Total of 18656 firms and businesses for sale today Friday 19th April 2024
Sold. Agricultural Machinery Dealership
LISTING DETAILS
Firms For Sale ID:
32906
Vendor reference:
AM156
Vendor website:
BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
£1,600,000
Turnover / revenue:
£6,900,000
Net profit / cashflow:
Undisclosed
Years established:
30
Trading hours:
Monday- Friday: 0800-1730
Saturday: 0800-1200
Number of employees:
7
Employees / staffing:
The vendors work full time in the business and work at head office. One director heads up the sales and valuations function and the other is company secretary and responsible for the office administration (4 days a week). In saying that the vendors have put in place an excellent management team that run the business on a day to day basis. The team includes a sales/branch manager, 2 external salesmen, a service manager, parts manager as well as office administrators, parts advisors and full time mechanics. Staff have many years experience within this sector and are a real asset of the business.
OTHER DETAILS
Reason for selling:
The vendor is planning his exit strategy
Support and training:
The owners will provide full business familiarisation, training and handover as required to ensure a smooth transfer of the business to the new owners. May also consider staying on for a further period should a new owner so require, subject to negotiation.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
Lease terms:
The business operates from 2 prime operational sites. Both are leasehold.
Head Office:- Current rent is circa £13750 p.a. Rates are circa £10,300 p.a.
Branch (Site 2)- Current rent is circa £20,000 p.a. Rates are circa £9,000 p.a.
BUSINESS DESCRIPTION
Agricultural Machinery Dealership
Multi Franchise Operation
Ref.AM156
Location North & Midlands
Asking Price £ 1,600,000
Turner Butler are delighted to offer to the market the opportunity to acquire a highly reputable and established agricultural machinery dealership, successfully operating from two prime sites, with regional exclusivity for many of the leading global manufacturers it represents.
Established some 30 years ago, this dynamic business specialises in the sales, service and after sales care of commercial Tractors and Material Handlers, whilst also selling ground preparation and grass maintenance equipment and mowers. The business sells both new and used machinery and curently holds some 9 prestigious franchises with major global manufacturers, enjoying regional exclusivity with many of them.
The business currently operates from 2 modern branch locations, ideally situated close to their customer base. Head office accounts for circa 60% of sales with the newer branch contributing 40%. Both sites can operate autonimously and have fully equiped offices, parts departments, workshops and sales centres. Both sites have key members of staff and a structured well defined workforce.
The company has an established presence within the marketplace and is known as a specialist in the fields of material handling, tractors and ground preparation (seeding, planting and drilling). Providing a highly personal yet knowledgeable service to its customers, the business ensures they acquire the most suitable piece of equipment to meet their needs. The business boasts some 300 regular clients, the majority of whom are farmers and estate owners.
Having built upon its sterling franchise relationshships over the years, the vendor has invested a significant amount of capital some 7 years ago into the new purpose built branch, this new branch has complemented the excellent work that is generated from head office. The business is curently being marketed as leasehold but both sites are available as a freehold option should a new owner so require, subject to negotiation.
Expansion Potential
The business has grown steadily since inception. Over the years it has developed its franchise partnerships and has an excellent range of “in demand” manufacturers keen to work with it. The business has managed to maintain performance over recent years despite very difficult trading conditions and is expecting to see future growth in line with market predictions.
The vendor has continued to invest in the business and there are opportunities to grow it further by developing a specialist tractor franchise and moving into the “harvesting” equipment sales arena.
Market / Competition / Non-Competition Agreements
The business advertises in the leading national farmer’s magazine and also does some local marketing from time to time. It also undertakes some email marketing and mailshots to existing customers (specifically in relation to parts, service and consumable items).
The company has its own website where it lists equipment for sale, both new and used.
However, the business enjoys its best form of marketing via word of mouth recommendations and referrals and has excellent customer retention levels and enjoys good levels of repeat business.