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BUSINESS REFERENCE : AO028 / RightBiz PLANT HIRE & EQUIPMENT COMPANY | | | | | | Plant Hire & Equipment Company Confidentially offered for sale Ref No: AO028 Location: Gwent, South Wales Asking Price: £895,000 | | | BUSINESS LOCATION: | Undisclosed Relocatable UNITED KINGDOM | | BUSINESS SECTOR: | Manufacturing | | TRADE TYPE: | Machinery | | SALE: | Agent Sale | LEASEHOLD: | £895000 | | | | | | | | | | | BUSINESS DETAILS: | Business Profile:
This successful and fast growing company was established by its key director in 2003 and specialises in the niche re hire market. They hire plant and equipment to other plant hire operations who may have rented out all their own stock of a certain piece of equipment but have a commitment to supply more. Because of the nature of the business their client base of around one hundred and fifty customers are nearly all located in South Wales.
This area of the market does not demand such a broad range of equipment and the business concentrates on stocking specific items of plant.
Equipment:
Excavators-micro, mini and midi (0.8-8 tons)
Rollers- single and tandem (710-1200mm)
Tracked carriers
Dumpers-skip loading (850-1200kg) and site (3-9 tonnes)
Augers & Hammers-excavator mounted
Air compressors
Pneumatic tools
Customer Service:
The real key to success in this operation is the overall feeling of energy, the desire and ability to provide and the close personal relationships that the clients have with all members of the operation. The equipment is maintained to the highest levels, and any breakdowns or failures are dealt with immediately and without question. The local competition has been unable to compete with the company
Key Strengths:
The management team have a clear understanding of the available market
No one customer accounts for more than ten percent of the turnover.
Strong and active client base including several PLC’s.
Consistent growth
Excellent local demand.
Growth and Expansion:
The only limitation to the turnover of this business is the need to grow the range of available equipment at a pragmatic rate. The business has invested in a significant amount of plant over previous years and this has proved to be a balanced strategy. Further investment in line with demand would see continued expansion.
Employees:
Every position is clearly defined by a job description and individual success is recognised within the company.
One operations director
One service manager
Three fitters
One apprentice
Two drivers
One yard man
Advertising and Marketing:
The business has a well maintained and regularly updated website.
The company does advertise in relevant trade publications. A database of existing and potential customers is used to send out flyers and newsletters and a brochure of all available equipment is used by the sales team.
Premises:
The business is presently reviewing its requirements and may consider relocating within the foreseeable future to accommodate its on going growth.
Financial Information:
The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler. The business continues to grow year on year. 2004/5 saw a turnover of around £530,000 this has consistently improved and in the last twelve months a turnover in the region of £1,000,000 was achieved. Gross profits are circa £700,000. The business is profitable and the balance sheet strengthens month on month as existing purchase agreements come to conclusion. Up to date information will be made available and discussed at the appropriate time.
Reason for Sale:
The managing director would like to retire and see the business continue to thrive under new ownership
Support and Training
There will be a full and seamless handover for a period to be agreed as part of the sales negotiation | | | | | BUSINESS STATUS: | FOR SALE | | | | | SELLER: | TURNER BUTLER | | CONTACT: | 01895 25 6000 | | REFERENCE: | AO028 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
