Financial Details
Asking price: £650,000
Sales revenue: £192,432
Net profit: Undisclosed
Fixtures value: Undisclosed
Stock value: Undisclosed


Business Description
Advent Business Sales is delighted to have been instructed to offer to the market this extremely well established and popular wedding car hire business.

Founded over 30 years ago by the present vendors, the business is only now being reluctantly offered to the market as they wish to retire.

The business offers its clients a large variety of vintage and classic cars from which to choose, the majority of which are Daimlers, Bentleys or Rolls-Royce.

All the cars are in excellent condition, fully maintained and serviced and carry their own personalised number plates.

The cars are used mainly for weddings, most booking are for 2 (colour matched) cars. The cars are occasionally used for TV and Film work, for Anniversaries and other special events such as school proms. A large proportion of bookings are as a result of recommendations.

The business has 25 chauffeurs on which they can call, who are all part time and only paid for the hours actually worked. They are all smartly dressed in full chauffeur’s uniform complete with peaked hat.

Clients initially make an appointment to view the cars and decide which ones they wish to book and check the availability. If free, a deposit of £50.00 per car is taken with the balance due three or four weeks before the event when all the routes and timings are also confirmed. On the day, the cars arrive 15 minutes before the planned departure time decorated with ribbons.

Included in the asking price are 30 classic/vintage cars together with their valuable cherished registration numbers. The cars are as follows:
• 4 x Rolls-Royce Silver Wraith
• 1 x Rolls-Royce Silver Shadow
• 1 Rolls-Royce Silver Spur
• 1 Rolls-Royce Silver Cloud
• 1 x Rolls-Royce Silver Dawn
• 3 x Rolls-Royce 20/25
• 14 x Daimler DS 420 limousine
• 1 x Daimler Majestic Major
• 1 x Bentley R type
• 1 x Bentley S11
• 1 x Bentley Freestone & Webb
• 1 x Morris Isis
Also included are a furher 10 cherished registration numbers (on retention), and a bespoke computer system which handles all quotations & bookings

All bookings are usually within an approx 25 mile radius of its garage in Hertfordshire. In the year to March 2009 net turnover was £192,432 with bookings of approx 300 cars in advance at any one time.

A business such as this together with such a fantastic collection of cars which actually appreciate in value the older they get rarely comes to the market.
REF: 9430AL
General Information
Trading hours:Circa 4 hours per day
Property:Leasehold
Lease terms:TENURE: Leasehold Original lease: 3 years Remaining lease: 2 years Review every: 3 years Rent: £25,000 We are advised that the annual business rates are currently: £TBC
Location:The business is very well located in an affluent area of Hertfordshire. It is ideally situated to take advantage of the densely populated areas of North London and the surrounding counties.

Access to the area is via the A1(M) which is a feeder road leading to the M25.
Premises Details:Large rectangular detached premises extending to approx 6000 sq ft.

Two entry barriers to get into the site which are also protected by CCTV cameras. The well lit building has a concrete base, storeroom, chauffeurs changing room and w/c.

A full height roller shutter door allows for ease of access. There is also additional space which could be used to erect an office.
Expansion potential:This is clearly a well run and successful business, with the right enthusiasm and commitment the current owners believe turnover could double from its present level. The business would be an ideal ‘bolt on’ for another operator in the same market sector.
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