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Listed
03/11/22
Status
For Sale
Tenure
Leasehold
West Midlands

Details

VW ROOF CONVERSIONS in West Midlands for Sale. An excellent opportunity to acquire a substantial cash generative business with huge scope to further increase revenue. A family owned business that specialises in the conversion of VW roofs using custom mouldings and other materials sourced high quality suppliers and are ISO 9001 Certified and have M1 Status Certification. Conversations are carried out on the premises to mainly VW enthusiast which accounts for circa 25% of revenue with the larger remainder being supplied to vehicle converters and dealers. They are currently focused on the domestic market we understand there is strong demand to export overseas which will give a new owner the opportunity to further grow the business. Started on a small scale by our clients in the early 2000’s and steadily grew to a larger concern. Since the mid 2010’s growth has been rapid, almost 100% year on year. Trading performance was very strong during the pandemic has normalised since then. Projected turnover is currently £4.2m with an EBITDA in excess of £1m. Further financial information will be available to seriously interested parties. The day to day operation is ran by staff with minor involvement from our clients, the specialist workforce is longstanding with very little turnover in personnel. Situated in circa 15,000 sq ft warehouse premises on a business park, currently on rolling terms and we understand the landlord is keen to secure a new lease, this however gives a new owner the opportunity to relocate if necessary.

Motor Miscellaneous

ID:

588612

Price

£3,500,000

Call 0113 238 2900 to request a viewing

our team

We’re proud to employ more than 350 talented individuals working across a multitude of disciplines.

OFFICE LOCATOR

Eddisons is rapidly growing; emphasised by our nationwide office network which is now 25-strong.

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