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Kent-Based Used Car Dealership with Over 150 Vehicles for Sale

Undisclosed

CONFIDENTIAL SALE

  • Status

    FOR SALE

  • Date Submitted:

    28/07/23

  • Advert ID

    517274

  • Reference

    B07386 / Rightbiz

  • Call Agent:

    Registered members »

  • Turnover: Not Applicable
  • Net Profit: Not Applicable

Business Details

Specialised used Car Sales Dealership

Business
Please quote reference B07386

The business was established in the 2010s, quickly outgrowing its original premises and moving into its current, larger workshop.

The previous owner started the business in the South East of England 60 years ago from humble premises, gaining loyal customers across the area over time.

The company sells used cars and commercial vehicles of all major brands, boasting over 150 vehicles in stock at any given point.

Their clientele span is both regional and national, maintaining around 1,000 active clients with return business from recommendation.

For the past 10 years under the current management, the business has upheld a first-class reputation in the industry with commitment to excellent customer service.

The company has several distinctive capabilities to stand out from its competitors and attract the prospective purchaser, including:

  • A varied offer of second-hand cars of all makes and types.
  • A specialised team in place and a clear succession.
  • First-class reputation in the sector and good customer service.
  • A long history of successful sales.
The business has a number of important assets to offer, namely:

  • Rapidly growing financial profile, with over £4M turnover in 2022.
  • A wealth of knowledge and experience, operating for several years in the sector.
  • Loyal clientele, maintaining around 1,000 active clients.
  • Several professional partnerships, including Blue Motor Finance and AutoProtect.
Highlights -

  • Excellent reputation.
  • Opportunity to expand.
  • Potential for financial growth.
Opportunities - 

  • Implementing new services and marketing.
  • Area Expansion – nationally.


Location
Located in the South East of England.



Premises
Operated from freehold unit. 



Tenure
Freehold. 



Hours
Due to the nature of the business, it runs all year round. 



Staff
Further staffing information can be made available upon request. 



Financial Profile
 IRO £4,000,000

  • 100% share capital.
  • Interested parties to sign an NDA.


Read more

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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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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.

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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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