Speedy Skip Hire Ltd & Scrap Merchant Business For Sale

Business description

Skip Hire, Scrap Merchant and End of life vehicles (ELV) recycling centre

This business was founded in 1985 by the Vendor and has established itself as the Skip Hire company of choice on the North East Coast of Scotland. The business operates from a prime location in Thurso and is the sole operator for Skip Hire in the area, with all competitors falling by the wayside over the years. Many current customers have been loyal to the business since the very beginning and this has been due in no small part to the business’s competitive prices and first class service.

The business has always believed in staying competitive, purchasing new equipment, constantly reviewing and updating its service commitment and its methods of operation, for example the substantial ‘end of life vehicle’ car baler which enabled the business to tap into the highly lucrative vehicle scrappage market in conjunction with new UK and European legislation.
The business has shown itself to be resilient over its 25 years of trading and has maintained a strong market share. No small part in the ability of this business to grow and sustain its profitability is due to the quality of its people. The business has a strong commitment to the development and welfare of its staff; which has contributed, alongside investment in equipment, to the excellent profitability of the business and its current position as it is poised to exploit expected and significant new growth in turnover.

Customer Service:

The business manages several hundred customers in any normal week and has the systems, processes and people to ensure that both productivity and customers’ orders are satisfied. The most important aspect of customer management and satisfaction considered by the business is honesty and is responsible for the business retaining many customers and the reputation for which has led to the acquisition of many new customers.

High quality service, with flexibility, honesty, reliability and good value, every order request is important and customers always come first. The result is self evident in the business’s sustained level of repeat business.

Key Strengths:

The business is well established and very profitable, with a loyal and growing customer base, retaining a high level of repeat business, particularly among a number of customers returning on a regular basis and having done so for many years.
The company has earned an outstanding reputation for its professionalism, service, reliability, flexibility, efficient order fulfilment and a willingness to help.

Growth and Expansion:

The forthcoming development plans for the North Coast of Scotland will bring substantial work to the area and the demand for Speedy Skip Hires’ services will hit new heights. The business is well positioned to take maximum advantage of this growth as it occurs.

Key Opportunities:

This is an outstanding opportunity to build on the existing services and customer base of this company. With a strong demand for 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.

This firm maintains an extensive base of satisfied customers, who appreciate the company’s services. There are many excellent avenues for growth, especially with marketing investment and forecasts which are showing early trends for growth and development.

Financial Information:

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 is financially stable with no borrowings, low overheads, positive cash flow, high gross and high net profit and has shown consistent high growth over 25 years trading.

Sales revenue is circa £320,000 per annum and the vendor feels that with investment in sales and marketing combined with the expected increase in market demand the business could dramatically increase its revenues.

Property information

Location:

The business is located in an easily accessible area in Thurso and operates from a freehold industrial unit and yard, including administrative offices, waste storage and indoor work space, all secured by substantial perimeter fencing.

Business Operation

Expansion potential:

The forthcoming development plans for the North Coast of Scotland will bring substantial work to the area and the demand for Speedy Skip Hires’ services will hit new heights. The business is well positioned to take maximum advantage of this growth as it occurs.

Competition / Market:

The business has used limited advertising in the past and there are excellent opportunities to increase this and market the business more aggressively to significantly increase turnover. 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.

Reasons for selling:

The business is for sale as a result of the vendors’ wish to retire.

Employees:

The business currently employs the founder, one office manager/book keeper and one full time operative.

Years established:

1985

Other information

Support & training:

The current owner will provide all necessary training and all relevant contacts to allow continuity of trading.