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Well known British Sports Car Manufacturer with Service, Restoration & Original Parts Supply
A British brand and Le Mans entrant

Ref. GN014

Location : Wiltshire

Asking Price : O.I.R.O. £500,000

Turnover : £260,000

Net Profit : Undeclared

Gross Profit : £127,000

EBITDA : £100,000

Net Asset : Undeclared

Premises : Leasehold

Confidentially offered for sale


  • Turner Butler

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Asking price includes:

Year End 2018 Turnover circa £260,000
Year End 2018 Gross Profit circa £127,000
Year End 2018 EBITDA circa £100,000 (Before Drawings)

Established and well-known Brand with many loyal customers
Many High Net Worth customers
Well-run business operations that can be re-located
Strong relations with numerous international customers
Internationally renowned and highly regarded
Ready for investment and development
Goodwill

Business Profile

This enduring business and automotive brand name was founded in the early 1960’s as a low volume motor car manufacturer and has had a typically British history, including changing company ownership, racing success, brand re-launches and popularity among enthusiastic niche buyers around the world; it is now part of the UK’s sports car heritage.

After many attempts to invest in new models and new brand awareness by new owners, the current version of the company was established by the vendor in 1999 to supply authentic parts to the community of owners around the world and to provide restoration and repair services for the brand.

Later, the vendor acquired all moulds, jigs and drawings for the brand and intellectual property with the exception of the company’s registered trademark, which is understood to be due for renewal in 2022. There is currently no other brand or promotional activity seen to be engaged upon by other entities and a new model under the brand has not been launched since 2010.

This opportunity includes an exclusive right for the manufacture & supply of authentic parts and spares, or indeed the production of whole vehicles. The company owns every drawing for every car produced, promotional imagery, moulds and jigs; the site also has full service and repair facilities; a paint facility is available off-site on an as-and-when basis. Original vehicles are often sought, restored and sold from the premises, in as-new condition.

As well as this sports car marque specialism, the company by virtue of a commonality of engine use in the Rover V8, supplies new parts, spares and provides service and repair services for Land Rover cars. These two areas of business are well integrated in the one company.

After many years of ambitious imaginings, magazine articles, TV appearances and speculation about the future, the business and brand has benefitted from the vendor’s down to earth and methodological approach to the fundamentals of the business and a concentration on meeting the current demand from customers and owners seeking expert servicing, parts, repair or restoration and the business is now on a firm financial footing; profitable, with a positive financial outlook for the company, a future that is limited only by a new owner’s desire to grow the brand.

The business benefits from its direct and historical relationship with such a well developed brand, which is a great asset but is nevertheless not performing at its maximum potential. All operations are streamlined with low overheads.

Equipment:

The business is equipped with a full portfolio of tools, equipment and jigs necessary for a modern automotive service & repair centre, along with a significant stock holding of spares and new parts.

Customer Service:

Whilst competing in the market with some major brands in automotive, the company has carved out and developed a niche with loyal customers. This is not only due to the highly individual nature and heritage of the brand but also competitive pricing and a focus on providing authentic products that are used in any customer project, along with friendly, knowledgeable and professional service at all times.

Key Strengths:

• Brand – Well known British automotive brand name
• Reputation – Responsible for sales in UK and USA
• Exclusivity – Exclusive rights for parts manufacture & supply
• Equipment – Original moulds & jigs
• Service – Always highest quality
• Intellectual Property Rights

Critically the brand is responsible for maintaining goodwill, driving referrals, repeat custom and other sales.

Financial Information:

The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.

Year End 2018 Turnover circa £260,000
Year End 2018 Gross Profit circa £127,000
Year End 2018 EBITDA circa £100,000 (Before Drawings)
Stock levels currently circa £40,000

Advertising and Marketing:

The business does not advertise but does have an informative website which details the current services provided, brand history and customer stories.

Growth and Expansion Opportunities:

The business operates very much within the scope of the vendor’s self-imposed limits and could grow rapidly by expanding the brand by means of a determined investment in marketing, advertising, sponsorship and typical brand building techniques.

With this commitment it would then be possible to extend the range of branded products and include merchandising opportunities and product development.

Premises:

The business operates from secure office and workshop premises on a discrete, rural location, in a building, of circa 3,000 square feet to include: office area, workshop, mezzanine, storage and kitchen & toilet facilities.

The premises benefit from a comprehensive security system with alarm and CCTV cameras protecting people, premises and goods.

The premises are currently leasehold with an informal arrangement regarding duration and rent reviews. Annual rent and rates are circa £13,000 per annum.

Business Hours:

Monday, Tuesday, Thursday Friday: 08:30 am - 5:30 pm
Saturday: Closed
Sunday: Closed

Employees:

The vendor is responsible for all day-today management, operations and business administration and also employs:

2x Full-time engineers
1x Part-time book keeper

Support and Training:

The owner is happy to provide training for an agreed handover period.

Reason for Sale:

The vendor has decided to retire and that it is in the best interests of the Brand to sell the business to a new owner who has the resources and ability to take it through its next logical growth stage.

Turner Butler Disclosure Statement

This statement applies to information relating to any company or other undertaking or business advertised for sale by Turner Butler (a 'Business')

The information supplied by Turner Butler on its website or in any other promotional material ('the Information') is not and is not intended to constitute an offer for sale of the Business or any assets of the Business or of the shares of any company which owns the Business.

For the avoidance of doubt there is no intention to create a legal relationship which will only come into existence when a written contract for sale and purchase of the shares in or the Business has been entered into

The Information provided is not intended to address your particular requirements. Further the Information does not constitute any form of advice recommendation representation endorsement or arrangement by Turner Butler and is not intended to be relied upon in making (or refraining from making) any specific decisions.

Any agreements transactions or other arrangements made between you and any client of Turner Butler are at your sole risk and responsibility. The prospective sellers of the Business have provided the Information to Turner Butler. The Information has not been verified by Turner Butler.

You must carry out your own due diligence and satisfy yourself as to the accuracy of all matters. In the case of the sale of shares in a Business the Information has been prepared on the basis that the shares will consist of or include more than 50% of the voting shares and that both the seller and the buyer is either a body corporate, a partnership, a single individual or a group of connected individuals so as to fall outside the scope of regulated activities as defined by the Financial Services and Markets Act 2000. If you are considering a transaction which falls within the scope of such regulated activities you cannot do so through Turner Butler.

Appropriate professional, legal and accountancy advice should be obtained before making or refraining to make any decision.

Turner Butler does not accept any responsibility or liability for loss or damage of any nature that may occur by reliance on the Information. Neither Turner Butler nor any of our employees or agents makes any representation as to the completeness or accuracy of the Information nor do we accept any liability for any losses, costs, liabilities or expenses which may arise directly or indirectly from your use of, or reliance on the Information.

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Turner Butler
Ickenham House, 2-4 High Road, Ickenham, Middlesex, UB10 8LJ
Telephone 01895 25 6000 Facsimile 01895 678532
info@turnerbutler.co.uk
www.turnerbutler.co.uk