Total of 18659 firms and businesses for sale today Sunday 5th May 2024
Sold. Motorhome Hire Company
LISTING DETAILS
Firms For Sale ID:
26538
Vendor reference:
AM145
Vendor website:
BUSINESS DETAILS
Location:
Primary sector:
Asking price:
£125,000
Turnover / revenue:
£216,000
Net profit / cashflow:
Undisclosed
Years established:
7
Trading hours:
Monday – Saturday: 0900-1800
Sunday: Closed
Number of employees:
5
OTHER DETAILS
Reason for selling:
This is a genuine retirement sale. The vendor believes the business would benefit from an additional injection of capital to maximise the opportunities at its disposal and improve future profitability still further.
Support and training:
The current owner would be happy to provide full training and support at handover and would be prepared to stay on for a further period if required subject to negotiation.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
Lease terms:
The premises are leasehold. Current lease is for 5 years with 3 years remaining. Rent is circa £20,500 p.a. Rates circa £12,000 p.a. with quarterly service charge circa £700.
BUSINESS DESCRIPTION
Motorhome Hire Company
Ref.AM145
Location North West
Asking Price £ 175,000
This established and reputable business was set up by the current owner over 7 years ago and provides a modern range of motorhomes for hire that are highly equipped and in impeccable condition. The company has one of the widest selection of vehicles for customers to choose from in the market be it a 2 berth motorhome right up to a 6 berth vehicle. The vendor made a conscious decision when starting this business only to provide customers with modern highly equipped vehicles in superb working order. This policy has paid off with the business enjoying very impressive referrals and repeat business levels bearing testimony to its service led offering.
The fleet currently comprises a significant motorhomes. None of the vehicles are more that 2 years old as the vendor replaces them every 2-2.5 seasons. The business sells on the older motorhomes and usually has several on order at any one timeAll motorhomes include a range of fabulous features and comfort levels that are all included within the standard hire tariff. This includes satellite tv, air conditioning, satellite navigation, wind out awnings etc etc. In addition to this the business has a whole host of other accessories (bbqs, bikes, ski racks etc) it can provide to ensure the complete holiday/hire experience to its customers.
The majority of business is with the general public with customers booking from both here in the UK and from all over the world for when visiting the UK. The company also does a small amount of work with business customers including TV production companies and the odd celebrity! Bookings are done via the internet, telephone or from visiting the business. All vehicles in the fleet are modern, clean and have low mileage.
Expansion Potential
The business has enjoyed good growth over the last few years in terms of turnover, customers, profits and fleet. The motorhome rental market is increasing year on year and is expected to continue growing in the short to medium term. This business has the market presence, reputation, knowledge and infrastructure to accommodate a significant increase in demand. The vendor has been careful to develop the business model over time and it is understood that the addition of further vehicles to the fleet would boost future profitability by circa £10-12,000 p.a per additional vehicle purchased.