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Sat, Apr 04 2020 03:46:19 AM  |  /

Long Established New and Used Forklift Truck Hire Business

Business Id:000399     |    Reference: IP019
Price:
£595,000.00
Business Description

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.
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.

 
Business Information
Turnover:£521,000.00 Annually
Profit:£112,000.00 Annually
Is this business relocatable: No
Business Sector: Commercial Vehicle Hire, Crane Hire Businesses
Statistic Information
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Business Profile
Equipment:
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.
Key Opportunities:
Financial performance: 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 The goodwill and assets of the business are 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.
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.
Growth and Expansion:
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Employees: There are two full time employees.
Support and Training:

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