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West Midlands Used Car Retailer with Great Location and Strong Online Presence for Sale

Undisclosed, West Midlands

CONFIDENTIAL SALE

  • Status

    FOR SALE

  • Date Submitted:

    04/08/22

  • Advert ID

    300183

  • Reference

    B06874 / Rightbiz

  • Call Agent:

    Registered members »

  • Turnover: Not Applicable
  • Net Profit: Not Applicable

Business Details

Used car retailer

Business
Please quote reference number B06874.

This Midlands used-car retailer based at a prominent, well-appointed site has grown a fabulous reputation and a loyal base of returning customers. It is now well-placed to develop additional services and grow revenue.

An excellent location has put this used-car business in front of many road users in the Midlands and its well-developed website ensures national reach. Meanwhile, the unwavering focus on customer care has helped to convert a high proportion of enquiries and grow the business’s reputation locally and nationally.

The business offers a full service, including warranties, financing and add-ons such as car sensors, which are fitted on site. A complementary business, which prepares cars for sale, ensures a quick prep and turnaround of vehicles and is also part of the sale.

Highlights - 

  • 40% of revenue from repeat business and referrals
  • Around 3,000 online reviews: rated 4.9/5 on Google, Autotrader and Nicelocal
  • On-site vehicle prep centre
Opportunities - 

  • The business has a lender license and can offer finance directly, something that could significantly grow profits.
  • The car prep facility is predominantly for preparing the business’s own cars for sale. This could be offered to customers.
  • There are promising opportunities to develop the business’s search engine ranking and increase online prominence, via search engine optimisation (SEO).


Location
Based in the West Midlands



Premises
Operating out of a rented premises. 



Tenure
Business premises will be offered on a new lease, with terms to be agreed



Hours
Due to the nature of the business, it operates all year round. 



Staff
The business has 15 members of staff.



Financial Profile
Turnover IRO - £4.4m in 2023

100% share sale

Prospective purchasers will be required to sign an NDA

 



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Contact Agent

Contact the seller for more details, or book a viewing

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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.

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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.

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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.

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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.

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.'.

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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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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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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.

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