Reputable Vehicle Rental Company, with strong long term customer base & attractive retail opportunity. http://www.practical.co.uk/locations/england/midlands/kettering/
Following our recent conversation over the phone, we are looking to sell our business currently located at 30 Lawson Street, Kettering, Northamptonshire, NN168XU. http://www.practical.co.uk/locations/england/midlands/kettering/
FRANCHISE RIGHTS OVER KETTERING & CORBY LOCATION - 1 BASE
We currently have control over the above locations, meaning no other potential investor would be able to set up a Practical location with in our 2 areas.
As a vehicle hire company, we have over 100 vans/cars on our fleet with almost 90% of these being out on a Long Term basis with their respective drivers. We are a reputable business, who have made ourselves known, especially with courier businesses within Northamptonshire/London area, mostly for our affordability and reliability of our vans. We also have an In-House Garage that helps maintain all of our vehicles at cost.
In the last 2 months, we have seen revenue figures of £55,000 May & £65,000 June. It is estimated we will see an annual turnover well in excess of £600000.
We have a fleet of around 120 vehicles, with around 20 of these being used for either personal use, or in our other business operations. (Various HP/Operating Lease/Finance Lease/Fully Owned). We would be looking to keep the vehicles that are being used in our other businesses.
With the help of Practical Head Office, there is a big opportunity for an investor to come with fresh ideas with significant reward.
At the moment, we are in a position where we do not have the resources to be able to improve on what we have created and maximise our potential without sacrificing attention from our more profitable businesses.
The split between H/O and ourselves is currently 17%/83% of total monthly revenue in our favour. We have found ourselves extremely satisfied with the support we have received from Head Office, who are always pushing new ideas, and ensuring that our Marketing/Networking strategy is looked after and redeems itself.
We are looking to sell the business for a sum in the region of £20-25,000. This is quite an understated figure based on the fact Practical IS making money and will continue to do so long term, however, we have currently invested heavily into another business venture and are looking for a clean & quick sale. Price is negotiable and so are terms.
We would like to sell the Business as an 'all in' including all vehicles, long term customers and [Garage negotiable].