Business for Sale in Norwich, Norfolk (Confidential) LONG ESTABLISHED VEHICLE RENTAL COMPANY – NORWICH, NORFOLK

Key Information

Reference

M35733E

Tenure

Leasehold

Status

For Sale

Region

Norfolk

Sector

Car/van Hire Businesses

Rent Payable

Leasehold. A new lease will be granted on terms to be agreed between the parties. £30,000 per annum. The Purchaser will be responsible for the landlords costs and fees in connection with the grant of a new lease.

Business Rates

£2,030 per annum which currently includes a 75% Retail Discount. This information has been provided to us by the vendor and any interested party is advised to enquire of the local authority to check the position with regards to business rates that will apply to a new owner.

Accommodation

No

Business Information

• High Turnover in Excess of £1m per Year
• Vehicle Asset Value of c.£1.5m
• Majority of Vehicles Under 24 Months Old
• Strong Profit Margins
• Long Established & Well Known Brand
• New Long Term Property Lease Available
• Excellent Trust Pilot & Google Reviews
• Yard, Workshop & Offices
• Long Established Member of the BVRLA
• Contact Us For Further Information

AGENTS NOTE

This is a business for sale as a going concern, not an empty premises for sale or let.

CONFIDENTIAL SALE

This listing is confidential at the vendors request. In order to release further information on the business – including the business name, location and the accounts, we require you to complete a short online non-disclosure form. Contact our office for further information, calling the number listed on the advert.

Please note – as this listing is confidential, we have used our office postcode for the location in order to list the business.

FURTHER INFORMATION

REFERENCE NUMBER

M35733E.

OPENING HOURS

8:00am to 5:30pm Monday. 8:30am to 5:30pm Tuesday to Friday. 8:30am to 11:30am Saturday.

TENURE

Leasehold. A new lease will be granted on terms to be agreed between the parties.

RENT PAYABLE

£30,000 per annum.

The Purchaser will be responsible for the landlords costs and fees in connection with the grant of a new lease.

RATES PAYABLE

£2,030 per annum which currently includes a 75% Retail Discount.

This information has been provided to us by the vendor and any interested party is advised to enquire of the local authority to check the position with regards to business rates that will apply to a new owner.

EPC

The Energy Performance Certificate for the property shows an ‘E’ rating and a score of 116.

PRICE

£750,000.

For the benefit of the goodwill, fixtures, fittings & equipment. Stock and Assets are payable in addition at valuation on completion currently estimated to be in the region of £1,500,000. This is a business for sale as a going concern by way of a share purchase of the existing Limited Company.

VIEWING

Strictly by appointment only, please call us to make an appointment.

FINANCE

We may be able to help you with business financing or your commercial mortgage needs, subject to eligibility. Please let us know if you need our assistance with this and we will put you in touch with our recommended whole of market broker.

BUSINESS TO SELL?

Thinking of selling your business? That's our business!

If you are interested in finding out how much your business is worth, we offer a free and confidential valuation service. You can choose the time and day that suits you best, and we will give you an honest and professional assessment. Please contact our office at your convenience to book an appointment.

PREMIER MARKETING

We are passionate about showcasing our businesses in a way that sets us apart from others. We provide quality property details and comprehensive information on all online platforms and our own website. If you want your business to stand out from the crowd, call us to book a free valuation.

1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.

2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.

3. Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.

4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.