Featured Brokers
CONFIDENTIAL
FOR SALE
656511
AM179 / Rightbiz
Fifty Years Established Used Car Retailer
Location: York
Asking Price: £250,000
Business Highlights:
Turnover: £4,800,000
Gross Profit: £327,980
Net Profit: £123,000
Asking Price Includes:
Strong, super recognisable brand.
Prime, very well established retail location.
50 years successful trading.
Upward sales of 400 vehicles per year.
Indoor and outdoor multi-vehicle displays.
Up to 20 cars can be displayed indoors.
Customer database of many thousands.
Fully equipped, modern and well-presented showroom and workshop.
Very strong web presence with a superbly presented website.
Hundreds of 5 Star reviews across multiple sites, Google, Autotrader, Cargurus, Feefo etc
Introduction:
Turner Butler has been appointed to invite offers of purchase of the goodwill and assets of this highly reputable, very long time established, successful used car retailer. Operating for over fifty years and situated in a prime location.
Business Profile:
"THE NAME IN YORK YOU CAN TRUST" offering "QUALITY CARS AT AFFORDABLE PRICES" Established over 50 years ago selling over 400 cars a year from a modern well-equipped site which is two minutes from the A64. They offer an extensive range of hand selected quality second hand cars at sensible prices and stock most makes and models at a price range to suit most budgets, they are FCA Approved and can offer finance products from some of the market leading finance companies. The fast stock turnover allows them to react to seasonal and market changes and to ensure that their prices remain competitive and behind the current market values. Price is not everything, their aim is to also provide a first-class service, superbly presented vehicles and experience to ensure you recommend them and come back time after time.
Customer Service:
The business has prided itself on exemplary customer service. This is borne out by continual, long-term repeat business over many decades.
Key Strengths:
The sale of the business assets represents an exceptional opportunity to acquire a super-well established, profitable, superbly located used car dealership.
The Opportunity:
The goodwill and assets in the business are being offered for sale on a going concern basis. All financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.
Asking Price:
The asking price of £250,000 is for the goodwill and assets of this superbly located, very well equipped, modern and very popular used car retail company.
Premises:
Subject to lease
Reason for Sale:
Retirement.
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
Get Solicitor
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