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BUSINESS REFERENCE : IP006 / RightBiz SPECIALIST CRANE & LIFTING EQUIPMENT COMPANY | | | | | | Specialist Crane & Lifting Equipment Company Testing, Certification, Maintenance, Service & Repair ISO 9001:2000 Confidentially offered for sale Ref No: IP006 Location: Scotland (Fully relocatable) Asking price: £90,000 plus assets | | | BUSINESS LOCATION: | Undisclosed Relocatable UNITED KINGDOM | | BUSINESS SECTOR: | Services | | TRADE TYPE: | Removals & Storage | | SALE: | Agent Sale | LEASEHOLD: | £90000 | | | | | | | | | | | BUSINESS DETAILS: | Business Profile:
This business was founded over 37 years ago and has been under the current vendor’s stewardship since 1994. In that time the business has built up an enviable name in the industry for the quality and variety of the services and solutions it can supply based on identifying and understanding the customer’s needs, both technically and practically.
The company serves the crane and lifting equipment market by providing a comprehensive range of parts and services designed to make lifting safer. Customers include operators of mobile, crawler, electric overhead, marine and lorry loader cranes. Services offered include:
· Thorough examination and testing of cranes, fork trucks and lifting tackle
· Certification of lifting equipment to comply with HSE & Merchant Shipping PUWER and LOLER Regulations
· Crane refurbishment & repair
· Contract maintenance and repair
· Installation and calibration of Rated Capacity Indicators
· Supply of spare parts and lifting tackle
· Crane surveys prior to purchase
· Guidance on the regulations and codes of practice including British Standards.
All works the company carries out comply with quality assurance procedures to the ISO9001:2000 standard. The business has built up an enviable reputation for offering the widest range of comprehensive services to the market with a pool of expertise and knowledge that sets it aside in the industry. Because of this it has limited competition.
The only reason that this opportunity has arisen is due to the fact that the current owner is now looking to retire. This represents an ideal investment opportunity for a new owner to take on a very well established and respected business with excellent revenue streams and a strong loyal client base for a very affordable price.
Equipment:
The business has 3 vans and a mobile crane for use in and around the yard. This plant and all associated tools and test equipment (approx value £10,000) are not included within the asking price.
The business also owns 100 Tonnes of Test Weights which are required to fulfil contracts which include load testing. These would be made available to a new owner. Current value is circa £75,000. These items are NOT included in the current asking price.
Customer Service:
The business considers simply that satisfied customers come back and on this basis has maintained levels of product and service quality intended to best guarantee this satisfaction. This is done by not only providing superb levels of service but by providing detailed and comprehensive servicing and repair services. This ensures the client can rest assured that their equipment is functional and meets all the necessary criteria in relation to current Health and Safety legislation including L.O.L.E.R. (Lifting Operations and Lifting Equipment Regulations) and P.U.W.E.R.(Provision and Use of Work Equipment Regulations). This level of customer service is further supported by the ISO9001:2000 accreditation the business enjoys.
Key Strengths:
The company has earned an outstanding reputation for its honesty, service, knowledge and reliability. These factors all combine to ensure the client gets the correct advice and services to carry out their own work effectively and to the current regulations with regards health and safety. In today’s climate this level of service and consistency truly sets this business apart.
Growth and Expansion:
The current market for this business continues to improve due to continuing major sales by major manufacturers, throughout the UK, of cranes and lifting equipment. This is further supported with the introduction of more and more legislation in regard to health and safety at work. The business is very well positioned to take maximum advantage of this growth as it occurs, especially with regards to certification services and ongoing and preventative maintenance which has grown year on year since 2002.
The current owner also believes there is room for further expansion in the business by further developing the sales and marketing activity as most of the sales to date are reactive rather than proactive. The business to date has had no external sales force and does very little advertising. With a small investment in this side of the business it is expected sales revenues would considerably increase by expanding its presence further afield, especially into England as the sectors it can serve are many including Railways, Marine, Construction, Plant Hire, Aquaculture and Mineral Extraction to name but a few.
Key Opportunities:
This business maintains an extensive base of satisfied customers many of whom have huge potential for further sales. There are many excellent avenues for growth, especially with investment in marketing to both the existing client database as well as new customers including advertising and as yet unexploited internet opportunities, (the business is just updating its own website!).
This is a superb opportunity to build on the existing business levels, customer base and infrastructure of this company. With a strong and growing demand for this business's products and services, a new owner contributing fresh ideas and energy will have every advantage of taking the business through its next period of sustained growth. A new location would certainly make the business more accessible and enable it to fully develop its existing bank of clients and all the opportunities that they represent.
Employees:
The current owner works full time in the business alongside the following members of staff.
· Full Time Technical Services/ Parts Manager
· Full Time Service Manager
· Two Full Time Engineers
· Office Administrator (4 days a week)
The vendors wife also works part-time within the business carrying out database management and administrative duties.
All staff are very experienced and a real asset of the business.
Advertising and Marketing:
A high proportion of the business's revenue has been due to its excellent reputation for quality and service and strong word of mouth recommendation.
In addition to this the business advertises within several of the trade directories as well as Yell.com, Kellys and Applegate. There are excellent opportunities to increase this and the business is currently in the process of developing a more interactive internet presence and website so as to enable online enquiries as well as to market the business more aggressively.
Premises:
The business currently operates from rented premises. The site is approximately half an acre and has perimeter fencing. The buildings comprise two portacabin offices and one further prefabricated workshop as well as several containers for storage. The site is close to the town centre. Current rent is £500 a month. Rates are circa £1800 per annum.
Business Hours:
Monday to Friday: 0800-1700
Weekend work when required by clients
Security:
The site is secure with good perimeter fencing, gated entrance and sensory security lighting.
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.
Turnover for last financial year was £285,000. Gross Profits were £129,000. The asking price includes 3 vans and a mobile yard crane, these are valued at circa £10,000 and are available as part of the sale. The asking price does NOT include the 100 Tonne Test Weights (circa £75,000). The business has a good growth pattern and the market outlook is very good.
Reason for Sale:
The business is for sale as a result of the vendors wish to retire.
Support and Training
The current owner will provide all necessary training and handover to allow continuity of trading | | | | | | FOR SALE | | | | | SELLER: | TURNER BUTLER | | CONTACT: | 01895 25 6000 | | REFERENCE: | IP006 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
