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AM098-Car and Commercial Vehicle Hire - Nottinghamshire, Nottinghamshire £175,000 |
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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. |
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Lease Details: |
The business currently operates from a well positioned main road frontage site which is leasehold. The site consists of an open storage area with Offices, a first floor Mezzanine and Workshop. The current lease is valid until 2014, with yearly rental being approximately £24,000. Council tax is believed to be circa £8,000 per annum. |
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