Business for Sale

Customer Ref: 200059

Sale Completed

Business profile

An opportunity to acquire a specialist powered access rental business with an established great market reputation in the South East where it has been trading for over 30 years. The company has enjoyed consistent organic growth and now has 3 trading locations including a dedicated training centre.

The owners have developed the business by overlaying the core hire activities with a specialist stand-alone operation in powered access. In addition, the dedicated training business whilst relatively new has potential to expand.

Customers

The company has a loyal customer base of circa 300 clients predominantly small and medium sized building contractors, local industrial businesses and retail clients. The addition of the specialist activities has further cemented the relationships and trading revenues with this SME customer base. The company benefits from strong repeat business.

Assets

The management have implemented strict asset and purchasing controls. The equipment is well maintained, well presented and the products are predominantly of the leading hire industry brands including Skyjack, Niftylift, JLG and Boss.

IT systems

Our client operates the Hire-mate rental IT package for control of assets, invoicing and intel.

Staff

Employing 23 local experienced and trained staff, understandably many are long serving. The business operates Monday to Friday 07:30-5:00.

		South
		Powered Access specialist
		Turnover: £2.3m
		PBT: £250,000
		Ebitda: £707,000
		Depots/Premises: 3 x Leasehold

Key opportunities

This business is highly scalable with a strong regional presence. Whilst clearly providing scale and immediate revenues to an existing rental operator seeking to expand its network, there are likewise opportunities for an investor seeking growth by further expanding across several dimensions including more locations and investment in specialist equipment and increased sales activity.

Information Memorandum

An Information Memorandum (IM) has been prepared for this business. It gives significantly more details of the business than is available here. These details include the business name and address, three-year account summaries, customer information, hire equipment used and locations of the companies different sites.

If the sale should fall through, and you are interested in receiving a copy of the IM, please click on the button below. We will ask for your contact details and send you a Non-disclosure agreement to sign. Once returned we will contact you and discuss next actions.