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Finance And Services:

Business For Sale. Fork Lift Truck Company. Hire Fleet, Sales (new & Used), Service, Repair, Maintenance

LISTING DETAILS
Firms For Sale ID:
34751
Vendor reference:
IP016
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
£90,000  
Turnover / revenue:
£160,000
Net profit / cashflow:
Undisclosed
Trading hours:
Monday Friday: 08:00 17.00
Employees / staffing:
The vendor is MD of the business and manages the operation. No staff are employed within the business. However the vendor does utilise the services of a sub-contract partner to carry out servicing and repair works.

OTHER DETAILS
Reason for selling:
The vendor is planning his exit strategy. He also has other interests he wishes to pursue.
Support and training:
The owner would be happy to provide a comprehensive handover to ensure a seamless transistion of ownership. This should be relatiely simple as the busienss model is very simple yet effective.
Business is relocatable:
Yes
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
Lease terms:
The business operates from a rented facility which provides ample storage. It could also be relocated if need be.
 
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BUSINESS DESCRIPTION
Fork Lift Truck Company.
Hire Fleet, Sales (New & Used), Service, Repair, Maintenance
Ref. IP016
Location : North East/Relocatable
Asking Price : GBP90,000
This very highly regarded and competent organisation specialises in all aspects of fork truck/material handling requirements, including the hire and sales of fork trucks as well as servicing, maintenance and repairs.
This independent company has a very impressive track record spanning many years, plus experience of working with all the major materials handling manufacturers. The company caters for gas, electric and diesel fork trucks as well as other warehousing and handling equipment including reach and stacker trucks.
The business provides a fully maintained hire service and has its own fleet of some 26 fork trucks, 21 of which are currently out on long term hire with the remaining 5 on short term hire. This fleet hire generates guaranteed sales revenues of circa GBP60,000 p.a.
The company also sells new, used and refurbished fork trucks from all the leading manufacturers as well as parts and spares. We are advised the fleet and sales stock and plant has a value circa GBP130,000. It is all highly saleable and in excellent condition.
In addition to its core services the business also provides onsite bespoke forklift operator training, and can provide dedicated operator training for smaller unlicensed access equipment on client sites. The company offers best practice and best advice on a selection of appropriate health and safety training courses.
The client mix is varied and prestigious with the business boasting a good number of loyal customers most having been with the business for many years, under contract. The majority of customers are based within the North East region.
The business model is very streamlined, with low fixed costs and no staff employed. The vendor runs the business on a day to day basis.
This business has built an enviable reputation for providing a professional, prompt and comprehensive service. The business understands the need to be 100% reliable and this has helped it develop many longterm client relationships.
With consistent and profitable levels of financial performance, multiple revenues streams and healthy recurring rental revenues of circa GBP5,000/month moving forward, the business is an attractive proposition to any investor.
This is an excellent opportunity to acquire a progressive and profitable organisation with a very significant customer base and excellent supply routes. The business is ideally positioned for a new owner, bringing fresh energy and new levels of business acumen to maximise the many opportunities at its disposal and take it through its next period of growth.

Expansion Potential
With an enviable reputation within the industry and renowned for always meeting if not exceeding client expectations there is an outstanding opportunity to build on the existing services and customer base of this company. The business has a loyal customer base that could be developed further. It could expand its geographical spread further afield should a new owner so wish as the demand is there. This demand is being fuelled by ongoing legislation and health and safety requirements.

The vendor has tended to be reactive rather than proactive over recent years due to the high demand for its services. The business could easily be scaled up even further should a new owner wish to invest in further internal resource.

Market / Competition / Non-Competition Agreements
Having established an excellent reputation for quality, technical ability, reliability and professionalism the business has little need for advertising, relying on the most cost effective forms of marketing recommendations, referrals and repeat business. In saying that, it has an informative website.