Lakey & Co
South West
Lakey & Co Established 1983

BUSINESS FOR SALE

REF NO: E110SW PRICE: £70,000 to include all stock


INTERNET-BASED MAIL-ORDER

SALES OF OUTBOARD MOTOR PARTS

FOR RELOCATION


LOCATION
At present based in North Cornwall, this business is available for relocation. Since customers come from all over the country the exact location is of less importance than accessibility. New owners will need a workshop and a storage area for the very large stock of spare parts.

DESCRIPTION

This marine engineering business specialises in outboard motors and is well-known in the boating world as the place to obtain spare parts not easily available elsewhere. The  formation of an Internet based eBay shop has opened up the business to a wider market, and is increasing trade significantly, with a regular listing of over 1100 items available, and a high profile on the eBay search engine.

At present, the work is carried out in a well-fitted and fully equipped workshop of approx. 400sq ft., where engines are serviced, repaired, reconditioned or dismantled. New, used and reconditioned spare parts are sent by mail order to customers all over the country, and also abroad, with larger items taking advantage of the best courier deals available.

There is an extensive stock of new spare parts and accessories, with the business being a main dealer for Selva, Seagull, and Tohatsu.

The enormous stock of parts is sorted and housed alongside the premises in two large containers (actually lorry bodies) and in the connecting lean-to storage areas. These containers can be moved, and are to be included in the sale if required, at no extra cost. The owner is willing to offer relevant training to an interested buyer to facilitate the handover and removal of stock.

THE BUSINESS
The present owner, who established the business over 25 years ago, now spends only about half his time on it because of other (non-competing) interests. We are informed that when the business was being run full-time and included the sale of new engines and equipment, the turnover was approaching £100,000.

EQUIPMENT
All workshop equipment is to be included in the sale. It includes grinders, Mig and Arc welders, hoist, jacks and stands, parts washer, outboard racks, power and hand tools. These include specialist tools for OMC, Merc/Mariner, Selva and Seagull. A more comprehensive list will form part of the contract of sale.

STOCK
The owner informs us that the value of stock listed online (February 2009) is £60,000 to £70,00.  However, all stock both new and used, listed and unlisted, is included in the sale price.

PRICE
£70,000 TO INCLUDE GOODWILL AND EQUIPMENT AND ALL STOCK

VIEWING
Strictly by appointment only through Lakey & Co.

FINANCE
For further information on the options for loan finance please contact Lakey & Co.


AGENTS COMMENTS
An opportunity to take on a well-known specialist business with a good national - and international - reputation. Its Internet presence means that although suitable light industrial units are often available close to the present location, there is little restriction on where the business is relocated. With much further potential, this opportunity will be suitable for those with an interest in engineering or outboard motors, who would like to run their own business and take advantage of the ever-expanding Internet marketplace.

 

 

 

NOTE:
All purchase prices are plus stock at valuation if appropriate.
Key to abbreviations L/U is Lock Up, F/H Freehold, L/H Leasehold. O.n.p. is operating net profit, i.e. profit with expenses (common to any operator) paid but before depreciation (a non cash item) or drawings.