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Long Established New and Used Forklift Truck Hire Business East Anglia

Undisclosed, Undisclosed
Leasehold Price:
£595,000
Status
FOR SALE
Advert ID
252085
Reference
IP019 / Rightbiz

Long Established New and Used Forklift Truck Hire Business
Ref. IP019
Location : East Anglia
Asking Price : £595,000 plus SAV

Turner Butler has been appointed to invite offers for the goodwill and assets of this very long time established business specialising in new and used fork lift truck hire.

Business Profile

The business was established in 1981 and boasts an extensive customer base of both local and national companies.
They offer a wide range of new and used forklift trucks that are available to purchase or hire. They import and export forklifts to suit their customer needs. Servicing and repairs are offered and their engineers are trained to certified Pyroban standards.

They supply a variety of models including Caterpillar, Yale, BT and Artisan. Side loader trucks, new hand and power pallet trucks and stacker trucks are also offered for sale.

Customer Service:

Client satisfaction is paramount. This is borne out by very long standing relationships with a loyal and trusting customer base.

Key strengths:

The business has been trading for nearly forty years and has established excellent manufacturer and supplier relationships. They have a strong and loyal customer base.

Financial Information:

100% of the issued share capital of the company 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 c. £521,000
Gross profit c. £205,000
Adjusted net profit c. £314,000

Asking Price:

The asking price of £595,000 plus SAV (approx. £10,000) is for the goodwill and net assets
(hire fleet) of the business partnership.

Advertising and Marketing:

There is currently a £4,000 annual spend on advertising.

Premises:

The workshop rent and rates are approximately £16,400 per annum.

Employees:

There are two full time employees.

Reason for Sale:

Retirement Sale.

Next steps:

If you are interested in receiving further information, please sign and return the attached Confidentiality Agreement. In returning the Agreement we would be grateful if you could provide us with details of your interest in this opportunity along with your funding position.

Looking for finance ?

If you are looking for finance to fund your business purchase then we recommend that you talk with our independent finance broker. Because of his many years working at a senior level for a major high street bank he has had more success with finance applications than anyone else we know. He has helped numerous purchasers of businesses that we are selling, including buyers who have been turned down by their own bank! Call us today on 0800 046 1652 or email us at finance@turnerbutler.co.uk

Listing Details
Leasehold Price: £595,000
Tenure: Leasehold
Location: Undisclosed, Undisclosed
Sector: Private Hire Businesses, Forklift Businesses
Financials
Annual Turnover: £521,000
Annual Net Profit: £112,000
Key Features
  • Retirement Sale
  • Attractive Business
  • Company for Sale
  • Established Business
Contact Agent
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Agent Name: Upgrade to view
Advert Reference: IP019 / Rightbiz
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