Profitable Classic Car Business with Loyal Customer Base in Shaftesbury Dorset for Sale
Shaftesbury, Dorset
- Status
FOR SALE
- Date Submitted:
28/03/24
- Advert ID
608921
- Reference
GAT2147 / Rightbiz
- Call Agent:
- Freehold: £800,000
- Turnover: £960,000 (Ā£18,462 Per week)
- Net Profit: On request
Business Details
Classic Car Business
Gator Business Sales are delighted to be able to offer for sale this outstanding business that is being sold together with its exceptional freehold commercial premises and accompanying residential property.
Established and profitably trading since 2008, New Elms Classic is acknowledged as an industry leader for all things Morgan and Classic.
The business enjoys three income streams, those being the sale of classic cars, the service, repair and competition preparation of vehicles, together with the manufacturing and distribution of the Rutherford Engineering parts range.
Very loyal customer base, many of whom are āpassionateā about the Morgan brand.
Experienced workshop technicians to transfer.
Well equipped throughout.
Consistently profitable, with a total benefit to the owners in excess of Ā£100,000 per annum.
Stock at Valuation (SAV) will be charged in addition to the purchase price.
New Elms Classic is being sold to facilitate our clientsā retirement plans. The owners, Tim and Chrissy Ayres, are very keen to ensure that the business continues to thrive post sale. As such, a comprehensive handover program will be available if required. It would obviously be advantageous for the new owners to have previous motor industry experience.
Property Details: Freehold, including the commercial premises and a 3 bedroom semi-detached cottage that is currently rented at Ā£940 per month.
Trading Hours: The workshop and showroom are open Monday-Friday: 9.00am-5.30pm. Additionally, weekend appointments can be scheduled for car sales.
Employees: There are 3 workshop technicians who will transfer with the sale. Both of the current owners work full-time in the business.
Location: Ideally located on a busy A-road to the west of Shaftesbury, which ensures maximum visibility for the business.
Premises Details: The showroom and office area of the commercial premises was completely re-built during the past 3 years at significant expense. Together with the workshop and mezzanine, it provides a total area of 410 sq m/4,412 sq ft. The 3 bedroom semi-detached cottage is located to the side of the commercial premises.
Contact Agent
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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 Ā£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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