| This listing has been sold. Please click here to view other listings in the same industry |
 |
INDUSTRY
|
|
|
BUSINESS SUMMARY
|
The Scarab car – a unique, four-seater, fun vehicle originally developed for the hire car sectorConfidentially offered for sale
Ref. no: GN005
Location: Re-locatable
Asking price: £100,000
Specifically designed by our Client together with a dedicated team of engineers in the early 1990’s, this unique vehicle has been described by some motoring correspondents as a replacement ‘Mini Moke’. With a production run in excess of 2,200 to date, and exported in small numbers to over twenty seven different countries worldwide, with the vast majority still in use, this is proven technology with proven demand. This vehicle even has a celebrity following – particularly in the Caribbean!
The car is a four-seat, open topped holiday hire car with a moulded GRP body shell fitted around a welded tubular chassis using new Ford Fiesta componentary. The car is fitted with a standard Ford Endura 1.3, 4 cylinder petrol engine used in Fiesta and Escort production which is fully catalyzed and complies with current European emission regulations. Power is transmitted through a Ford 5-speed manual synchromesh gearbox.
|
|
|
BUSINESS FINANCIALS
|
|
|
|
|
GENERAL COMPANY INFORMATION |
|
Organization Structure: |
|
|
Headquarters/Main Location: |
Home Based
|
|
Time on lease/mortgage: |
N/A
|
|
Is Business Relocatable? |
No |
|
|
|
|
|
DETAILS ABOUT THE SALE
|
|
Support & Training
|
The current Owner, a highly regarded Consultant within the automotive industry will be on hand to ensure a smooth transfer of the opportunity to new Owners – even to the extent of taking an on-going role in its further development, subject to negotiation. |
|
Reason for Selling
|
Despite enjoying a healthy level of demand for the vehicle the shareholders in the original business failed to back their initial investment to the required level resulting in business failure. Additionally, a serious illness three years ago suffered by the current Owner resulted in dormancy for a recuperation period. The Owner now feels the time is now right to pass the opportunity on to new Owners to realise its full potential and fully capitalise on the £750,000 of amortised research and development work that has been done to date. |
|
Is Management Willing to Stay?
|
No
|
|
Are You An Intermediary?
|
No
|
|
 |
|
Web Site Design
|
