranty as to its accuracy. See our disclaimer page for more details..
Viewings
Any viewings for the business and/or property are to be made strictly by appointment only through A1 Businesses for Sale. No approach should be made directly to the owner or any of their employees.
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Listing Statistics
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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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Contact seller
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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