Plant and Tool Hire With 2 Year Payback

Price:

Leasehold - £425,000

Turnover:

Seller Ref:

9968LN

Location:

Lincolnshire

Business Type:

Service Businesses

See Other:

Other service businesses for sale in Lincolnshire
Tool hire/sales for sale in Lincolnshire
Service businesses for sale in Lincolnshire

Description:

THE BUSINESS:

HISTORY

• Founded as a family company 35 years ago
• Excellent local reputation for integrity and service
• Large inventory of plant and equipment built up
• Acquired by family member 7 years ago

REASON FOR SALE

• Vendor wishes to pursue other business interests

SERVICES

• Hire of wide range of plant and equipment
o Diggers
o Dumper trucks
o Agricultural and garden maintenance equipment
• Repairs undertaken
• Deliveries and collections
• Retail sales of consumable items
• Plant sales

CUSTOMERS

• Mix of business and personal customers with approximate 85%/15% split
• 1009 currently active accounts
• Mainly drawn form a 10 mile radius of town
• 350 annual members

SUPPLIERS

• Plant sourced on a new and used basis throughout
• Wide range of branded industry names

EQUIPMENT

• Inventory value is circa £330,000
• Some of the equipment includes:
• Gina Lift Z45
• Berford Dumpers
o 7 Tonne
o 3 Tonne
o Swivel
• Berford Skip Dump
• Benford Rollers
o 2 x 80 roller
o 65 roller
o 1200 roller

• Diggers
o 3 x Kubota 1.5 tonne
o 2 x Kubota 3 tonne
o Kubota 6 tonne
o Micro digger
• Timberwoolf Chipper TI150 DWH
• 26 Tonne plant lorry (02 plate)
• 7.5 tonne Plant lorry (x reg)
• Various saws, hedgecutters, lawn mowers
• A full list will be provided to interested parties.

SCOPE

• Business development activity has been extremely limited
• Introduction of internet site
• More aggressive marketing to already substantial customer base

STRENGTHS

• Established business well known within the town
• Modern facility with maintenance bay
• Loyal and repeat customer base
• Extensive inventory of equipment and plant built up over many years
• Income stream from retail sales
• Ongoing building development within the county extensive, with much European funding
• Highly profitable with excellent financial performance
• Low overheads
• Extremely short payback period of less than 2 years

DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967).

An Energy Performance Certificate will be made available upon request of further details where one is required for the business premises.

Location Details:

• Trading from modern industrial unit in a provincial Lincolnshire town • Ideally positioned to exploit large personal and business customer base • Limited competition within the town • Ample parking for staff and customers

Trading Hours:

• Monday to Friday 7.30am to 5pm • Saturday 8am to 12 Noon • Closed Sunday

Accommodation:

• A modern leasehold industrial unit with retail shop, offices, workshop, large yard and parking • Shop with retail sales counter and racking and shelving appropriate to trade • Workshop with racking, shelving and inspection pit • Further repair/workshop • Customer parking to front • Restroom • 3 offices • Full CCTV system • Alarmed (offices and yard)