Retirement Sale - Premier Specialist Vehicle Parts Brand, 50 Years Reputation, High Margins, Relocatable
Relocatable
- Status
FOR SALE
- Advert ID
628642
- Turnover: £1,250,000 (£24,038 per week)
- Profit: £140,000 (12% Profit margin)
Key Features
- Established Business
- Accounts Available
- Retirement Sale
- Unique Business
Business Details
Retirement sale of a leading brand of specialist vehicle parts
Retirement Sale of a Premier Specialist Vehicle Parts Brand
We announce the retirement sale of a distinguished specialist vehicle parts company, a brand revered for its quality over the past 50 years. Situated in the Home Counties, this brand has achieved a solid stature in the market, backed by consistent revenue streams and numerous high-profile clients.
The business maintains robust business-to-business networks across multiple sectors, with an impressive 40% of its sales derived from exports. Financially, the company exhibits healthy gross margins of approximately 50% and operates without the burden of long-term debt.
Operational efficiency is ensured through a lean, flexible light-manufacturing unit. The workforce is exceptionally skilled, with an average tenure of over 15 years, indicating stability and expertise. The company could benefit from a dedicated marketing and sales strategy to propel it to the next level.
Financial performance has been noteworthy, with 2023 sales at £1.50 million and an adjusted EBITDA of £313k. Projections for 2024 estimate sales at £1.25 million with an adjusted EBITDA of £138k.
This business was established over 50 years ago and has been under the current ownership for 25 years. The sale is prompted by the owner's retirement. The business boasts an online presence, and we are willing to offer training opportunities to the new owners to ensure a seamless transition.
All stock is included in the selling price, and detailed accounts are available for review.
This is a well-established, unique venture open for offers and represents an exceptional opportunity in the specialist vehicle parts industry.
Listing Statistics
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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.
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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