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CONFIDENTIAL SALE
FOR SALE
625095
An opportunity has arisen to purchase the brand and goodwill of a well-established automotive security specialist. This company has a track record of success, having sold over 362,000 products to UK vehicles over the past decade. Although its trading assets have been sold off, the business remains cash and asset-free, making it an attractive proposition for acquisition.
The firm has been operating for 22 years, under the same ownership since 2002, boasting a very strong credit rating considered as very low risk. Despite the recent complete asset sale, the goodwill of the company is currently up for sale due to strategic decisions. The business's financial performance shows a steady turnover with the following figures: £1.433 million for 2020/21, £1.432 million for 2021/22, £1.201 million for 2022/23, and £1.079 million for 2023/24.
Besides strong offline performance, the business maintains an online presence through its .com and .co.uk domains. The goodwill sale includes a specialist automotive aftermarket security provider, located in a town center with the potential for relocation. Moreover, the company's established presence in the automotive security market makes it an attractive business opportunity.
The asking price for this established business is £20,000, which includes all existing stock. With a current turnover estimated at £1,010,000, this is a lucrative opportunity for interested buyers. Offers are invited from potential investors keen on stepping into a reputable and profitable automotive niche.
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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