Property Descriptions

Single Marque Specialist – Classic Car Restoration Company & Special Edition Brand Exclusively restoring customer cars and offering a very limited special edition, of one of the world’s most famous sports cars, under its own brand. Two businesses offered as a single business. Location: Buckinghamshire/Berkshire Asking price: £720,000 + net assets Business highlights include: Restoration Special Edition TURNOVER: c£326,000 (2024 accounts) TURNOVER: c£633,000 GROSS PROFIT: c£257,000 GROSS PROFIT: c£187,000 EBITDA: c£103,000 (Before drawings) EBITDA: c£174,000 (Before drawings) NET ASSETS: c£96,000 NET ASSETS: c£450,000 Key Considerations • Highly reputable company based in Northern Home Counties • Long term relationships with National & International clients • Widely known for prompt and caring customer service • Highly skilled, experienced and well-trained staff • Quality and immediacy of communications • High levels of customer satisfaction and loyalty • Excellent springboard for future growth including new models Business Profile The opportunity exists to acquire by way of a share purchase all of the issued capital in two separate businesses that operate as a single business, where one part is a specialist restorer of a single automotive model that is considered one of the finest in the world and the second part offers completely rebuilt special edition vehicles to extremely high specifications on a reserved basis (“the Business”). Restoration This first part of the business has been operating within the classic car restoration market for over 10 years and has experience with most types of classic vehicle but reserves a singular passion for this one model. Around the world this famous model is a favourite classic car and undertakes everything for a customer’s car from a full bare metal restoration, through to body repairs, resprays, servicing, electrical and mechanical diagnostics, detailing & finishing. From enhancing the paintwork of a newer classic in the business’ paint booth, to undertaking a comprehensive rebuild of a complete vehicle, in-house expertise as classic car restoration specialists has every project covered, utilising heritage techniques and modern methods every aspect of work done honours the original engineers’ legacy. Special Editions This is especially evident in the second part of operations where the quality & detail of the business’ own special edition vehicles include levels of specification, detailing and refinement that represents the finest of its kind anywhere to be found. At their fully equipped and spotlessly clean workshop, craftspeople treat each edition as a masterpiece, ensuring every vehicle realises its fullest potential as a newly restored and usable classic car. The premises is discretely located and very well equipped with all tools and equipment necessary for the execution of such valuable operations. It is composed of a workshop, storage area, display area for the business’ own special edition and comfortable office. The team's skill set includes but is not limited to: - coach building - bodywork reconstruction - TIG and MIG welding - aluminium and steel panel beating - fabrication of discontinued panels - chassis manufacture - fuel tank manufacture - punching louvers - lead loading - full and partial resprays - colour matching - mechanical engineering - engine rebuilds - race preparation - trim and upholstery The Business is a trusted and much relied upon company and is considered a leader in the region. It has built its name on superior customer service, highly skilled staff, top quality delivery, and unwavering reliability, and all with little marketing or direct sales. The Business is well established, prudently managed and with an enviable client & customer list. It is extremely well placed to benefit from new owners who wish to build on this credibility and expand the Business’ activities both geographically and in the scope of services that might or could include other marques. The Business has shown itself to be robust during some trying economic times and is well placed to take advantage of its reputation for products & service combined with increasing levels of demand. Key Opportunities: This is an outstanding opportunity to build on the existing products, services and customer base of this leading company. With a strong demand and profitability, combined with a capacity to increase turnover, a new owner contributing fresh ideas, investment and energy levels will have every advantage of building on an excellent platform to take this business to its next level. The business maintains many satisfied customers, who appreciate the company's superior products and skill sets, attention to detail, value for money and service. Employees The Business employs: 4x Restorers Premises The Business operates from discretely located modern premises of circa 3,200 square feet on one level with workshop, paint booth, display and office facilities located near the M4 and M40 Motorways and so offers easy access to all of the UK’s main centres. Reason for Sale The current owner feels the time is right for a new owner with the resources to take full advantage of the opportunity. The current owner would be more than happy to be available in a consultative capacity post completion, if desired. Financial Information: Restoration Special Edition TURNOVER: c£326,000 (2024 accounts) TURNOVER: c£633,000 GROSS PROFIT: c£257,000 GROSS PROFIT: c£187,000 EBITDA: c£103,000 (Before drawings) EBITDA: c£174,000 (Before drawings) NET ASSETS: c£96,000 NET ASSETS: c£450,000 The asking price is predicated on there being no cash and no debt at completion. 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. Asking Price The Vendors are seeking offers for 100% of the issued capital of the business in the region of £720,000 assuming net assets of £450,000 on completion. There will be a £ for £ adjustment to the final sale price to reflect any movement away from the £450,000 net asset position.