Financial Details
Asking price: £145,000
Sales revenue: £191,636
Net profit: Undisclosed
Fixtures value: Undisclosed
Stock value: Undisclosed

  • Photograph of this business for sale
  • Photograph of this business for sale
  • Photograph of this business for sale

Business Description
HISTORY

• Founded by vendor some twenty five years ago on the back of considerable personal success in the motor racing world
• Range of products and services expanded considerably over the past two decades
• Now a “one stop shop” for motor racing requirements
• Turnover has exceeded £1m in the past
• Currently run at a pace to suit lifestyle of vendor who would be happy to continue involvement in the business if required
• A very well known name in the industry

PRODUCTS

• Manufacture of in house designed race cars for race days, track days and hill climbs
• Range of three racing cars, all competition compliant, and built to customers’ specifications
• Full range of tyres, consumables, accessories and spares sold
• Runs own championship in Ireland with twenty cars
• Pre owned vehicle sales


SERVICES

• Full racing support service to customer requirements
• Technical support at events
• Pre event preparation and post event servicing
• Transport
• Race car hire for track days and event days
• Insurances

CUSTOMERS

• Mainly wealthy individuals and enthusiasts
• Based throughout the UK with some overseas customers

SUPPLIERS

• Many components fabricated in house
• Other products sourced from within the industry

STAFF

• Vendor assisted by his wife
• One full time staff member
• Many contacts within the motor racing world

STRENGTHS

• Well known and prestigious name in the industry
• Discerning repeat customer base
• Excellent racing car designs with true racing pedigree
• Extensive contacts within the industry
• Irish championship
• Superb location in the UK close to London and within easy reach of other players in the motor sport arena
• Website
General Information
Employees:3
Trading hours:Workshop: • Mon to Fri: 9am to 5pm Race events and support: • As and when required
Relocatable: This business can be relocated.
Property:Leasehold
Location:• Trading from workshop and garage premises in Essex
• Rural location with ample parking and storage
• Superb facility for racing car design, development and preparation
• Ideal location given the UK’s pre eminence in the motor racing arena
Premises Details:• A large workshop facility in a rural setting with ample space for parking and storage
• Two offices
• Workshop
• Fabrication facility to rear
• 1999 Iveco sign-written lorry for vehicle transport
• 2005 Nissan sign-written medium Navara pick up
• Trailer
• Large quantity of equipment and tooling (some specialist) including welders, saws, lathes and hand tools
Competition / Market:• Excellent opportunity to acquire and develop UK race car manufacturer • Business development activity very limited at present • Opportunity for introduction of additional vehicles for different competition classes • Corporate days and sponsorship • Potential for foreign company to acquire foothold in the UK market • Consultancy and PR with existing owner • Focus on margins given high net worth of many customers within the market place
Reasons for selling:Semi retirement
Related documents:PDF document iconDocument

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