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CONFIDENTIAL SALE
FOR SALE
06/11/23
602226
A well-established mobile locksmith business, which has been in operation since 1997, is currently up for sale. We have been the exclusive owners of this business right from the start. The asking price for this well-known business is £60,000, and its current turnover stands at £20,000. Despite a previous turnover double this amount, we have had to reduce working hours due to approaching retirement and health issues.
There exists substantial potential to boost revenues for this long-standing and well-regarded business. This potential can be realised by increasing service hours again and enhancing online marketing efforts. The strategy mentioned can help in capitalising on and leveraging the immense goodwill this business enjoys. Furthermore, the asking price is negotiable, offering more room for discussion.
Our services include auto locksmithing and domestic locksmithing. We are open to negotiations if there is an interest to acquire only one aspect of the business. It is worthwhile to note that all fixtures and fittings will be included in the sale. The purchase will also come with a van and all necessary machinery.
The opportunity for acquiring this business arises due to health concerns and impending retirement. Our operating hours currently span from 10 a.m. to 5 p.m. on weekdays. We previously ran operations 24 hours a day but have had to limit our hours owing to the reasons stated earlier.
The business is currently a self-run partnership. There is a functional and well-maintained website in place as an added advantage. We are also prepared to offer training to the new owners and to extend our support during the handover process to ensure a smooth transition.
In previous years, when the business ran full-time hours, it generated over £50,000. Ten years of account records are available for review. For complete details about this business, please feel free to reach out to me personally.
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
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