AM141-Broker of Ex-Formula 1 Cars and Parts for sale

Broker of Ex-Formula 1 Cars and Parts Ref.AM141 Location Fully Relocatable Asking Price £ 249,950 Confidentially offered for sale

Asking price includes: Turnover circa £500,000 per annum Gross Profit circa £250,000 Net Profit circa £220,000 Stock valued circa £500,000 Optimised Website Ongoing buyback opportunities Well known and established business

Business profile:

Established in 1989, this business specialises in the marketing and sales of Ex Formula 1 and Formula 3000 vehicles. A single Formula 1 car will be advertised for anything up to £399,000.A list of clients including film companies, business owners, entrepreneurs, executives and bankers from around the world have become a lucrative network and have been the bedrock of the business for the last twenty years. The business has developed long lasting relationships with several Formula 1 teams over the years and they are happy to release their stock of vehicles to the business. It is worth noting that a large percentage of Formula 1 vehicles are actually destroyed by the manufacturers to protect the technology. From time to time over the years, the business has negotiated to buy several vehicles and parts simultaneously from a race team and these deals have proven to be particularly profitable. Many deals are negotiated on a sale or return basis. A number of vehicles have been ‘bought back’ by the business from past clients and again this has delivered healthy margins. Click here to view complete information of this business