Retail And Hire Of Small Plant And Tools | | Undisclosed Essex | | RETAIL AND HIRE OF SMALL PLANT AND TOOLS Established plant & tool hire business specialising in small plant & tools Trading from retail premises within an Essex town for the last 29 years Asset value approximately £12,000 Ideal bolt on for existing trade | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 69675
ADVERT IMPRESSIONS : 9,863 TIME(S) | | | | BUSINESS SECTOR: | Miscellaneous | | TRADE TYPE: | Tool Hire & Sales | | SALE: | Agent Sale | LEASEHOLD: | £115000 | ANNUAL RENT: | £14000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | LOCATION
• Shop premises located within a parade of shops on busy arterial road in a suburban town in Essex
• Pavement to front of shop suitable for display of plant and tools
• Free street parking on adjacent roads
• Loading from yard to rear of premises
HISTORY
• Founded by vendors as a tool and plant hire business some 40 years ago
• Trading from existing shop for 29 years
• Reliable repeat customer base nurtured over the period
• Excellent relationship with a range of suppliers forged over many years
REASON FOR SALE
• Retirement, although it is possible that one of the partners would be happy to continue working in the business for a number of years
SERVICES
• Full expert consultation and advice service offered
• Deliveries undertaken where required
CUSTOMERS
• Local builders and tradesmen
• Maintenance companies
• DIY enthusiasts
• Gardeners
SUPPLIERS
• Excellent supplier contacts with 10 main trade wholesalers and manufacturers
• Agents for Bosch and Belle
STAFF
• Operated day to day by the two principals
TRADING HOURS
• Monday to Friday 7.30am to 5.00pm
• Saturday 8am to 1pm
• Sunday closed
PRODUCTS AND SERVICES
• Full range of small tools, plant and accessories for the tradesman and DIY enthusiast for hire or purchase
o Ladders
o Towers
o Steps
o Breakers
o Hammers
o Drills
o Woodworking equipment with wide variety of saws
o Carpet and vacuum cleaners
o Concreting and paving tools and accessories
o Welding equipment
o Sack, stair and pallet trucks
o Pressure washers
o Pumps
o Power flush equipment
o Non mechanical hand tools
o Gardening equipment
o Generators and lighting
o Party and leisure hire
o Heaters and dehumidifiers
o Decorating supplies
o Stage units
• Used sales of plant and equipment
• Protective and safety equipment
• Range of consumable items for the trade
• Flo Gas Stockist
FINANCIALS
Turnover
2011 £182,000
2010 £176,000
• Approximately 80% of business is through cash sales with the remaining 20% on account
• Gross profit margin 67%
• 75% of business relates to (higher margin) hire with 25% through sales and resale of hire stock
• Asset value approximately £12,000
• Stock approximately £16,500
OVERHEADS
Rent £15,000 pa
Rates £3,500 pa
PREMISES
• A traditional lock up shop based within a parade, with workshop and yard
• Pavement area to front allowing display of hire stock
• Retail shop with double window display
• Trade sales counter
• Shop area with racking and shelving appropriate to trade
• Kitchen
• WC
• Workshop
• Large secure store to rear
• Large yard to rear suitable for storage and with LPG store and Portacabin
• Premises are alarmed with CCTV installed
STRENGTHS
• Established name in the locality
• Known on present site many years
• Expert knowledge and advice offered
• Trusted supplier contacts with Bosch agency
• Low overheads
• Minimal asset and stock holding required given specialisation in small plant and tools rather than larger equipment
• Densely populated urban location with high volume of passing traffic
• Solid and reliable financial performance
SCOPE
• Introduction of website
• Business development activity relatively limited at present
• Introduction of additional product lines
• Review of pricing
• Introduction of additional retail locations
TENURE
• Leasehold with new 12 year lease just renewed
• Rent £14,000 per annum with 3 yearly rent reviews
• Rates £3,500 per annum
VIEWINGS
• A non disclosure agreement will have to be signed and returned prior to any further information and viewing.
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: | 1226RM / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
