Car Manual and Auto Gearbox Transmission Repairs Business in Hampshire with Freehold Premises
Undisclosed, Hampshire
- Status
FOR SALE
- Advert ID
651916
- Reference
2691RR / Rightbiz
- Call Agent:
- Freehold: £500,000
- Turnover: £246,000 (£4,731 per week)
- Profit: £61,000 (ROI 12.2% • Payback 8.2 years)
Key Features
- Financial accounts available for review
- Annual financial performance details
- Business sale due to retirement
- Capacity for multiple vehicles
Business Details
Car Gearbox and Automatic Transmission Reconditioning Repair Business with Freehold Premises
The proposed sale of a profitable and scaleable business based in freehold workshop premises in the south of England.
The company was set up in the late 1990's and has an excellent reputation with both trade and private customers alike. It is being offered for sale to enable a comprehensive handover after which the current owners wish to retire.
Demand is high, and profits are excellent, but with more resource, the turnover and profits could be considerably expanded. The premises are freehold, fully equipped and capable of absorbing a larger workforce and increase in work. Specialising purely in gearboxes, automatic transmissions, overdrives, differentials and axles, work is provided by many local garage businesses. This keeps the business busy, and able to price work with a healthy profit margin.
The owners have considered how best to handover the business, give it's specialism, and they are very flexible as to how this may be achieved.Â
Enquiries are welcomed from suitable skilled people or organisations with the financial resources to acquire both the business and freehold.
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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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Contact seller
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.
Be safe, use a Rightbiz Solicitor
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