Featured Brokers
CONFIDENTIAL SALE
FOR SALE
22/11/23
602990
BKP2311220 / Rightbiz
The opportunity is to acquire two limited companies; one offering car garaging services and repairs, the other MOTs, as well as a valuable leased car parking space, available in one sale.
The car servicing and repairs garage has recently been rebranded and is based in a clean, refurbished unit. Containing three ramps, four cars can be worked on at a time, catering for all marques from VW to Porsche, and also electric and hybrid vehicles. 60% of trade comes from regular customers who form a substantial database of private owners and trade, such as small fleets of vans, coaches, lorries, and tractors. Turnover for the first year’s trade since the updating of the business reached over £357k (to August 2023).
The MOT garage is based in a separate neighbouring unit. It has three ramps and has been kitted out with brand-new equipment for MOT, wheel alignment, and AC work. The equipment cost £120k approximately. This element of the business sale is relatively new, with a lot of potential for growth. Turnover is expected to substantially increase to over £110k pa.
Across the units, there are five highly skilled technicians. Capacity is available to take on further staff.
To support the businesses, an additional car parking space is being leased. Being only 100 meters away it provides a useful facility to park 25 or so vehicles.
Operating 5 ½ days per week, trading is from 0800-1730 Monday to Friday and 0800-1330 Saturday.
This exciting opportunity has become available as the owners wish to develop other business interests.
SUMMARY
The sale of the businesses offers an excellent opportunity to purchase well-established and respected businesses within the sector, at a busy location, with scope to increase turnover.
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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