Tool And Plant Hire And Sales for Sale
Leasehold : £ 175,000
Turnover : £ 6,500 p.w.
Gross Profit : 50%
Located on a busy industrial estate.
Secure leasehold premises with trade counter, storage and good access for loading/unloading.
9% Growth, sales £341,000. This is the sale of a London based company providing sales and hire of tools, equipment and consumables to a range of customers in construction, manufacture and services.
The company has been established since 1995 and is run by a staff/management team of 3 and overseen by the Managing Director who is approaching retirement and only works part-time for a couple of days per week.
Hire equipment includes ladders and staging, power tools, transformers, heaters, garden/landscaping machinery, sanders, staplers, air conditioners, welders, PPE kit and so on. This is not an exhaustive list and the company can cater for the needs of a wide range of regular and irregular hire requirements.
The split of sales:hire is reckoned to be around 50:50 by turnover. Most sales are on an account basis to a regular customer base. Consumables are also offered and these can include fixings, screws, cutting/grinding discs, cleaning chemicals, paper towels and toilet rolls. The emphasis is on service and fast delivery. The business also offers PAT Testing and tool repair and servicing.
The company is having a successful year, already showing growth of 9% over 2014 but the MD now wishes to retire fully and hand the business over to an acquirer with fresh ideas and impetus. He is very willing to provide a detailed handover and is worth noting that the company has a capable manager who does not require close day-to-day supervision.
There is a strong balance sheet and a good quality, well-maintained hire fleet included in the sale.
Enquiries and offers to acquire the company are invited. Please get in touch or download, complete and return the NDA.