Hire & Repair Of Cranes In Halifax For Sale

Business description

Sales, Hire & Repair of Cranes plus other Major Lifting Equipment, Fabrication Work, Testing & Certification

This is a well established business that specialises in the sale and hire of high quality lifting equipment, plus fabricating work that has included heavy duty security gates, signage, structural steel work and building fabrication. The company also has testing, inspection and certification of all types of lifting equipment, have the ability to build cranes and steelwork and have worked with their customers providing training on safe working practices. Recently, after numerous enquiries, they have expanded their services into tool hire which has proved immediately to be a popular addition.

The company has a large inventory of equipment and machinery for hire and pride themselves on carrying “tackle to lift anything”, from lifting tackle, jacking & hydraulic equipment, to moving & handling tackle. On the tool hire side of the business they have cement mixers, generators, power tools, shredders and mowers.

The company is the main distributor for a major International manufacturer of power products which includes compressors, air tools, generators, diagnostic equipment and power tools, and they have a full 196 page catalogue of items for customers to choose from.

This is a well run all year round business that would ideally suit an individual or a company that has mechanical knowledge. The business is currently run by the vendor who is “hands on”and enjoys both the manual work and the mechanical side of the business.

Key Strengths:

• Well established with good name and reputation – 17 years
• Multiple income streams from sales & hire of equipment and fabricating work
• Large inventory of hire equipment and fabricating equipment
• Little local competition
• Regular repeat customers
• Leasehold premises
• Low overheads
• Profitable company

Financial profile:

The business 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.

The business has a Turnover of circa £157,000 per annum with Net profits of circa £27,000 per annum. There are assets of circa £160,000.

Property information

Property:

Leasehold

Lease terms:

There is no lease contract in place and the vendor pays circa £1,000 per month with rates payable of circa £4,477 per annum.

Location:

The company runs from a circa 3,000 square feet industrial unit with trade counter, office, workshop with three phase electricity and storage area. There is also a mezzanine floor which is used as a further storage area. There is no lease contract in place and the vendor pays circa £1,000 per month with rates payable of circa £4,477 per annum.

Business Operation

Expansion potential:

The company is extremely competitive and there is room to increase their prices without affecting their competitive edge. There is also the opportunity to widen their customer base by implementing a marketing campaign to increase turnover and profits.

The recent expansion in to tool hire is something that has proved popular with their customers without any advertising. This is an area where the company can certainly increase sales without too much investment capital needed.

Reasons for selling:

The vendor would now like to sell the business because of ill health.

Employees:

The business is operated by the owner and a part time self-employed worker.

Years established:

1994

Other information

Support & training:

The vendor would be happy to help with a smooth transfer of the business in any way possible.