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CONFIDENTIAL SALE
FOR SALE
08/05/24
611038
HR01-ABS / Rightbiz
Asking. Ā£170,000 inclusive of tools and equipment circa Ā£70,000
Turnover for last financial year: circa Ā£231,000
Gross Profit for last financial year: circa Ā£172,000
Business Description:
The business is an independent company committed to providing its customers with a personal, friendly, and local service. This is a unique opportunity to acquire a well-known, local, and independent, Tool, Plant & Equipment Hire Business with huge scope for growth by increasing the product range, expanding delivery area and advertising.
The company operates locally (within 15 miles radius) and has been at the forefront of renting quality tool, plant and equipment to the local trade and DIY markets.
Originally established in 1985, the core business is hire of tools, equipment, and plant to Do It Yourself (DIY) and trade customers.
The business predominantly serves the DIY market (circa 75%), which means they are not reliant on just a few trade customers. Main benefits of this are ā
1. The business has a monopoly in the area of tool, plant and equipment hire with literally no competition ā the nearest Tool, Plant and Equipment Hire shop is 20 minutes away. People donāt want a three-quarter hour round trip to hire something.
2. Maidenhead is a commuter town with train services to/from London every 15 minutes, with fast trains to Paddington taking just 20 minutes. So huge growth is expected.
3. Growing market ā driven by Cross Rail/Elizabeth Line, over 6,600 new flats and homes have been built or granted planning consent locally. The golf course development alone will see up to 2,000 new homes being constructed in 2025. Thereās little or no space in most flats or apartments to store anything, even a step ladder, so hire is the only option.
4. This business is part of the ācircular economyā where sustainability is a priority. There is a growing trend to āhire - not buyā, especially amongst the environmentally conscious younger generation and professionals.
5. With its nearly 40-year history, the business enjoys a great reputation and there is significant repeat business. from a loyal client base.
The 7 reasons why you should buy this Tool, Plant & Equipment Hire Business.
Ā· Little or no local competition.
Ā· Long standing trading relationships with all major suppliers
Ā· Full range of tools and equipment for most trade and DIY customers
Ā· Superb Up to date website with full eCommerce and online ordering
Ā· A long-established company with loyal customers and significant repeat business
Ā· A Top-Quality Tool, Plant & Equipment Hire business with huge potential.
Ā· All systems and processes are in place including asset management and accounts software.
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring Ā£1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring Ā£1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Get Solicitor
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