Established Tool and Plant Hire Business with Two Large Outlets
Price:
Leasehold - £955,000
Location:
London, West London
Business Type:
Service Businesses
This now well established and profitable tool and plant hire company originally began trading from a newly fitted site in South London in 1987. With limited competition the business rapidly grew to become a successful and sizable operation, and in 2007 the opportunity was taken to acquire another similarly developed tool hire operation operating from a large site in West London.
The operations at the new location continue to build on already long established tool hire business. With recent investment in the property, streamlining of operations and the placement of key staff, the new branch has shown steady growth, and puts the company in a strong position for future expansion and further investment.
The business hires heavy plant, tools and equipment to a huge range of customers, from local builders, contractors and tradesmen stopping by the one-stop shop on a daily or weekly basis, to larger blue-chip accounts and local authorities, whose teams use the plant and services when working in the area. There is a large database of trade accounts, with the majority of customers being smaller builders / developers employing up-to 10 people. This large and diverse range of customers gives the business a great deal of stability without the reliance on any one major trade account.
West London
The premises occupies approximately 4000 sq ft of retail space, with around 300 sq ft of office space on a mezzanine floor. There is extensive parking, and outside storage space around the site. The lease was for 15 years, signed in 2007, with an 8 yr break due in 2015. The annual rent is around £32,000, with business rates payable of approximately £5,500 p.a.
There is a new 8 camera CCTV system in operation, and the premises are fully alarmed.
South London
The premises occupy a double fronted shop-unit. The vendor owns the freehold of one side of the building and rents the property back to the business. The other unit is leasehold. Overall the business occupies around 4250 sq ft, inc retail area of 1000 sq ft offices, workshop, storage yard and parking totalling 3250 sq ft. The combined rent is circa £25,000 per annum with business rates payable of approximately £5600.00 p.a. Again the premises are fully alarmed and protected by a 5 camera CCTV system.
The
The annual rent is around £32,000, with business rates payable of approximately £5,500 p.a.
Monday – Friday: 7:30 am – 5:00 pm
Saturday: 8:30 am – 12:30 pm
North Yorkshire
£ 750,000
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