| (REF: IL015) Hydraulic Hose & Hydraulic Engineering Parts, Repair & Service Company |
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| Seller Reference: |
IL015 |
| B4S Reference: |
07700 |
| Asking Price: |
£35,000
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| Net Profit: |
Undisclosed |
| Sales Revenue: |
£100,000 |
| Number of Staff: |
Send enquiry for more details. |
| Established For: |
Send enquiry for more details. |
| Ownership: |
Leasehold |
| Location: |
United Kingdom |
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Turner Butler are delighted to be appointed sole selling agents for this family owned and managed business. This truly established business has been trading for some 30 years and in that time has built up a sterling reputation as well as a loyal client base. This is highlighted by the consistent turnover figures the business has enjoyed over recent years.
The company supplies hydraulic hose and hydraulic engineering parts (filters, spare parts, seals, lubricants etc) to in the main the trade. As well as this it also provides a repair and maintenance service to customers. The company?s ability to repair and turn round critical repairs quickly translates to minimalisation of down time for vital and expensive to operate machinery. At present 70 % of turnover comes from parts sales with the remaining 30% being attributed to repair, maintenance and service.
The company has huge development potential for a new owner as it has a very broad customer base, both public and private sector.
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Property: |
Leasehold |
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Lease Terms: |
The premises are rented. It is understood a new lease would be made available to a new owner. Current rent is circa ?12,500 p.a. Rates are ?4580 p.a. The business is ideally located on a well known industrial estate close to the town centre. It has good accessibility and parking outside for customers. The ground floor is circa 3000 square feet. There is also a mezzanine where the offices are located (circa 450 square feet). The warehouse is fully racked out.
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Current Rent: |
Current rent is circa £12,500 p.a. Rates are £4580 p.a. |
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Living Accommodation: |
No |
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A large percentage of new clients derive from word of mouth recommendations, which is further testimony of the excellent reputation the business has earned since inception.
The business has used limited advertising in the past and there are excellent opportunities to increase this and market the business more aggressively, either through traditional means or via the internet. Investment in a company website could ultimately generate further business.
The business currently advertises in The Yellow Pages and Thomsons Local. |
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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 business has never employed sales people. Because of this its existing client base is ripe for future development.
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The current owners would be happy to provide full training and support at handover. They would also consider staying on for a prolonged period of time if so required by a new owner, subject to negotiation. |
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This is a genuine retirement sale. |
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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: 0830-1700
Saturday: 0830-1230
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As already mentioned this is a family run business. The husband is responsible for all technical aspects of the business including repair whilst the wife is the office manager. Both are full time within the business. The business also has a full time trade counter sales person and a part time administrator (2 days a week). |
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