Hire Of Mobile Toilet And Event Facilities For Sale

Business description

HEADLINE SUMMARY

MIDLANDS

HIRE OF MOBILE TOILET AND SUNDRY EVENT FACILITIES

• Established almost 40 years ago
• Incorporated 2008
• Turnover £580,415 (2011)
• EBITDA averaging £213,000 per annum over the last 2 years
• Substantial inventory of facilities for hire (market value over £500,000)
• Price on Application
• Reference: 1277NN

BUSINESS SUMMARY

This consistently successful company has developed an excellent reputation for the supply of standard and luxury toilets for various events, including social gatherings such as weddings and parties, corporate hospitality, prestigious shows and sporting occasions. Trading from its rural base in the Midlands, customers are located throughout the whole of the United Kingdom. A superb inventory of over 30 trailer toilet units along with 50 single service units is maintained to an excellent standard. These units are towed by a fleet of 5 vehicles suitable for various bookings. The farm based premises are extremely spacious and afford ample secure storage and include a large underground waste storage tank, cleaning facilities and office space.

Our client has enjoyed a successful trading history spanning the last 40 years. Over the past decade the focus of the business has been toilet hire with incorporation in 2008. Since this the company has generated very significant and consistent profits with annual increases in turnover being observed. The customer base is well spread with a high repeat rate, cash flow is always positive, and there are a good level of contracted forward bookings which aids planning and organization. In financial terms the profit and loss account is very strong, with a consistently high EBITDA, averaging £213,000 per annum over the last 2 years, a figure ensuring excellent earnings for a new buyer. The draft figures for 2012 are excellent.

Over the last 17 years the company has both consolidated its place within the market place and developed a number of new customers. Overall, the market for mobile toilet hire is strong, with margin and bottom line profitability holding up extremely well, even during the recessionary years.

The company would be an ideal purchase for a similarly sized or larger corporate with a good knowledge of the industry and with an acquisitive growth strategy. Such a purchase would give access to a company with solid financials and a reliable staff complement. The business would also appeal to a rival firm, or alternatively, a company operating within the wider hospitality industry, such as a caterer, seeking additional market penetration or range of services. The trading name is well known and respected within the market place.

SCOPE AND POTENTIAL

The company benefits from an ideal central location within the country affording easy access to wide range of destination, including London. Marketing at present is largely limited to the company website along with the production of a marketing brochure. The order book has always been full through recommendation and referral. Focus on business development activity generally would easily increase the company’s share of a sizeable market in the country.

It would be entirely possible to service a greater number of events which could include shows, concerts, and “one offs”. There are also considerable opportunities to extend the number of lucrative corporate type events. An expansion in the number and type of toilet units would allow a greater turnover to be achieved with relative ease.

Geographically, the business could easily be extended beyond the confines of the Midlands. A buyer with existing warehousing or storage facilities, possibly in the South East or the North, could be ideally placed to expand the business. A buyer could also look to increase the lucrative cross hire business to other operators committed to servicing particular events.

Opportunities for hire of ancillaries such as shower units are considerable and this has always formed a relatively small part of the business. In addition, it would be possible to introduce other assets for hire such as lighting, bars, marquees or generators.


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