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Author businesses for sale - :- myhneer
BeArDy
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Registered: 7th Aug 00
Location: Manchester
User status: Offline
3rd May 04 at 17:52   View User's Profile U2U Member Reply With Quote
http://www.businessesforsale.com/advert194258.aspx

i had heard a few little thing from the fast car boys when talking to, about them going under

anyone know for sure its then?
where are they based?
Mattb
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Registered: 2nd Feb 03
Location: Under your sisters bed
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3rd May 04 at 17:53   View User's Profile U2U Member Reply With Quote
not surprised, if they are goin under tbh, hideous kits at a silly price
Mattb
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Registered: 2nd Feb 03
Location: Under your sisters bed
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3rd May 04 at 17:55   View User's Profile U2U Member Reply With Quote
£295k oh dear
Colin
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Registered: 4th Apr 02
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3rd May 04 at 17:57   View User's Profile U2U Member Reply With Quote
There kits are gash - no suprise really
Dom
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Registered: 13th Sep 03
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3rd May 04 at 18:03   View User's Profile U2U Member Reply With Quote
personally i think their kits are alright, and there brilliant for shows cars, which is what the company is designed for.
However, if the right person brought it they could turn it around...maybe offer better kits for cars, maybe head into average joe market instead of show cars etc.

You could also setup another side to it, offering engine enhancments....so a garage to do conversions etc etc

Although, i dont know how they can sell it at 300k, when their yearly profit is only 200k-ish, not a very good feature to advertise
ed
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Registered: 10th Sep 03
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3rd May 04 at 18:04   View User's Profile U2U Member Reply With Quote
They have got very a large premesis though... That could account for some of the cost...
Jambo
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Registered: 8th Sep 01
Location: Maidenhead, Drives: VXR Arctic
User status: Offline
3rd May 04 at 18:05   View User's Profile U2U Member Reply With Quote
When you make a volvo your company demonstrater and paint it gold, Your in toruble

As above hideios kits. Stupid price.
Mattb
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Registered: 2nd Feb 03
Location: Under your sisters bed
User status: Offline
3rd May 04 at 18:07   View User's Profile U2U Member Reply With Quote
quote:
Originally posted by 1800ed
They have got very a large premesis though... That could account for some of the cost...


its rented mate £15.5k a year

[Edited on 03-05-2004 by Mattb]
Dom
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Registered: 13th Sep 03
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3rd May 04 at 18:07   View User's Profile U2U Member Reply With Quote
quote:
Originally posted by Jambo
When you make a volvo your company demonstrater and paint it gold, Your in toruble

As above hideios kits. Stupid price.

aye, although the new owner could easierly change that

I have to admit though, the new owner will need to inject a fair bit of cash into the business, but it has potentional to make the owner a fair bit of cash
nickyboy01
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Registered: 10th Sep 03
Location: Oxford-ish
User status: Offline
3rd May 04 at 18:22   View User's Profile U2U Member Reply With Quote
They're based near me. Not surprised to be honest, they make the gashest kits on the planet other than Delta but they concentrate on show cars etc which to me is where the problem is. Theres only so many show cars you can provide for, most companies cater for everyday daily driven cars.
Phil321
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Registered: 10th Mar 01
Location: Manchester
User status: Offline
3rd May 04 at 18:28   View User's Profile U2U Member Reply With Quote
quote:
Originally posted by VisibleMan
Although, i dont know how they can sell it at 300k, when their yearly profit is only 200k-ish, not a very good feature to advertise


Their revenue is less than 200k, not the profit.

Also, buying a business for £300k with a £200k profit would be almost too good to be true, not a bad thing!

Think about it, you invest 300k and 18months down the line you have made you're money back. Not many businesses out there that could offer that same kind of return!
mike16v
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Registered: 20th May 02
Location: sheffield, yorkshire
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3rd May 04 at 18:38   View User's Profile U2U Member Reply With Quote
id like to see there profit figures, bet there minimal to say the least
Chris@Speedfreex
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Registered: 24th Mar 02
Location: west mids, corsa C20LET
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3rd May 04 at 18:39   View User's Profile U2U Member Reply With Quote
there cud be any numbers of reasons there selling. not just there goin under
Dom
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Registered: 13th Sep 03
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3rd May 04 at 18:54   View User's Profile U2U Member Reply With Quote
agree to all of the above
Like i said, the new owner will need to splash some cash, but it could be a nice profit earning if done properly, especially if they started to cater for the average joe modded car market
S1MON
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Registered: 9th Nov 01
Location: Woodley, Berkshire
User status: Offline
3rd May 04 at 19:23   View User's Profile U2U Member Reply With Quote
quote:
Originally posted by Mattb
not surprised, if they are goin under tbh, hideous kits at a silly price


excatly
Welsh Dan
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Registered: 23rd Mar 00
User status: Offline
3rd May 04 at 19:59   View User's Profile U2U Member Reply With Quote
Mynheer were originally engine tuners for Rovers tho and offered a few bodykits. Its when they branched out and did other cars that it went pete tong

 
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