Wedding Services for sale in Cinderford

View the "Satin & Lace Wedding Cars" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

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John Peacock (Feb 2017)
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Leasehold Price: £149,995 Price Reduced Turnover: £42,000 Gross Profit: £26,000
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Business Description
Business
This exceptional wedding car business was started by the current owners in 2012 and has been a real labour of love for them. The business is now being sold, albeit reluctantly and with a heavy heart only due to ill health.

The business covers Monmouthshire, Herefordshire, Gloucestershire, Forest of Dean and the Wye Valley, Cheltenham Stroud, Cotswolds, Cirencester, Hay On Wye, Kington and Leominster and offers the possibility of expanding geographically perhaps even nationally.

The business specialises in the hiring of chauffeur driven cars for special occasions and they are highly experienced in all aspects of wedding car hire for Bride Groom, Bridesmaids and family and friends. Chauffeur driven cars are also provided for prom nights, race meets, anniversaries, sight seeing tours, executive hire, special occasions and corporate events.

The sale will include all future bookings some which are in 2019 and at the time of instruction was in the region of 100 cars booked!

The sale includes a recently upgraded website and the business has a great presence on social media.

Reasons to Buy
1. A well established business with an enviable reputation and many existing customers
2. Current owners happy to offer a handover to ensure the continued success
3. Everything included in sale making this a Turnkey business opportunity.
4. A full order book going into 2019
5. Accountant happy to meet with a potential purchaser to explain the financial strength of the business.
6. Sale will include an updated website and all social media platforms
7. Ideal owner managed or husband and wife business
8. Ideal bolt on to an existing wedding business.
9. Little or no competition locally
10. Business could be relocated if required by a new owner
11. Priced to facilitate a quick sale.

Location
Satin & Lace Wedding Cars is located in Cinderford in Gloucestershire

Cinderford is a small town on the eastern fringe of the Forest of Dean in Gloucestershire with a population of about 8500, it was originally founded to support the coal mining that was prevalent in the early 20th century.

Today Cinderford is home to a wide variety of industry including light and heavy industry. Cinderford is close to the A48 main road that links Gloucester and Chepstow and is served by regular buses to Coleford and Gloucester.

The business is situated in a modern purpose built industrial unit in an end terraced position, it is well signed and has free parking immediately outside

Premises
The business is housed in a modern end terrace warehouse on an industrial estate. It is well signed and includes 5 parking spaces immediately outside.

Car showroom
Immaculately presented and maintained, high ceiling with roller door to front, this is ideal storage for the cars that are included in the sale and comprise:

1. A cream coloured Beauford called Charlie.
2. A cream coloured Beauford called Edward.
3. A white coloured Beauford called Barnaby.
4. A Black and white Daimler called Lewis.
5. A cream coloured Daimler called Henry.
6. A cream coloured Daimler called Elliot.
7. A Cream coloured Daimler used for spares.

Included in the sale price is a comprehensive list of spare parts, items used during wedding, tools, cleaning machinery and the like which ensure the cars remain in the very finest condition this includes items such as: sheepskin rugs, chauffeur hats, ice buckets, reversing cameras, petrol cans, spare batteries, car jacks, car umbrellas, sack trucks, wooden steps, car covers, car washers, wedding ribbons etc

Store Room
There is generous sized store room with perimeter shelving and floor storage

Machine room
Window to front, perimeter shelving and floor storage space.

First floor
There is a generous sized showroom where clients can meet to plan their wedding car requirements, laminate flooring and door to;

Office
A generously sized office with roof lights, fluorescent lighting, carpet flooring, stainless steel sink and drainer with cupboard beneath, fridge and microwave, room for a number of desks and filing cabinets which are included in the sale.

Tenure
We are advised leasehold and lease is on a monthly rolling contract with a rent payable of £11,000 per annum. The leaseholder is the local council.

The business rates currently payable are approximately £3000 per annum.

Hours
The business currently runs

10.00am - 18.00pm Monday to Friday

Staff
The business is run and managed by the owner full time and her husband on a part time basis with casual staff as required.

Financial Profile
Satin & Lace Wedding Cars generates an advised current turnover of approximately £42,000.
The vendors advise assets of approximately £150,000.

Tenure: Leasehold

Listed by: Hilton Smythe

Find out more about this business opportunity.

 
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B04309
Seller Reference:
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