Total of 18656 firms and businesses for sale today Saturday 27th April 2024
Sold. Well Established And Profitable Independent Tool And Plant Hire Outlet
LISTING DETAILS
Firms For Sale ID:
24701
Vendor reference:
GK088
Vendor website:
BUSINESS DETAILS
Location:
Primary sector:
Asking price:
£325,000
Turnover / revenue:
£240,000
Net profit / cashflow:
Undisclosed
Years established:
26
Trading hours:
The business currently operates between 7.30 am and 5.00 pm Monday to Fridays only with arrangements made on an ad hoc basis for certain key customers to collect plant and equipment on Saturdays.
Number of employees:
2
OTHER DETAILS
Reason for selling:
Having been involved in the tool and plant hire trade for over twenty years and having built the business up to its current size and scale the Owner feels the time is right to pass it on to new Owners to build on the excellent foundations already laid.
Support and training:
The Owner would be happy to work with the new owners for a short period to ensure continuity and the smooth transfer of the business to new Owners. The third family member, a nephew of the owners is currently apprenticed to the business and would be considered to be an excellent asset to new owners.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
Lease terms:
The business operates from a small secondary retail outlet of approximately 1500 square feet with a yard to the rear which includes additional secure storage for plant and equipment available for hire. Rent is currently £9,400 per annum with rates of £1,000 per annum.
BUSINESS DESCRIPTION
Well established and profitable independent tool and plant hire outlet
Ref.GK088
Location Berkshire
Asking Price £ 325,000
This family run business has been trading since 1985, moving to its well suited, low overhead premises in a small parade of shops in 1998. Ideally located on the borders of Berkshire, Surrey and Hampshire and within easy reach of excellent motorway links this business welcomes all types of customers – local builders, civil engineers, local authorities, public utilities, groundworkers, factories, farmers, landscape gardeners and private DIY and gardening enthusiasts, in fact everyone bar contractors (deliberately excluded due to their propensity for slow payment) with the widest range possible of quality plant and tool hire items.
This business has specialized in supplying niche market equipment. As a consequence it has developed a highly loyal customer base, confident in the knowledge that they will always be able to get the plant and equipment they need from this outlet whatever the job. Such is the breadth of plant and equipment available that this business is probably one of the few operations to offer toilet hire and has even recently included portable traffic lights within its range. It is not uncommon for this business to be recommended by the bigger names within the sector because even they acknowledge that this business will carry equipment that other hire centres do not have.
This business is dedicated to supplying a guaranteed knowledgeable, efficient, personal and quality service and with its wealth of experience and vast range of quality plant and tool hire items, it deals efficiently and effectively with all enquiries, not only meeting but almost as a matter of course exceeding the exacting standards the industry quite rightly demands. Its good quality, relatively new equipment (this business understands the importance of investing in the best) is always in good working order, servicing and repairing all of its own plant and equipment on-site. All equipment is prepared for re-hire immediately it is returned.
Expansion Potential
There is great scope and opportunity to develop and expand this operation. A new owner with new ideas, drive and enthusiasm will have every advantage of building on an excellent platform.
Having built up an excellent reputation within its local marketplace for the availability of such a wide range of equipment, local builders especially are prepared to travel some distance to collect the equipment they require for a job. By leveraging this excellent reputation there is excellent scope to add another local depot to widen the business’s geographical coverage and increase turnover and profitability accordingly.