| (REF: AO050 ) Freehold Power Tool & Plant Hire Company |
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| Seller Reference: |
AO050 |
| B4S Reference: |
15611 |
| Asking Price: |
£285,000
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| Net Profit: |
£36,000 |
| Sales Revenue: |
£300,000 |
| Number of Staff: |
Send enquiry for more details. |
| Established For: |
Send enquiry for more details. |
| Ownership: |
Freehold |
| Location: |
Merseyside, Merseyside, United Kingdom |
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Turner Butler are delighted to be appointed as sole selling agents for this exciting business opportunity now on the market for the first time.
The business has been developed organically by the current owner over a 33 year period and in that time the business has established a first class reputation in the region for supplying good quality equipment time and time again. This consistency as well as its presence in the market has been a big factor in the company sustaining success for many years. The business is renowned for its excellent levels of service.
A wide range of plant & machinery are available for hire, most of which is from leading manufacturers such as Hilti and DeWalt. The majority of revenues are attributed to power tool hire(circa 80%). The remaining 20% comes via repairs, maintenance and sales. The company also has a large stock of scaffolding, which it also hires out on a regular basis. The knowledgeable management team are well placed to offer their experience to customers who need advice and assistance in sourcing the right equipment.
For many customers, this business is the first supplier they call. Relationships with customers go back many years and loyalty is another big factor in why this business has prospered for so long. The customer has some 50 regular trade customers including main contractors, builders and manufacturing companies as well as many more ad-hoc clients.
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Property: |
Freehold |
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Living Accommodation: |
No |
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The business advertises within Yellow Pages (inc Yell.Com) and various phone directories, but does very little else, preferring to rely on word of mouth recommendations, repeat business and referrals to generate business. It would certainly benefit from further marketing activity, not least through the development of a website. |
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There are several opportunities to expand the business. The business does not proactively chase business and it is understood that more external sales initiatives and a more strategic sales and marketing push would certainly increase revenues still further. There is room to expand the main freehold site and expand the range of equipment as well as increase the sale of accessories, spares and complimentary products. |
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The vendor is happy to provide a comprehensive handover programme to ensure continuity of trading. He would also consider staying on as an employee should a new vendor so require, subject to separate negotiation. |
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The vendor feels he has taken the business as far as his own management capability allows and believes it would be better placed with a new injection of energy and initiatives from a new owner to take it through its next period of growth. He would also like to consider a change of career. |
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Is this a home-based business? |
No |
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Can this business be relocated? |
No |
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Is this business part of a franchise? |
No |
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Monday – Friday: 0800-1700
Saturday: 0830-1200
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This is a family run operation, however only one of the directors is actively involved in the business. He is MD and involved in the day to day running of the company. The business employs the following personnel who are real assets of the company
• 2 Full Time Depot Managers
• 1 Full Time Secretary
• 2 Full Drivers
• 1 Part Time Repairs Engineer |
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