* PRICE INCLUDES ALL STOCK AND GOODWILL *
CoGoGo welcomes to the market Classic Citroen International (Classic 2cv Recycling)
The business was established by the proprietor in 2011 who was looking for a lifestyle business to give him freedom to be away from the business, while continuing to make profit.
The vendor spends 30% of the year in Italy where his partner lives. The business can be controlled from a distance with one part time staff member back at base, creating a work-life balance for the owner. This has been the case since establishment, our client is now looking to move to Italy full time.
The company restores and sells numerous classic car parts via the eBay shop. The business has lists in the region of 1300 to 1500 parts in 9 different countries. The eBay shop has 100% feedback from over 3,000 customers. The business does also see alot of walk-in customers who can have a look around at all the parts that are available. The business also has 100% positive feedback.
This is a very niche business, providing parts for classical Citroens, shipping worldwide, focusing on parts for models stretching from the 40's to 90's with up-and-coming models just entering the classic world.
The business can be run from anywhere in the UK. The vendor is based in Oxfordshire currently operating from a rented premises with parts storage unit and small yard. There is no ongoing rental contract. However, the unit rental could be taken over should the purchaser desire.
Over the last few years CCI has grown without any serious UK competition to an international supplier gaining many close contacts worldwide especially USA where there is a huge market.
The vendor travels to New York state each June to a big four-day Citroen event to catch up with friends of old and meet prospective new customers, thus combining it into a 2/3-week holiday also.
The business also ships vehicles from the UK/EU to the USA for clients, dealing with the internal shipping and paperwork as required. The vendor charges a handling fee for this service. This service can be done by telephone and computer from anywhere the vendor happens to be at the time.
The business has a big online presence and advertises on 9 international sites with full translation done automatically by a third-party company. The company is especially well known in Citroen circles in the USA.
This is a simple business to run and with some coaching from the vendor any buyer will soon get the knowledge to be able to move forward.
Our client has very much run the company at his own pace. There is much more scope to expand the business should the buyer wish; the sky's the limit if so desired. More advertising could be done and other marketing strategies, but the vendor has tried to keep the business within certain parameters as he is nearing retirement age and is planning to retire to Italy.
Basic computer and basic mechanical skills would be beneficial. The vendor is prepared to spend some time with a new buyer to see a smooth transition and continuation of his much-loved business.
Any prospective buyers are advised to speak to the vendor who is happy to talk through the business initially. A visit to the premises is no problem.
Included in the business sale:
Hand tools
Client base
Handover period
The eBay shop isn't included in the sale and will be shut down once the business has sold, our client will assist the new owner in creating a new account.
This is a fantastic business opportunity not to be missed. Early discussions/viewings are highly recommended.
Financial Profile
We are advised the business generated a turnover of circa £58,000 as of 2022 further financial information can be made available upon request.
