Tool Hire/Sales for sale in Richmond

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 The sale came via an enquiry from your website. We're very pleased that it worked so well for us 

Polly Franey (July 2015)
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Asking price: £350,000 Price Reduced Turnover: £125,788 Gross Profit: £36,428
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Business Description
BUSINESS
Hilton Smythe is delighted to welcome to the market A1 Hire Services Limited, one of the leading national tank & tank equipment hire companies in the UK. The business was established in 2008 by our clients. Only now is the business being offered to the market due to our clients` desire to concentrate on the sister company which handles the manufacturing of the tanks. The business is open 5 days a week and generates a turnover in the region of £126,000 per annum, with a gross profit of approximately 29%.

The business operates in the specialist large tank container sector and has a lot of repeat trade from companies such as Speedy Power, J F Hunt and A Bird (HSS Group) Apex. The business has around 40 good quality customer accounts in total.   

The business offers a wide range of products including fuel tanks, road & site towable bowsers, drip trays and purpose built generator store.  The business can supply fuel storage tanks from 500ltrs – 23,000ltrs. The tanks are suitable for the storage and dispensing of home heating oil, gas oils, engine oils, kerosene, waste oils, lubricant oils, hydraulic oils and diesel oils. The business has an excellent website in place that has a lot of information about each of the tanks, and facilities to enquire about the tanks, www.a1hireservices.com.

The company assets are purchased from the current sister company on preferential commercial terms. It is envisaged and hoped that this commercial arrangement will continue. This company would be an ideal bolt on to an existing hire company, plant hire companies with own yard, resources, sales force etc, this is a fully transportable business.

We feel the turnover could be expanded with capital injection for the purchase of extra tanks for hire which would produce extra income. The company has grown generically with turnover increasing annually – a sales force to increase business would produce immediate benefits, especially with target marketing. This is an excellent opportunity for a new owner to take this long established and thriving business to the next level; therefore early viewing must come highly recommended.

LOCATION
A1 Hire Services Limited is currently located on a shared premises on Walker Industrial Estate in Richmond, North Yorkshire.

ASSETS
Current assets consist of approximately 180 units plus ancillaries:-

44 FB220 – 908ltr

34 FB360 – 1800ltr

44 FB510 – 2300ltr

6 FB1000 – 4500ltr

1 DTESB1000 – 4500ltr

3 DTESB2000 – 9000ltr

1 TEB3000 – 14000ltr

2 CON6 – 4800ltr

13 CON8 – 6000ltr

8 CON12 – 10000ltr

2 CON20 – 23000ltr

2 GS1 – Generator Stores 1800ltr

2 GS2 – Generator Stores 1800ltr

2 FB510R Highway Bowsers

8 FB220R Highway Bowsers

2 FB510S Highway Bowsers

1 PIP6 – Pipe Ramp

1 IDTR2 – Interceptor drop tray

1 Gas – Gap tank

5 Chassis kits for FB510 allows static tank to be converted into sire towable bowsers

Ancillaries: Storage container, holding tank, waste oil tank, pumps meters etc

TENURE
Business only

HOURS
The business office is open:  

Monday - Friday: 9am till 5pm

STAFF
The business is owner run and managed with the assistance of 1 staff member, who will not pass with the business.

FINANCIAL PROFILE
The business reports a turnover in the region of £126,000 per annum, with a gross profit of approximately 29%.



Listed by: Hilton Smythe
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