Light Commercial Van & Car Hire | | Undisclosed Norfolk | | NORFOLK LIGHT COMMERCIAL & CAR HIRE & SALES -est 25 yrs Located in busy industrial estate outside main town Fleet of 8 vans & 4 cars for hire plus vehicle sales Vehicle workshop for maintenance W/T: £2,000 GP: 60% Scope for commercial contracts & in houe maintenance of fleet L/H: £160,000 Inc vehicles REF: 9490NR | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 44528
ADVERT IMPRESSIONS : 28,737 TIME(S) | | | | BUSINESS SECTOR: | Motor & Transport | | TRADE TYPE: | Car & Van Hire | | SALE: | Agent Sale | LEASEHOLD: | £160000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | LOCATION
This thriving and well established business, with an excellent reputation locally is based on a busy industrial estate on the outskirts of the market town of North Walsham in Norfolk. The estate supports a large number of small and medium sized businesses.
The town of North Walsham (population 12, 000) lies some 12 miles to the north east of Norwich which is accessed via the main A140 trunk road. It is just a few miles from the Norfolk Broads, which draws a significant influx of tourists, especially during the summer months. The coastal resorts of Cromer and Sheringham are less than 10 miles to the north west, again attracting large numbers of visitors. North Walsham has a rail station, which links the town with Norwich and Cromer and is an important local agricultural centre.
THE BUSINESS
Advent Business Sales are delighted to offer for sale this respected vehicle hire and car sales business.
The company can trace its origins back some 25 years, and the business has been developed significantly over the past 5 years in the hands of the current vendor. It is being sold at this point as he wishes to pursue alternative business interests in London.
The company brand is extremely strong locally.
All vehicles included in the asking price
The vehicle fleet fluctuates but currently comprises 10 vans as follows, included within the sale price:
• 55 Plate Transit SWB Van
• 55 Plate Transit LWB Van
• 3 x 57 Plate Iveco Daily MWB Van
• 2 x 55 Plate Iveco LWB van
• 55 Plate Mercedes Sprinter Luton Box Van with Tail Lift
• 55 Plate Iveco Daily Luton Box Van with Tail Lift
• 54 Plate Iveco Daily Luton Box Van with Tail Lift
In addition, the following cars are on the fleet:
• 09 Plate Fiat Panda 1.2 5 Door
• 07 Fiat Multiplu 6 Seater
• 07 Plate Citroen C2 3 Door
• 06 Citroen Piccaso 5 Door
• 06 Plate Skoda Octavia 5 Door
• 06 Kia Seconda 7 seater
Most vehicle rentals are undertaken by locals, but with additional trade from tourists during the summer.
There is very limited independent competition locally and the larger national rental fleets tend to occupy a different sector of the market.
The business is currently run by a manager, assisted by a full time staff member along with a part time book keeper.
There is an excellent web site included within the consideration price.
In addition to the core vehicle rental business, car and van sales are undertaken providing an additional income stream for the business.
There is a fully equipped vehicle workshop, allowing vehicle maintenance.
REF:9490NR
TRADING HOURS
Mon – Fri: 8.00am – 5.30pm
Sat- Sun: 8.00am – 5.00pm
EXPANSION POTENTIAL
• Website development
• Commercial contracts
• In house maintenance of fleet
• Advertising and additional marketing
• Workshop facility currently underutilised
FINANCIAL INFORMATION
We have been advised by the vendor of the following:
Annual sales: £100,000
Gross Profit: 30%
Accounts will be made available to interested parties after a viewing has taken place.
Please let us know if you require finance for the purchase of a business.
BUSINESS PREMISES
Office building, separate 2 bay workshop and yard with parking for entire vehicle fleet.
Ground Floor
• Office with WC
• 2 bay workshop with: 4 post lift, compressor and sundry tools
TENURE: Leasehold
Original lease: 5 years
Remaining lease: 5 years
Review every: 5 years
Rent: £550 per month
We are advised that the annual business rates are currently: TBC
DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967). | | | | | | FOR SALE | | | | | REFERENCE: | 9490NR / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
