Asking price: £175,000

Sales revenue: < £200k

Net profit: < £100k

Fixtures value: Undisclosed

Stock value: £50,000

Business description
The business operates as a commercial van rental company. It currently has 10 LWB Transit vans, and offers plenty of scope to expand. 90% of the vans are rented out on a long-term basis, generating a steady monthly income. The business is easily run single-handed and is very well established. It has been operating for over 8 years. We feel that the business would be an ideal add-on to other vehicle rental or leasing companies.

Years established: 8

Employees: The business is currently owner run.

Trading hours: 24/7

Relocatable: This business can be relocated.

Property: Leasehold

Lease terms
The premises are currently on a 3 year lease but has written consent to extend to a 10 year lease if required. Current Rents Total £14,000 per annum

Location
The business has recently been successfully relocated to a Business Park in Hockley, Essex. The site offers a large covered unit and a secure enclosed yard, with a small office and toilets.

Expansion potential
This business offers an excellent opportunity for the successful buyer who is seeking a well run established business, with the capacity to increase turnover and to expand the current fleet substantially.

Competition / Market
We are one of the longest trading van hire companies in the area and therefore have a well established return client base as well as customers that have been on our books for years.

Support & training
Comprehensive support and training will be provided to the successful purchaser.

Reasons for selling
Relocation