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Established 1980s Electrical Wholesale and Motor Factors Business for Sale in Lincolnshire

Undisclosed, Lincolnshire

CONFIDENTIAL SALE

  • Status

    FOR SALE

  • Date Submitted:

    25/01/24

  • Advert ID

    605590

  • Reference

    590318 / Rightbiz

  • Call Agent:

    Registered members »

  • Freehold: £275,000
  • Turnover: £623,339 (£11,987 Per week)
  • Net Profit: Not Applicable

Business Details

Electrical For Sale in Lincolnshire

ELECTRICAL WHOLESALE / MOTOR FACTORS in Lincolnshire for Sale.

A rare opportunity to acquire a well established motor factor and electrical wholesale business. The business operates from their own warehouse and showroom site based in Lincolnshire. Established in the 1980s, this family run business is a wholesale supplier of electric supplies, motor parts, tools and lighting. They serve trade customers, holiday parks and the general public with a large existing and loyal customer base as well an excellent reputation locally. Annual turnover £623,339. Our clients are selling due to retirement. There is much scope to expand the business, improve operational performance and increase online sales or an ideal opportunity for a bolt on purchase for an existing wholesalers to gain market share in the area. The premises are a self-contained site consisting of the product warehouse, dispatch bay, showroom, offices, kitchen and WCs. Externally is an additional storage building and customer / staff car parks. EPC Band E.
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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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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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The data showed regarding this advert 'Electrical For Sale in Lincolnshire - 590318 / Rightbiz' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.