Asking price: £148,950

Sales revenue: £78,000

Net profit: £54,000

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
Advent Business Sales are pleased to have been instructed to offer to the market this very well established engineering business, which specialises in the monitoring, inspecting and testing of petrol station forecourt equipment.

Founded by our client in 1996, the business is only now being reluctantly offered for sale due to ill health.

Many of the systems which they install and maintain are mandatory in the industry as proof is required that the petrol tanks are not leaking.

Other equipment gives extremely accurate readings of the volume of fuel in each tank or saves on vapour losses occurring when the tanks are filling.

The business, which has a national customer base is run from our client’s home and only requires minimal in house office space, as most of the equipment required can be easily accommodated on the business van.

Our client works approximately 3 days per week and additionally employs one part time worker who does circa 1 day per week and his wife, who looks after all the paperwork which requires approximately 2 days per week.

Annual turnover is approximately £78,000 with excellent net profits of circa £54,000.

We are advised that stock at cost is approximately £13,000.
REF: 9134RG

Trading hours: As required by customers – approx 3 days per week

Home based: This business can be run from home.

Relocatable: This business can be relocated.

Location
The business is currently run from home in Reading, Berkshire and as such requires minimal premises and can be located anywhere in the UK.

Ideally however, a central location would be perfect so that travelling time is not wasted.

Expansion potential
Our clients only covers a very small number of approximately 5,000 independent petrol stations in the UK and is more competitive than any of the other providers. This gives an excellent opportunity to pursue the vast remainder not currently catered for and to increase the low prices charged.

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