The HJ2M company, with a capital of 4 K €, was newly created to take over the Montalivet karting business (33).
The company operates a go-kart circuit as well as a park of inflatable structures.
Mr. PEYRUSE, one of the buyers, took part in the creation of karting in 2003.
The company has just acquired the business through bank financing.
HJ2M is asking whimblegardens.co.uk lenders for 40 K € to buy second-hand karts and improve lighting for night sessions.
The need is total and immediate.
This project was the subject of a specific study linked to the current health situation, in particular on the government measures from which the company was able to benefit, and on the evolution of its activity during confinement.
The figures presented below are taken from the balance sheet of the company previously operating the business. As this is a company creation, we have loaded the company's forecast instead of the financial summary.
The 2019 accounts show stable turnover at 208.9 K €. EBITDA was up to € 38,000, or 18.2% of turnover (+5 points).
The net result amounts to 3.4 K €. In 2018, it was -7.1 K €.
Equity is 23 K € or 11.4% of the total balance sheet and debt is 164.3 K €.
Net cash, for its part, is 56.7 K €.
The forecast for the takeover of the company shows a turnover of 217.5 K € for the first year. Thereafter, the increase is expected at 5% per year.
In addition, the company will see its costs decrease sharply. Indeed, the buyers not paying themselves a salary over the first years, the gain will be around 45 K €.
Self-financing capacity is expected at € 69K (€ 76K for the second year).