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SOLD OR WITHDRAWN FROM THE MARKET
Advert pending deletion

Lincolnshire Vehicle Hire and Sales Business £135,000 ono

Spalding, Lincolnshire
Leasehold Price:
Offers Invited
Status
SOLD / WITHDRAWN
Advert ID
237328

Lincolnshire Vehicle Hire and Sales Business.

The business was set up by the vendor’s family more than 70 years ago and has earned a solid reputation for the quality of its standard of service.

The family business, which has enjoyed excellent growth, has two strands; hire and sales.

Turnover has grown steadily and the business is profitable; the owners are selling due to retirement.

This opportunity could suit a local company that might be looking to add on something special to its regular operations, or someone wanting to run it in a similar way to the current owners, as a standalone business.

The operation has numerous business clients, many of whom are regulars. These tend to be individuals and companies that hire on short-term leases or on short daily/weekly agreements.

On top of this, the business has always been active with the sale of nearly-new commercial vehicles.

The business is based at a secure, leased site in Lincolnshire, with easy access to the city centre and airport. The vehicles are stored here, as well as cleaned and prepared for hires. There is ample office space on the premises too.

Maintenance is carried out by a highly trusted and reliable firm in nearby offices. We also have other longstanding suppliers in place.

The business keeps staffing costs low. The vendor is keen to ensure the business is transferred to new ownership in a smooth and successful way.

Net assets included in the sale include various vehicles and office equipment. (TBC approx. 40,000)

Property information

Property:

Leasehold

Lease Terms:

The lease is officially on a two-month rolling basis with a private landlord. The vendor is confident of obtaining a longer lease before sale if the prospective buyer prefers.

Leasehold Rent:

£10,000 per annum Inc. VAT

Location:

Secure site a few miles from town centre.

Premises Details:

Ample storage space and adjoining office.

Expansion Potential:

The business could be readily scaled up within Lincolnshire and/or in other areas of the East Midlands and the UK. In Lincolnshire, strong demand has been evident in Spalding, in particular. The vehicles and brand/website could easily be transferable to other regions of UK, e.g. to rebrand/expand a similar business that is already established. If the buyer wants to stay in Lincolnshire, there is plenty of potential for new business and a greater concentration on vehicle sales.

Reasons for selling:

RETIREMENT SALE

Trading hours:

Variable hours with most hires carried out Monday to Saturday daytime and occasional hires on Sundays. Bookings/enquiries/administration variable hours can be run remotely.

Employees:

By Negotiation

 

Years established:

70 years

Support & training:

Full training/shadowing would be offered to a prospective buyer on how to provide the right level of service in all areas. This could be for one to two weeks, as required. If a longer or ongoing consultation role is needed, this can be negotiated.

Relocatable:

This business can be run remotely. (Computer software takes care of most elements of administration)

 

 

Vehicle Hire Turnover excess of £150,000 including van sales £500,000 net of VAT

 

Listing Details
Leasehold Price: Offers Invited
Tenure: Leasehold
Location: Spalding, Lincolnshire
Sector: Car Hire Businesses
Financials
Annual Turnover: £500,000
Annual Net Profit: Available upon request
Key Features
  • Established Business
  • Attractive Business
  • Offers Invited
  • Accounts Available
  • Retirement Sale
  • Free of Tie Leasehold
  • With Car Park
  • High Turnover
  • Company for Sale
  • Adjacent to Multiple Retailers
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