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Finance And Services:

Business For Sale. Outdoor Events Business Specialising In Motor/classic Car Arena

LISTING DETAILS
Firms For Sale ID:
34951
Vendor reference:
CO179
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
£125,000  
Turnover / revenue:
£250,000
Net profit / cashflow:
Undisclosed
Trading hours:
As required.
Employees / staffing:
Three family members work in the business on a part time basis. The business is very seasonal the summer months are when the events tend to take place leaving the winter for them to pursue their other past times. As already mentioned the back office system enables the partners to work remotely as and when required. The business also has a pool of part time workers it calls upon for marshalling, show builds etc.

OTHER DETAILS
Reason for selling:
Planning retirement
Support and training:
The owners are happy to assist with a very comprehensive handover and training to ensure a smooth transition of the business to its new owners.
Business is relocatable:
Yes
Business is web-based:
No
Business is home-based:
Yes
PROPERTY DETAILS
Lease terms:
The company invested in its own back office systems in 2016 that has enabled it to become a remote/ home based business- as such there are no such premises associated with the sale.
 
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BUSINESS DESCRIPTION
Outdoor Events Business
Specialising in motor/classic car arena
Ref. CO179
Location : Relocatable/Nationwide
Asking Price : OIRO GBP 125,000
Turner Butler are delighted to bring to market this well established and reputable outdoor events business that specialises and operates within the very popular classic motor car arena. This family run business has been carefully built up and developed over the last few years and currently manages a portfolio of some 10 events/shows a year, the majority of which are very well established events that have been running for many years and attract large footfall year in year out. These shows cover a large part of the UK.
The vendors have worked hard over the last few years to build a business that delivers on all fronts yet is easy to manage. Whether you are participating in a rally, showing your vehicle or attending as a spectator this events business ensures guests/customers enjoy the finest locations and promotions in which to participate in their passion.
Income is derived from a variety of different venue contracts as well as from pre booked exhibitors, food tenders and trade sales. The business revenues are 50/50 based on income direct from the venue and cash gate sales.
The business attracts sponsorship from classic car insurers with other opportunities for sponsorship ripe for development as the business has established itself as one of the most professional and forward thinking within its sector in the small to medium operators in this field.
The owners have had the foresight to put the necessary investment in place in terms of infrastructure to fuel its growth over the last few years whilst maintaining a very pleasant work/life balance. Investment has been made in a purpose built booking system and this is now ready to be developed further as the owners have started to increase the show content and look to establish advance ticket sales. This back office system also enables the vendors to manage the business remotely with no need for a fixed office address. As such, even though the business can demonstrate strong growth in terms of sales and profitability year on year it is currently being run as a lifestyle operation between 3 family members all working part time in the summer months and leaving winter months free to take time off overseas!
This operation could suit an organisation whom is looking to extend their existing portfolio of events or established companies already working in the outdoor events arena such as marquee hire companies, food vendors, catering supplies, corporate hospitality etc.

Market / Competition / Non-Competition Agreements
As well as having its own website the company advertises using local press, enthusiast publications and social media. The business is currently using the services of a professional
PR consultant at a cost of approx. GBP 3,000 per annum which could be managed by any new owner thus contributing to the profitability of the business if so wished?

An A5 leaflet is produced each year to launch the show calendar and is distributed at shows and via clubs as well as a postal mailing in January

In addition to this the company benefits from exceptional levels of referrals and repeat business.