Easily Run High Gross Profit Tool Hire Business For Sale

Business description

The business was established by the vendor some 27 years ago and specialises in the hire of building, construction, automotive and gardening equipment, including scaffold towers, ladders, cement mixers, wheel barrows, transformers, hand tools, hydraulic engine hoists and rotovators. The business has a wide customer base of local builders, businesses and the general public, with loyal account customers making up a large proportion of the turnover. The business carries a significant inventory of hire stock and provides a delivery and collection service, however the vast majority of hires are made direct from the shop with the hirer collecting and returning. There is very little proactive marketing of the business with much of the custom being achieved by word of mouth recommendation. Advertising is limited to the local Yellow pages directory.

Property information

Property:

Leasehold

Lease terms:

The business currently occupies leased premises at an annual rent of approximately £6,750 (plus VAT) pa.

Leasehold rent:

£6,750 per annum

Location:

The business currently operates from a lock up shop in an East Sussex coastal town (pop c12,000). There are good transport links both inland and along the coast.

Other information

Competition / Market:

As far as we can ascertain there is only one major competitor within the immediate vicinity.

Reasons for selling:

Retirment

Inventory / Stock value:

£50,000 (included in the asking price)

Related documents:

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• Full Sales Details