Hire Of Portable Toilet Facilities With Themed Lighting And Bars
Price:
Freehold - £850,000
Leasehold - £600,000
Business Type:
Entertainment & Leisure businesses, Service Businesses
HEADLINE SUMMARY
EAST ANGLIA
HIRE OF PORTABLE TOILET FACILITIES WITH THEMED LIGHTING, BARS AND GENERATORS
• Established 16 years
• Turnover £382,396 (2010)
• EBITDA averaging £185,000 per annum over the last 4 years with 2011 projection £179,000
• Leasehold £600,000 or Freehold £850,000 plus Shareholders’ Funds of approximately £376,000
• Reference: 1214IP
BUSINESS SUMMARY
This consistently successful company has developed an excellent reputation for the supply of luxury portable toilets for various events, mainly social occasions, but supplemented with a number of corporate bookings. In addition to this core business, hire of generators is also offered, along with the provision of fully stocked and themed bars as required. Trading from its rural base close to Bury St Edmunds in Suffolk, customers are generally located within East Anglia. A superb inventory of 20 luxury toilet units is maintained to an excellent standard. These units are towed by a fleet of 4 Land Rover vehicles. The premises are extremely spacious and afford secure storage for all units and vehicles, and include a large underground waste storage tank.
Our client has enjoyed a successful trading history spanning the last 16 years. During this period, the business has generated very significant and consistent profits. The customer base is well spread, cash flow is always positive, and the business benefits from a good level of forward bookings which aids planning and organisation. In financial terms the balance sheet is very strong, with a consistently high EBITDA, averaging £185,000 over the last 4 years, figure ensuring excellent earnings for a new buyer. The draft figures for 2011 are excellent.
Over the last 10 years the company has both consolidated its place within the market place and developed a number of new customers. Overall, the market for mobile toilet hire is strong, and whilst turnover has fallen slightly during the recessionary years, margin and bottom line profitability has held up extremely well.
SCOPE AND POTENTIAL
The company is located close to the very substantial London market and ideally placed to exploit opportunities arising within East Anglia. Marketing at present is largely limited to the excellent company website along with the production of marketing brochures for each specific element of the business. The order book tends to be full from May through to October. Focus on business development activity generally would easily increase the company’s share of a sizeable market in the south of the country.
Our client has concentrated on work within the luxury segment of the market. It would be entirely possible to service a wider range of events which could include shows, concerts, and one off events such as the 2012 Olympics. There are also considerable opportunities to extend the number of lucrative corporate type events. An expansion in the number and type of toilet units would allow a greater turnover to be achieved with relative ease.
Geographically, the business could easily be extended beyond the confines of London and East Anglia. A buyer with existing warehousing or storage facilities, possibly in the South East or Midlands, could be ideally placed to expand the business. A buyer could also look to increase the lucrative cross hire business to other operators committed to servicing particular events.
Opportunities for hire of ancillaries and bars are considerable and this has always formed a relatively small part of the business. Toilet hire currently forms around 75% of turnover, with lighting and bars around 20% and the remaining 5% from generator hire. It is also possible to introduce a number of related items or services for hire, such as marquees.
FOR FULL DETAILS PLEASE SIGN AND RETURN THE CONFIDENTIALITY AGREEMENT
An Energy Performance Certificate will be made available upon request of further details where one is required for the business premises.
North Yorkshire
£ 750,000
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