Asking price: £230,000

Sales revenue: £650,000

Net profit: Undisclosed

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
The business was established by its present director in 2004 as a service center for a specialist sports car marque. The existing depth of experience of its key personnel gave the company a strong start and it now boasts a database of circa two hundred and fifty clients, insurance companies and aficionados.

Shortly after it was formed the company acquired a substantial stock of parts, moulds and body jigs from the manufacturer. This stock came with the appropriate license’s to manufacture further parts and panels as required for a complete range of vehicles no longer in production. These parts are sold on a bespoke website specifically designed and built for the purpose.

Years established: 2004

Employees: Two directors One parts manager One foreman Five time served engineers One secretary

Property: Leasehold

Lease terms
The lease has a further two years to run and is charged at an annual rent of £29,000

Location
The well-presented and modern premises are located on a small and well-maintained business park within easy reach of the motorway. They consist of two adjacent commercial units with a total area of circa 5,500sq ft. Equipment includes one scissor ramp, four, twp poster ramps, MOT Bay for class four licences, mezzanine for parts storage, a staff canteen and toilets. The lease has a further two years to run and is charged at an annual rent of £29,000

Expansion potential
The business has the ability to manufacture complete cars subject to small physical changes to circumvent legal issues of copyright and patent. Increased margins Small batch manufacture of parts Increased marketing Motorsport activity and preparation

Competition / Market
The business has a comprehensive website on which its entire stock is advertised. It has a shopping cart facility and There is some limited advertising activity in the club magazine, Classic Car magazine and on a selected website.

Support & training
It is anticipated that the key personnel will remain with the company making a handover both comprehensive and easy to achieve. Should the buyer want the director to stay with the business for a short period this can be negotiated as part of the sales process

Reasons for selling
Having built the business up to its present strong market position the managing director has taken the decision to emigrate with his young family.