FOR SALE
646586
This well-established car body repair business, known for its outstanding reputation and longevity in the area, is now available for sale. With over 20 years of experience, the owner is seeking to sell the business as they prepare for retirement. This opportunity presents a rare moment for an entrepreneur to acquire a respected establishment with existing clientele and significant potential for growth.
The business benefits from an impressive 4 weeks of advance bookings, indicating a steady stream of income. It is equipped with professional-grade vehicle lifts, facilitating efficient body repairs, and boasts a spacious workshop capable of accommodating multiple vehicles simultaneously. Moreover, the well-organised inventory of high-quality automotive paints and supplies further enhances operational efficiency. The package includes essential tools and equipment, allowing the new owner to offer comprehensive bodywork services right from the start.
Location and Accessibility
Strategically located, the business enjoys easy access for incoming vehicles, making it convenient for customers. The area is vibrant, with nearby amenities such as shops and restaurants that attract additional traffic. Although there are a couple of competing body shops nearby, the established reputation of this business allows it to stand out among the competition.
Financial Overview
The business is currently generating a turnover of £49,000 annually, with an attractive leasehold opportunity available at an asking price that can be disclosed upon request. The annual rent is set at £5,196, making this a compelling prospect for prospective buyers. Additionally, the stock necessary for ongoing operations is included in the sale, facilitating a smoother transition for the new owner.
Future Potential
With a market poised for growth, there is considerable scope for increasing turnover. The current owner acknowledges this potential and is open to offering training opportunities to support the new owners in ensuring a seamless transition. The business has established an online presence, which could be further developed to enhance visibility and attract more customers. However, it's noteworthy that there are no employees currently in place, offering flexibility in staffing for the new owner.
This sale is underscored by personal circumstances prompting the owner to move on, thus making it an attractive opportunity for an investor looking to enter the car repair industry or for an existing operator wishing to expand their portfolio. Don’t miss your chance to step into a thriving business with a solid foundation and excellent reputation.
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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