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Profitable Vehicle Repair and Sales Business in South East for Sale, £9.4M Forecasted Turnover

 Undisclosed

CONFIDENTIAL SALE

  • Status

    FOR SALE

  • Date Submitted:

    02/10/23

  • Advert ID

    600578

  • Reference

    B07522 / Rightbiz

  • Call Agent:

    Registered members »

  • Turnover: Not Applicable
  • Net Profit: Not Applicable

Business Details

Accident Repair Centre, Mechanical Vehicle Repairs and Vehicle Sales Company

Business
Please Quote reference number B07522.

The business was established in the 2000s, purchasing a long-established local establishment within the first years of inception.

Based in the South East, the business operates across two sites and three profit centres: used car sales, accident repairs and mechanical repairs. They possess a fully equipped accident repair centre and effectively two mechanical repair workshops, which receive regular business from partnerships with insurance companies.

In addition to that, they have an established client base at regional level, with insurance company repairs factoring in 25% of the total turnover, and a large share of profits brought by loyal and frequent customers.

Their services are well known in the area, both for the fame as a local establishment that the company upholds, and for operating as an independent dealer with all the amenities and facilities of a modern main dealer.

At present, there are plenty of opportunities for the prospective purchaser to take on this establishment to achieve new goals, while capitalising on and furthering their existing legacy.

The business has several distinctive capabilities to stand out from its competitors and attract the prospective purchaser, including:

  • Operating in two locations with three profit centres: second-hand vehicle sales, accident repairs and mechanical repairs.
  • Reputable and long-standing enterprise with a strong local reach.
  • Independent workshop, with the facilities of a modern main dealer but with the hourly rate of an independent.
  • An impressive financial profile,with a turnover of £9.2m in 2023. 
  • A fully equipped accident repair centre, which repairs vehicles for insurance companies.
  • Professional partnerships already in place.
  • High-quality used vehicles sold.
  • Long-standing reputation for conducting high-quality work.
  • Loyal and skilled team in place.
Highlights - 

  • Excellent reputation.
  • Well established and long trading history.
  • Three profit centres: car sales, mechanical repairs and accident repairs.
  • Potential for financial growth.
Opportunities- 

  • Implementing new marketing.
  • Furthering and capitalising on existing legacy.
  • Train new skilled workers.


Location
Based in the South East.



Premises
The business operates on two large sites.



Tenure
The premises are Freehold.



Hours
The business operates all the year round.



Staff
We are advised that the business has a large team in place.



Financial Profile
Turnover IRO -£9.2m in 2023.

  • 100% share capital.
  • Interested parties to sign an NDA.


Read more

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Listing Statistics

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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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