Business description

HIGHLY PROFITABLE PLANT HIRE COMPANY Very well established Ltd company who hire air conditioning units, de-humidifiers, and heaters primarily to business customers. The air conditioning side now accounts for approximately 75% of the business. The vendor covers an area of approximately 15 to 20 mile radius with 90% of the units being delivered and collected. Advertising is carried out via three web sites and most customers are gained by word of mouth recommendation. All plant stock is regularly maintained and kept in 1st class condition. TENURE: Leasehold Equipment: Large range of air conditioning, de-humidifier and heating units with an estimated value of £100,000. Rate: Rates payable of approximately £2,500 pa. Potential: The vendor has not advertised for the past four years and there is obvious potential to move the business onto the next level. Turnover: Accounts show a turnover in excess of £200,000 for the last financial year with a net profit of over £125,000.

Property information

Property:

Leasehold

Lease terms:

Tenure: The warehouse is at present on a 3 month agreement with current rent of £7,500 pa, however we are informed a new lease is available if required but it would be expected to be subject to rent increase.

Location:

Property: Warehouse with office and two containers.

Other information

Reasons for selling:

Family is moving.

Trading hours:

8.00am to 5.00pm Monday to Friday.