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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

Turnover : £350,000

Net Profit : Undeclared

Gross Profit : Undeclared

EBITDA : Undeclared

Net Asset : £110,000

Premises : Not Included

Confidentially offered for sale


  • Turner Butler

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Business highlights includes:

Forecast 2017 Turnover circa £350,000
Forecast 2017 Net profit circa 60% (Before director’s drawings)
Vehicle & Equipment Assets Value circa £110,000

Trading successfully since 2013
Very well established
Repeat custom
Outstanding simulator experience
Training and handover
Goodwill

Business Profile

If anyone has ever wondered what it would be like to drive a Formula 1 racing car, now they can. This business offers customers the opportunity to experience the world’s most advanced simulators; the dream really has become reality. For any person who would like to experience the adrenalin rush of braking sharply to take the next bend before accelerating to 200mph past the grandstand on the home straight of one of the world’s most famous race tracks and feel the powerful force of 2G’s dynamic motion, then this is for them.

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.

Since the start of trading the business found itself to be popular and sometimes struggles in meeting demand. It is believed by the vendor that the business could double its income and profits by simply adding to the number of units for hire; something they believe strongly should be an opportunity taken up by a new owner.

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 business is based in Hampshire, close to main trunk roads and Motorways, providing easy access to the wider parts of the UK.

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.

Such services, if offered more proactively, could yield much future growth and opportunity for a new owner, along with the more easily developed increases in trade by the introduction of more simulator availability.

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

There are up to 8 x simulators in total and 1 x large vehicle for transport and delivery for installation on site.

Key Strengths:

• Technical superiority of the simulator equipment
• Well known in the industry
• Well established
• 8 x advanced simulators
• Reputation for reliability and value for money
• Profitable

Key Opportunities:

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.

Untapped opportunity exists in offering further uses such as driver training & education in schools and colleges as well as the growing popularity for virtual reality.

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

Financial Information:

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 Turnover circa £350,000
Forecast 2017 Net profit circa 60% (Before director’s drawings)
Vehicle & Equipment Assets Value circa £110,000

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).

Advertising and Marketing:

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

Premises:

35 WEC Walworth Business park.SP10 5AP

Business Hours:

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

Employees:

The business employs the vendor only.

Support and Training

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

Reason For Sale

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

Looking for finance ?

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

Turner Butler Disclosure Statement

This statement applies to information relating to any company or other undertaking or business advertised for sale by Turner Butler (a 'Business')

The information supplied by Turner Butler on its website or in any other promotional material ('the Information') is not and is not intended to constitute an offer for sale of the Business or any assets of the Business or of the shares of any company which owns the Business.

For the avoidance of doubt there is no intention to create a legal relationship which will only come into existence when a written contract for sale and purchase of the shares in or the Business has been entered into

The Information provided is not intended to address your particular requirements. Further the Information does not constitute any form of advice recommendation representation endorsement or arrangement by Turner Butler and is not intended to be relied upon in making (or refraining from making) any specific decisions.

Any agreements transactions or other arrangements made between you and any client of Turner Butler are at your sole risk and responsibility. The prospective sellers of the Business have provided the Information to Turner Butler. The Information has not been verified by Turner Butler.

You must carry out your own due diligence and satisfy yourself as to the accuracy of all matters. In the case of the sale of shares in a Business the Information has been prepared on the basis that the shares will consist of or include more than 50% of the voting shares and that both the seller and the buyer is either a body corporate, a partnership, a single individual or a group of connected individuals so as to fall outside the scope of regulated activities as defined by the Financial Services and Markets Act 2000. If you are considering a transaction which falls within the scope of such regulated activities you cannot do so through Turner Butler.

Appropriate professional, legal and accountancy advice should be obtained before making or refraining to make any decision.

Turner Butler does not accept any responsibility or liability for loss or damage of any nature that may occur by reliance on the Information. Neither Turner Butler nor any of our employees or agents makes any representation as to the completeness or accuracy of the Information nor do we accept any liability for any losses, costs, liabilities or expenses which may arise directly or indirectly from your use of, or reliance on the Information.

This document is governed by and shall be construed in accordance with English Law and any dispute arising in connection with it shall be subject to the non-exclusive jurisdiction of the English courts

Turner Butler
Ickenham House, 2-4 High Road, Ickenham, Middlesex, UB10 8LJ
Telephone 01895 25 6000 Facsimile 01895 678532
info@turnerbutler.co.uk
www.turnerbutler.co.uk