Brooke for sale

[ConorE]

Looking through business opportunities and came across this little number. I have no personal interest, but for £425,000, someone must be interested. Turnover of £115,000, so can't be doing too bad for it's self.
No link as I have no ownership of either the company or the website

[Harrytsg]

What?

[ConorE]

Harrytsg said:

What?

Makers of Brooke double r?

[iva cosworth]

ConorE said:

Looking through business opportunities and came across this little number. I have no personal interest, but for £425,000, someone must be interested. Turnover of £115,000, so can't be doing too bad for it's self.
No link as I have no ownership of either the company or the website

You don't have to "own" the website to post a link to it.

I don't own Ebay for example but can link to it

[McHaggis]

£115k a year, so approx 4 cars per year?

[Du1point8]

ConorE said:

Looking through business opportunities and came across this little number. I have no personal interest, but for £425,000, someone must be interested. Turnover of £115,000, so can't be doing too bad for it's self.
No link as I have no ownership of either the company or the website

turnover of £115k means SFA.

Profit is the one you want.

[ConorE]

iva cosworth said:

ConorE said:

Looking through business opportunities and came across this little number. I have no personal interest, but for £425,000, someone must be interested. Turnover of £115,000, so can't be doing too bad for it's self.
No link as I have no ownership of either the company or the website

You don't have to "own" the website to post a link to it.

I don't own Ebay for example but can link to it

Realised how stupid I sounded now

http://www.daltonsbusiness.com/car-dealerships-for...

[hairykrishna]

http://www.brookecars.co.uk/index.php

£115k turnover sounds like close to bugger all to me. That's about 3 cars and some bits and pieces a year. It'd take you a long time to recoup £425k.

[McHaggis]

Du1point8 said:

turnover of £115k means SFA.

Profit is the one you want.

Indeed. But even if he somehow made £40k profit, its a 10X profit valuation and 3.5x turnover. High... unless the IP is really good.

[ConorE]

Du1point8 said:

turnover of £115k means SFA.

Profit is the one you want.

Not quoted?

[s3fella]

Valuation seems to be high....ammmmm ooot!

[egomeister]

McHaggis said:

Indeed. But even if he somehow made £40k profit, its a 10X profit valuation and 3.5x turnover. High... unless the IP is really good.

That's if the IP is included. The phrase "Sole licensed builder and manufactures of the Brooke Car Range" would suggest the IP of the project lies elsewhere

[Du1point8]

ConorE said:

Du1point8 said:

turnover of £115k means SFA.

Profit is the one you want.

Not quoted?

obviously it wont be it will be something you need to find out once you have looked at the books.

After looking at the site... this has been on sale for quite some months as I swear it was on for £425k last year.

[SV8Predator]

ConorE said:

Turnover of £115,000, so can't be doing too bad for it's self.

With a turnover like that, you couldn't even take a wage out of it. Do the cars build themselves?

[McHaggis]

SV8Predator said:

With a turnover like that, you couldn't even take a wage out of it. Do the cars build themselves?

Well at 3-4 a year it isn't going to be a full time job...?

[SV8Predator]

If one man manages to build four cars from scratch, tests and develops the engineering, promotes the business, does the books, then that sounds like more than a full time job.

[bigandclever]

ConorE said:

Du1point8 said:

turnover of £115k means SFA.

Profit is the one you want.

Not quoted?

Gross profit is given as 17%.

http://www.rightmove.co.uk/commercial-property-for...

Edited by bigandclever on Saturday 18th August 15:44

[McHaggis]

I'd suggest it is a vanity driven valuation.

[Willeh85]

Makes 20k profit a year. At that rate it would take you 22 years to make your investment back assuming you annually do the same amount of business year on year.

[ConorE]

SV8Predator said:

With a turnover like that, you couldn't even take a wage out of it. Do the cars build themselves?

It's been a long day, let me off Didn't think this through did I?