Total of 18656 firms and businesses for sale today Saturday 27th April 2024
Sold. Sales, Hire & Repair Of Cranes Plus Other Major Lifting Equipment, Fabrication Work, Testing &am
LISTING DETAILS
Firms For Sale ID:
26801
Vendor reference:
ET028
Vendor website:
BUSINESS DETAILS
Location:
Primary sector:
Asking price:
£160,000
Furniture, fixtures and fittings included.
Furniture, fixtures and fittings included.
Turnover / revenue:
£157,000
Net profit / cashflow:
£27,000
Years established:
17
Number of employees:
2
OTHER DETAILS
Reason for selling:
The vendor would now like to sell the business because of ill health
Support and training:
The vendor would be happy to help with a smooth transfer of the business in any way possible.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
Lease terms:
There is no lease contract in place and the vendor pays circa £1,000 per month with rates payable of circa £4,477 per annum.
BUSINESS DESCRIPTION
Sales, Hire & Repair of Cranes plus other Major Lifting Equipment, Fabrication Work, Testing & Certification
Ref.ET028
Location Halifax, West Yorkshire
Asking price: At Net Asset Value of £160, 000
This is a well established business that specialises in the sale and hire of high quality lifting equipment, plus fabricating work that has included heavy duty security gates, signage, structural steel work and building fabrication. The company also has testing, inspection and certification of all types of lifting equipment, have the ability to build cranes and steelwork and have worked with their customers providing training on safe working practices. Recently, after numerous enquiries, they have expanded their services into tool hire which has proved immediately to be a popular addition.
The company has a large inventory of equipment and machinery for hire and pride themselves on carrying “tackle to lift anything”, from lifting tackle, jacking & hydraulic equipment, to moving & handling tackle. On the tool hire side of the business they have cement mixers, generators, power tools, shredders and mowers.
The company is the main distributor for a major International manufacturer of power products which includes compressors, air tools, generators, diagnostic equipment and power tools, and they have a full 196 page catalogue of items for customers to choose from.
This is a well run all year round business that would ideally suit an individual or a company that has mechanical knowledge. The business is currently run by the vendor who is “hands on”and enjoys both the manual work and the mechanical side of the business.
Expansion Potential
The company is extremely competitive and there is room to increase their prices without affecting their competitive edge. There is also the opportunity to widen their customer base by implementing a marketing campaign to increase turnover and profits.
The recent expansion in to tool hire is something that has proved popular with their customers without any advertising. This is an area where the company can certainly increase sales without too much investment capital needed