Car And Van Hire Business For Sale In Tyne And Wear | | Undisclosed Tyne and Wear | | Very profitable Car and Van Hire Business For Sale in Tyne and Wear. The business is run out of a leasehold unit but could be relocated within the locality if required. | | ADVERT NUMBER : 72416
ADVERT IMPRESSIONS : 12,583 TIME(S) | | | | BUSINESS SECTOR: | Motor & Transport | | TRADE TYPE: | Car & Van Hire | | SALE: | Agent Sale | LEASEHOLD: | £120000 | | | | | BUSINESS DETAILS: | LOCATION
Due to the confidential nature of this sale we are unable to pin point the whereabouts of the business. Further details will be available upon request.
The business is currently based within an industrial estate on the outskirts of a very busy and densely populated city in the North of England.
LEASEHOLD PROPERTY
The business occupies a leasehold premises. It is possible to run this business from an alternative location and therefore taking over the lease is optional.
The premises is a typical single storey industrial unit of steel framed construction with a concrete floor. There is an office and large workshop. In total we believe the property to be approximately 228sqm (2454sqft).
THE BUSINESS
A great opportunity to take over an already successful business and with the real possibility of recouping the original investment in less than 2 years.
There is a big market for this type of business and whilst competition may be strong buying an existing, successful business such as this one will certainly give the purchaser a huge head start.
There are a range of cars and vans which are all leased and replaced on a 6 month cycle which keeps the fleet fresh and company car drivers happy.
We understand that around 80% of the business is corporate whilst the remaining 20% is retail.
Full details of contracts and clients will be part of the purchase.
The company has been trading for 4 years and is therefore well established.
TRADING INFORMATION
Turnover for the year ended May 2011 was £431,943
and whilst turnover on ordinary activity was £31,071
the realistic adjusted net profit was more like £57,000.
7 months figures from June 2011 to December 2011 show turnover and net profit figures already higher than the full 2010 to 2011 period, growth, therefore is very apparent.
TENURE
Leasehold. The premises have approximately 2.5 years remaining on the lease (as at Jan 2012) at a current rent of £13,000pa.
STAFF
The business is managed by our client with the assistance of 3 full time members of staff.
LEGAL COSTS
Each party will bear their own costs whilst the Landlords reasonable legal expenses are to be borne by the purchaser.
FIXTURES & FITTINGS
We are advised by our client that all of the trade fixtures and fittings are owned outright (unless stated otherwise) and will therefore be included in the sale subject to inventory where applicable.
VAT
All figures stated are exclusive of VAT unless otherwise stated. VAT may be applicable.
COMMERCIAL FINANCE
The commercial market is a challenging environment and getting the right commercial finance package can be a challenge. We have working relationships with many lenders including high street banks and specialist lenders.
Call 0191 280 3285 for more details
REF RCL 186
Details prepared 24th January 2012 | | | | | | SOLD or WITHDRAWN FROM MARKET | | | | | | | | | | | |
