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#Business ID: 11164

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Very Profitable Hydraulic Hoses Supply and Repair Business

Business Location: Belfast, Antrim, Northern Ireland

Asking Price: £ 500k to 1m Revenue: £ 500k to 1m Cash Flow: £ 100k to 250k

[Furniture / Fixtures included]

Business Summary

The company supplies, fits and repairs hydraulic hoses and associated parts for customers in the manufacturing, haulage, equipment hire, farming and public utility sectors etc. The company operates a call-out service, a trade counter and delivers kits to customers.

All of the company’s fitters are well trained and highly motivated and many are long serving. Together with the owner they have built an excellent reputation with operations and maintenance managers, with the result that the company has a high level of repeat business.

Property Details

Size:

4,000 sq.ft.

Years Established:

13

Property Type:

Lease

FF&E:

£ 89,000

Inventory Value:

£ 50,000

Other Business Details

Business Location:

The premises are based in an industrial estate with easy access to the motorway system.

Premise Details:

Based in a modern warehouse.

Competition:

There is one main competitor and one competitor which specializes in one make of equipment only. The remaining competitors are one man / one van operations.

Expansion Potential:

Company staff are already working a lot of overtime and the company is turning away business at present. A new owner could recruit more fitters and grow business quickly with little capital expenditure. In the longer term there are clear opportunities to build on the company’s reputation and open more depots throughout Northern Ireland. At present the main constraint on growth is the time it takes fitters to drive to customers in distress. Strategically located branches would reduce travel time and grow sales. A dynamic buyer would consider setting up a franchise operation in due course.

Planning Consent:

N/A

Business Operation Details

Employees:

9

Trading Hours:

8.30 to 17.00 Mon to Fri A 24 hour emergency service is provided.

Support & Training:

As most of the staff are long serving and well trained they are available to support a new owner. There is a manager in place who is capable of running the business.

Relocatable:

Business Relocatable

Miscellaneous Details

Reason For Selling:

The owner has serious health issues and must sell.

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