Forklift Sales, Hire and Service Business in West Midlands Available for Sale
Undisclosed, West Midlands
- Status
FOR SALE
- Advert ID
635776
- Reference
M36316V / Rightbiz
- Call Agent:
- Freehold: £570,000
- Asking Price: £140,000
- Turnover: £1,280,000 (£24,615 per week)
- Profit: Not Applicable
Business Details
Forklift Sales, Hire & Service Business Midlands
Key Features:
- Trading around 50 years
- Strong dealership relationships
- Diverse and repeat client base
- Prime location with excellent road access
- Growth opportunities in online sales
This materials handling business, established for around 50 years, focuses on forklift trucks, offering sales, hire, servicing, and repair of new and used models. Turnover sits at over £1.2 million with a gross profit margin of around 30%. The business operates with a team of 10 full-time staff plus vendors, and the current managing director is prepared to assist with the transition to new ownership, providing a smooth handover process.
Situated in The Midlands, the premises provide ample workspace, including office areas, a warehouse, and storage sections. The location offers excellent road access and visibility, supporting operations in the industrial, warehousing, and logistics sectors. The business is currently leasehold with an annual rent of £29,950, and there are renewal rights under the Landlord and Tenant Act. There is also an option to purchase the freehold separately.
Trading hours are Monday to Friday, 08:00 to 17:00, with potential for growth through extended hours and online sales. This profitable business benefits from strong supplier relationships and a diverse client base. Interested parties should consider the financial stability and established market presence when evaluating this opportunity.
Established materials handling specialist since 1976
Strong supplier relationships across leading forklift brands
Diverse client base across industrial and logistics sectors
Prominent location with excellent road access
Profitable business with a 30% gross profit margin
Leasehold with renewal rights; option to purchase freehold
Skilled team of 10 full-time staff
Growth potential in online sales and extended trading hours
Full share purchase offers c.£140,000 Net Current Assets ( Freehold optional) | Business Ref: M36316V
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VIEWING STRICTLY BY PRIOR APPOINTMENT THROUGH THE SELLING AGENTS EVERETT MASSON AND FURBY 01782 711022.
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Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
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Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
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Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
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Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
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