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AM098-Car and Commercial Vehicle Hire

Asking Price: GBP 175000
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Business Location: United Kingdom » Nottinghamshire » Nottinghamshire 
Category: Services » Travel & Transportation Services
Description:
Car and Commercial Vehicle Hire

Ref.AM098
Location Nottinghamshire
Asking Price £ 175,000
Turner Butler are delighted to be appointed as sole selling agents for this exciting goodwill and asset sale opportunity, which has never before been brought to the market for sale.

This business has been family owned and operated for 25+ years, and is very well known in their local marketplace. The business has always operated on and is well known for their simple business philosophy of “we will beat anyone’s price”. The company currently operates from a large well situated main road frontage site, and offers for hire a considerable fleet of both commercial vehicles and cars/MPV’s.

The 36 unit commercial fleet consists of largely Vans of differing sizes plus a tipper, a 15 seater Minibus, a car transporter, a tail lift and lorries. Some of these vehicles are subject to finance agreements but it is felt that approximately £84,000 of equity exists across the fleet.

The fleet of rental cars and MPV’s are mostly leased.

It is felt that the previous financial performance of the company would lend itself to be attractive to perhaps a larger vehicle hire operator looking to expand on a strategic basis.
Financial Information:  
Annual gross sales: (GBP) N/A
Yearly Revenue: (GBP)
Total yearly sales revenue		 N/A
Net Profit: (GBP)
Total profit before taxes		 N/A
General Information:  
Business Area: N.A.
Year Established: 2000
Is Relocatable?:
 Yes
Business closed or an asset sale : No
Is Home based business?: No
Real estate status: No
Reasons for selling:
 The current owner now wishes to honour family commitments by finding the time necessary to enable this.
Market competition and expansion:
 The company has consistently placed high profile advertising in the Yellow Pages and Thomsons Directory along with the development and maintenance of an Internet website.
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