Total of 18656 firms and businesses for sale today Sunday 28th April 2024
Sold. Freehold Power Tool & Plant Hire Company
LISTING DETAILS
Firms For Sale ID:
26397
Vendor reference:
AO050
Vendor website:
BUSINESS DETAILS
Location:
Primary sector:
Asking price:
£250,000
Turnover / revenue:
£330,000
Net profit / cashflow:
£70,000
Years established:
35
Number of employees:
4
OTHER DETAILS
Reason for selling:
The vendor feels he has taken the business as far as his own management capability allows and believes it would be better placed with a new injection of energy and initiatives from a new owner to take it through its next period of growth. He would also like to consider a change of career.
Support and training:
The vendor is happy to provide a comprehensive handover programme to ensure continuity of trading. He would also consider staying on as an employee should a new vendor so require, subject to separate negotiation.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
BUSINESS DESCRIPTION
Freehold Power Tool & Plant Hire Company
Ref.AO050
Location Merseyside
Asking Price GBP 250,000
Turner Butler are delighted to be appointed as sole selling agents for this exciting business opportunity now on the market for the first time.
The business has been developed organically by the current owner over a 38 year period and in that time the business has established a first class reputation in the region for supplying good quality equipment time and time again. This consistency as well as its presence in the market has been a big factor in the company sustaining success for many years. The business is renowned for its excellent levels of service.
A wide range of plant & machinery are available for hire, most of which is from leading manufacturers such as Hilti, Stihl, Makita, Ryobi, Belle Group and DeWalt. The majority of revenues are attributed to power tool hire(circa 80%). The remaining 20% comes via repairs, maintenance and sales. The company also has a large stock of scaffolding, which it also hires out on a regular basis. The knowledgeable management team are well placed to offer their experience to customers who need advice and assistance in sourcing the right equipment.
For many customers, this business is the first supplier they call. Relationships with customers go back many years and loyalty is another big factor in why this business has prospered for so long. The customer has some 50 regular trade customers including main contractors, builders and manufacturing companies as well as many more adhoc clients.
Expansion Potential
There are several opportunities to expand the business. The business does not proactively chase business and it is understood that more external sales initiatives and a more strategic sales and marketing push would certainly increase revenues still further. There is room to expand the main freehold site and expand the range of equipment as well as increase the sale of accessories, spares and complimentary products.
Market / Competition / Non-Competition Agreements
The business advertises within Yellow Pages (inc. Yell.Com) and various phone directories, and has its own informative website but does very little else, preferring to rely on word of mouth recommendations, repeat business and referrals to generate business. It would certainly benefit from further marketing activity