Plant & Tool Hire / Sales Company For Sale

Business description

Established in the 1960’s, this is a leading independent power tool hire and sales company in their area. The current vendor has been involved with the business since 1997 and can offer considerable advice and information concerning all aspects of trading. The quality of equipment, range, availability and speed of delivery are second to none. As an independent company, the business is able to offer a friendly, personal service, which is not always available from some of their national competitors.

The business offers an excellent delivery service which ensures equipment is with a customer in a fast and timely manner and also has provision to collect back the equipment. This business is dedicated to supplying a guaranteed knowledgeable, efficient, personal and quality service and with its wealth of experience and vast range of quality plant and tool hire items, which include:

• Abrasive & Diamond Saws
• Access Equipment
• Building & Pumps
• Catering
• Cleaning & Decorating
• Concrete & Construction
• Drilling, Breaking & Fixing
• Gardening & Landscaping
• Heating, Drying & Cooling
• Lifting & Handling
• Motoring
• Plumbing
• Power & Lighting
• Welding & Metalwork
• Woodworking

This is an extremely well run and very profitable business. As such it represents an excellent opportunity to acquire a very well established plant and tool hire operation with a loyal and extensive Client base.

Customer Service:

This high quality, established hire business has built an excellent local reputation through its commitment to high quality, friendly, approachable, service and customer value. The staffs provide a high level of quality service and acknowledge that a satisfied customer is likely to be a repeat customer.

Key Strengths:

Strength of this business is the broad portfolio combined with some exclusive products on offer and the quality and convenience of the product catalogue. All of this is backed up by customer service of high repute which gives the business its competitive advantage.

The business is well established and profitable, with a loyal and growing customer base, retaining a high level of repeat business, particularly among a number of customers returning on a regular basis and having done so for many years.

Financial Information:

The business is offered for sale as a going concern. All financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler

The business is financially stable with no borrowings, low overheads, positive cash flow, no debtors, enjoys a Strong Order Book, high gross and high net profit and has shown consistent strong growth in profits.

Property information

Property:

Leasehold

Location:

The business operates from two locations. There is an excellent longstanding relationship with the landlord, and a new lease would be negotiated on terms agreeable to both parties at market value.

Other information

Expansion potential:

There are excellent opportunities to increase the levels of business. Since inception this business has performed to a high standard and has earned wide-recognition for the level of services provided for its clients. It is considered that a new owner with fresh impetus and enthusiasm can further capitalise on the ever increasing opportunities made available to the company through its reputation.

The current market for this business is buoyant and forecast in the near and longer term for significant growth. The business is well positioned to take maximum advantage of this growth as it occurs. The company has a well-maintained fleet of tools, and this would be a solid foundation on which the business could expand its operations.

Competition / Market:

The business has an informative website which allows the user to find out details regarding the business and the range of products on offer. The business has found that the site has performed well and consistent growth will be achieved by building on this success. Having been established over 23 years this business does little by way of advertising, enjoying high levels of repeat business. The business takes the services of salesmen to further promote the business.

Support & training:

The owners are happy to assist with full hand over and the training to ensure a smooth transition of the business to its new owners.

Reasons for selling:

The current owners decided to dedicate more time to develop the training side and they feel the time is right for them to sell the business.

Trading hours:

The business opening hours are 8:00 a.m. to 5:30 p.m. Monday to Friday, and 8:00 a.m. to 1:00 p.m. on Saturday.