Norwich, Norfolk

This confidential sale introduces an exceptional opportunity to acquire a highly reputable and established vehicle rental business. Known for reliable, high-quality service, this business has earned excellent customer reviews and boasts a steady annual turnover nearing £1,000,000. The company has become a trusted provider within the vehicle hire industry, offering an extensive fleet of modern vehicles and excellent customer support, making it ideal for both personal and commercial rentals. Positioned for growth, this vehicle rental company is primed to benefit from an incoming owner focused on expansion and continued success.

THE BUSINESS

This vehicle rental business has secured a significant market position by offering a comprehensive fleet, including cars, vans, minibuses, and specialty vehicles. Catering to both personal and business rentals, the company serves a loyal and diverse customer base with a commitment to reliability and quality. The majority of its fleet is under 24 months old, backed by recent investments of over £635,000, ensuring modern, safe, and well-maintained vehicles. With a fleet asset value of approximately £1.2 million, this vehicle hire business is financially robust and highly operational with the latest accounts revealing impressive financials.

As a long-standing member of the British Vehicle Rental and Leasing Association (BVRLA), the business adheres to strict industry standards, enhancing its credibility and trustworthiness in the market. Known for its efficient operations and high levels of customer satisfaction, the business benefits from repeat clients and word-of-mouth referrals. Supported by a team of three full-time and two part-time employees, the business is structured to maintain a high standard of service while ensuring smooth daily operations. Its efficient booking system and streamlined processes contribute to a positive customer experience and operational consistency.

PREMISES

Strategically located in a high-access area, the business operates from a well-appointed leasehold facility that includes a spacious yard, workshop, and office space. The premises are available with a new lease to be agreed with the vendor, offering security and continuity with a current annual rent of £30,000. Designed to optimise fleet management and customer service, the facility includes ample space for vehicle storage, maintenance, and administration, providing an efficient base for all business functions. The premises are ideal for a vehicle hire business, with all essential facilities to support ongoing growth and operations.

ADDITIONAL 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 vendor's 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. Please contact our office and we will provide full instructions and assist where required. We have used our office postcode for this listing to protect the confidentiality of the business name and location, as online platforms require a valid postcode to market a business or premises.

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 is to be agreed with the vendor.

The purchaser will be responsible for the landlords costs and fees in connection with the assignment of the lease.

RENT PAYABLE: £30,000 per annum.

RATES PAYABLE: £2,300 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.

STAFF: 3 full-time, 2 part-time staff at the time of instruction.

EPC: The Energy Performance Certificate shows a rating of '116/E' - full document available on request.

PRICE: £750,000.-- PLUS ASSETS AND STOCK.

For the benefit of the leasehold interest and the goodwill of the business. Stock and assets payable in addition on completion at valuation, estimated to be in the region of £1,200,000. This is a business for sale as a going concern by the way of a share purchase of the existing Limited Company.

VIEWING: Strictly by appointment only, please get in touch 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.

DISCLAIMER

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, flooring 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.