Sales Leasing Repair Of Fork Lift Trucks Business For Sale

Business description

Sales, Leasing,and Repair of Fork Lift Trucks

Established in the mid 1980’s, this business has grown to become one of the leading independent fork-lift truck services companies in the South East of England. Operating from low cost premises, this business specialises in the hire, lease, sale, service and repair of fork lift trucks - any make, any model – serving a wide range of customers throughout the UK but predominantly located within the southern home counties.

Although this business sells trucks – working with all of the major dealerships, the vast majority of its turnover is in hire, service and maintenance. It can boast a very loyal, longstanding customer base of approximately fifty companies, for many of which it operates in a preferred supplier capacity. As well as working on customers’ own trucks following breakdown or for servicing, the hire packages this business offers are all inclusive of service and maintenance. Having originally acquired new models as part of its ‘fleet’, the focus more recently has been towards good used models that haven’t worked too hard which represent excellent value in the current market.

Competitive pricing combined with very high levels of customer service – this business is on call twenty four hours a day, seven days per week - have been major factors in the growth of this business. All trucks supplied have the backing of experienced mobile engineers who carry out planned maintenance and repairs to all makes of truck.

With the wealth of experience this business has of the range of trucks available on the market, together with its enviable relationships with the major manufacturers this business is well equipped to advise and supply the best machines available to meet Client needs, with any make or model configured to meet a precise specification of reach, height and capacity. This business has trucks in some of the most demanding applications possible but by listening to its customers requirements, it ensures that whatever machine is supplied it can cope with whatever is put in front of it.

With projected turnover of approximately £470,000 for the financial year ending December 2009 generating pre-tax net operating profits of almost £315,000, this represents an excellent opportunity for an existing operator within the fork lift truck services sector to extend their market share by acquiring a very well established, highly profitable business with an excellent reputation for customer service.

Key strengths:

This is a very well organised business with an excellent reputation throughout the industry. It has demonstrated a consistent performance throughout its many years of operation.

With the vast majority of its turnover in the Southern Home Counties, this business operates with a very small team. As a small company the business is perceived by all of its customers as being friendly, approachable and flexible and offering a prompt and reliable service with any problems, on the rare occasions they occur, resolved quickly and efficiently.

Over the many years of its operation this business has established an enviable reputation for competitive pricing, high levels of pre and after sales service and customer care. Consequently this business can boast a solid customer base with high levels of repeat custom.

Key opportunities:

There is an outstanding opportunity to build on the existing services and customer base of this company. With a strong demand for its products and services combined with a capacity to increase turnover, a new owner contributing fresh ideas and investment in resources will have every advantage of building on an excellent platform.

The maximum benefit from an acquisition of this business will accrue to an existing operator within the fork lift truck services sector by maximising economies of scale and absorbing the customer base and its service and maintenance requirements within its existing infrastructure.

Customer Service:

The business considers that happy customers come back and on that simple basis has maintained levels of product and service quality intended to best guarantee that happiness. The results of this commitment are evident in the degree of repeat custom this business enjoys and the excellent reputation this business has throughout the industry.

Financial profile:
The business is offered for sale as a going concern. All financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.

The business is financially stable with no borrowings, low overheads, very positive cash flow, high gross and high net profits and has shown a consistent performance over its many years of trading.

Projected turnover for the financial year ending December 2009 is expected to reach approximately £470,000 generating a gross profit of approximately £370,000 and pre-tax net operating profits of almost £315,000. The Asking Price of £995,000 is for a sale of the shares in the business.

Property information

Location:

The business operates from a Home office environment and as such will need to be re-located.

Other information

Competition / Market:

This business has a constant presence in the editions of Yellow Pages that cover its main areas of operation as well as featuring on yell.com. It has a simple, well designed, easy to navigate web-site which performs well in all the major search engines for all the appropriate search topics. There is no doubt however that a high proportion of the business's revenue has been due to its excellent reputation for quality and service and strong word of mouth recommendation generating high levels of first time enquiries and significant repeat custom.

Support & training:

The current owner will provide all necessary training and all relevant contacts to ensure a smooth transfer of the business to new Owners.

Reasons for selling:

This is a genuine retirement sale.