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Fri, Sep 20 2019 07:12:59 AM  |  /

Driving, Racing & Flying Simulator Hire Company

Business Id:000310     |    Reference: CN055
Price:
£100,000.00
Business Description

Driving, Racing & Flying Simulator 
Hire Company
Regarded as one of the best in the industry
Ref. CN055
Location : Hampshire
Asking price: £100,000 Inc. assets

This exciting and innovative driving simulator hire company posesses some of the most sophisticated and advance driving and flying simulators in the world, with a reputation in the industry for setting the standard for the consumer experience. While only trading in this form for a short time, the business quickly became a significant business and has grown a valuable database of corporate clients.

The business operates from the private home of the vendor and equipment is stored safely nearby. This arrangement has proven to be economically sensible and suitable for the vendor as he manages this business today very much in line with his own personal wishes and circumstances.

The hire service is used mainly by corporate clients for special events and has recently found a market with the Ministry of Transport for driver awareness training with particular reference to the equipment’s ability to realistically simulate “driver awareness” scenarios.

The business’ resources are stretched by demand and customers are frequently disappointed by unavailability due to a lack of capacity.

Key Strengths:

• Well known in the industry
• 8 x advanced simulators
• Profitable

The current owner is, in his own words “too busy” and there exists a real opportunity to add more equipment & people and simply accept more of the demand that is made by customers.

This could be augmented by the promotion of the service to a wider geography and other non corporate events.

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.

Forecast 2017 Net profit circa 60% (Before director’s drawings)
The Asking Price of £100,000 incl. equipment and vehicle, is for the assets and goodwill of the business (Calculated on a zero cash – zero debt basis).

The business does not engage in any advertising or promotions but does have an attractive and informative website.

35 WEC Walworth Business park.SP10 5AP

The business operates office hours from 9:00am until 5:00pm Monday to Friday or by special arrangement.

The business employs the vendor only.

The owners are happy to train and handover the business to the new owner.

The owner would like to sell this business on due to retirement.

If you are looking for finance to fund your business purchase then we recommend that you talk with our independent finance broker. Because of his many years working at a senior level for a major high street bank he has had more success with finance applications than anyone else we know. He has helped numerous purchasers of businesses that we are selling, including buyers who have been turned down by their own bank! Call us today on 0800 046 1652 or email us at finance@turnerbutler.co.uk

 

Business Information
Turnover:£350,000.00 Annually
Is this business relocatable: No
Business Sector: Motor & Transport businesses, Driving Schools, Equipment Hire, Training Centres
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