Total of 18656 firms and businesses for sale today Tuesday 16th April 2024
Sold. Very Profitable Tool, Plant And Equipment Hire Company
LISTING DETAILS
Firms For Sale ID:
34825
Vendor reference:
IP017
Vendor website:
BUSINESS DETAILS
Location:
Primary sector:
Asking price:
£850,000
Turnover / revenue:
£1,300,000
Net profit / cashflow:
Undisclosed
Trading hours:
Standard office hours (Monday Saturday a.m.)
Number of employees:
11
Employees / staffing:
One shareholder works in the business full time as Managing Director. The business also employs one full time depot manager, one office manager and a further 9 personnel including fitters, drivers and counter staff. The staff are well trained, carry all relevant certifications and have excellent industry knowledge.
OTHER DETAILS
Reason for selling:
The vendor has been in the hire industry all his working life and is now looking to take early retirement to pursue his other interests and hobbies. A new owner with new levels of time, energy and commitment could certainly build on the impressive performance to date and maximise the many opportunities at this business’s disposal.
Support and training:
The vendor is happy to provide a handover to the new owner. This should be a relatively simple process as the business has many key members of staff in place including senior personnel who can run the business on a day to day basis if need be.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
Lease terms:
The business operates from 2 sites. Both are modern leasehold units located on busy well known industrial estates close to complementary businesses. Both depots are highly secure and have Redcare cover.
Site 1 circa 2500 square feet plus mezzanine floor. Rent circa GBP 16,000 p.a. Circa 3 year rolling lease.
Site 2 circa 3000 square feet. Rent is circa GBP 18,000 p.a. Circa 3 year rolling lease.
Location is a real strength for both depots, both have large catchment areas and very little local competition.
BUSINESS DESCRIPTION
Very Profitable Tool, Plant and Equipment Hire Company
Ref. IP017
Location : North East
Asking Price : GBP 850,000
A fantastic opportunity to aquire a young and dynamic tool plant and equipment hire business. The business has been built using a highly efficient and scaleable business model that is generating very impressive sales and profitability figures in a growing marketplace. This reputable and now established independent business specialises in the hire of market leading professional tools, mini plant and ancillary equipment from instantly recognisable manufacturers. It also sells a wide variety of consumable items.
The business stocks and supplies a unique and desirable mix of quality professional tools, plant and equipment as well as consumables and complementary products to a large and growing customer base via its 2 depots. These depots are ideally located. With limited local competition, so as to effectively service its client base. The business has established itself as a one stop shop for its customers with a large range of hire and sale items avaiable ex stock. These products include:
Power tools
Construction site equipment
Hand tools
Hardware
Safety equipment
Building equipment
Consumables
In a relatively short period of time this company has positioned itself as a trusted and respected supplier, offering a high quality in demand range of products for hire. It offers competitive pricing and superb service levels with same day despatch in most cases.
The company enjoys good levels of repeat business from both trade and retail clients. The company can boast some 1000 trade account customers in total, approximately 300 of these are regular clients. It also has a large number of cash paying customers( circa 200 regulars)
The companys customer base has grown year on year and it enjoys very impressive levels of profitability and client retention. The business is simple to run.
Expansion Potential
• Internet Online presence the business is just in the process of building its own website. This represents a significant opportunity moving forward for the business both on a trade and retail basis.
Further expansion of the hire fleet more into the plant mini plant hire side of business. The business currently services this area through re hiring.
Employ an external sales representative/agent to actively service its large account customer base. The business does not currently employ any external sales personnel.
The business is ripe for continued expansion and could be scaled up further with further depot(s) to maximise these growth opportunities. It is currently achieving these highly impressive sales and profitability figures with limited resource in place.
Market / Competition / Non-Competition Agreements
The company does very little in the way of proactive marketing. It does mailshot its account customers with promotions and new product details when applicable and has company brochures to hand. It is just in the process of building a new website and this should be developed further as online tool sale and hire is a highly lucrative sector to be in.