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Businesses For Sale > Business For Sale in East Sussex, UNITED KINGDOM - UK (UK)

Bespoke Camper Trailer Company for sale in East Sussex, UK

East Sussex, UNITED KINGDOM - UK (UK)

Asking Price: Gross: Cash Flow:
£ 600,000 Undisclosed Undisclosed

Business Summary:
Ref No: GM018Asking Price: £600,000Location: East SussexBusiness highlights include:An outstanding opportunity to purchase a unique businessA vintage travel trailer business Outstanding Bespoke ModelsWell Established client baseHuge Expansion opportunitiesDemand exceeding supplySpecialist experienced and loyal team who will remain in placeExcellent sourcing network in US and UKFlexibility to run from current premises or to relocateWaiting list of clients looking for custom built trailers Hand crafted and restored beautifullyConsistent and increasing turnover circa £600,000 p.a.Adjusted EBITDA circa £196,000 p.a.Net assets including Cash at Bank circa £200,000Business ProfileWe are offering for sale a very well-established business originally founded in 2007 as a result of a passionate interest from the current owners. The businesses sources, imports and refurbishes Airstream and other American Vintage travel trailers from the1950’s to the early1970’s.To meet UK requirements there are numerous amendments and adjustments that are required to make the restoration and conversion to UK and European roads.Over the past twenty years the current owners have built a wealth of experience and network of contacts, employees and consultants to source and bring back to life the most amazing trailers. What started as a small business has now grown into a much larger concern and requires new ownership to develop the business further.Demand is consistently exceeding supply at present and there is a large waiting list.The customers can buy from existing stock or work with the team to develop a truly bespoke trailer.CustomersThe business has a large and loyal customer base ranging from all over the UK and Europe. The business sells parts and advises on servicing needs as well as restoration.EquipmentAll necessary equipment is in place to ensure the business can continue uninterrupted including computers, offices for management and machinery and tools. TechnologyAll necessary software and digital equipment are in place to continue to run the administrative and financial side of the business and a full inventory of equipment is available to all genuinely interested parties.Key StrengthsWith many years of experience in the business, the owners take pride in the reputation it has established gaining plenty of referral work by word of mouth.The business is unique and has created a huge following on social media and specialist collectors.The business has been set up and managed in such a way to require less and less day-to-day operational input from any new owners.Growth and ExpansionThe current business offers considerable opportunities for further expansion with the current owner introducing networks of contacts and specialist buyers to the new owners. Further specialist staff could be employed and trained by the existing team.AdvertisingThe business has been built on a word of mouth and has an existing loyal client base. There is further opportunity to develop the website and social media presence with digital marketing.referrals and recommendations. There has been little need for this at present as demand has exceeded the businesses’ ability to supply without further expansion at a point when the current owner would like to retire.StaffThere are 4 full time staff including: Current directorPolisher and floor replacing specialistFloors, gutting out and patching up specialistCarpenter and fitter outIn addition to the employed staff there are approximately 7 self-employed staff that work flexibly as and when required including:WelderCarpenter12 Volt ElectricianElectricianTowing and Delivery Service paid by mileageAxle Conversion companyBusiness HoursMonday to Friday: 9:00am – 5:00pm but flexible depending on business needs.PremisesThe business currently operates from a 4,000 square foot barn on a farm with a flexible arrangement. The business pays £900 per month inclusive of rates and electricity. This could be extended and formalised or the business could be moved to another location although the local staff would need to be considered.Financial InformationThe 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.The business has achieved a history of excellent turnover and profits consistently over 20 years.Turnover circa £600,000 p.a. Adjusted EBITDA circa £196,000 p.a.The asking price of £600,000, which includes net assets of c£200,000, is for 100% of the issued share capital of the company (calculated on a zero cash-zero debt basis). A complete asset list is available. There will be a £ for £ adjustment to the final sale price to reflect any movement at completion away from the stated net asset figure.The turnover in the first three months of the current financial year are strong with excellent profit margins. There is a significant pipeline of business for the remainder of the year.Reason for SaleThis is a retirement sale.Support, training, and handoverThe existing directors and shareholders will provide full support and training to anypurchaser.The owner is willing to stay on for a period of 6 months and source a further 10 airstreams from the USA.All the current employees have been offered incentive packages to stay on for a minimum of 12 months to ensure a smooth and orderly handover to new owners.

 

   
Year Business was Established: 2007
   
Number of Employees: 4  
   
Potential Growth/Expansion: The current business offers considerable opportunities for further expansion with the current owner introducing networks of contacts and specialist buyers to the new owners. Further specialist staff could be employed and trained by the existing team.  
   
Owner willing to train: The existing directors and shareholders will provide full support and training to any purchaser. The owner is willing to stay on for a period of 6 months and source a further 10 airstreams from the USA. All the current employees have been offered incent  
   
Reason for selling: This is a retirement sale  
   
Seller Reference Number: GM018
BusinessMart.com Listing Number: 273597
 

 

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For more info contact:

Andrew Hudson

Turner Butler
01895 25 6000

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