Business Summary:
The business is an independent company committed to providing its customers with a personal, friendly, and local service. This is a unique opportunity to acquire a well-known, local, and independent, Tool, Plant & Equipment Hire Business with huge scope for growth by increasing the product range, expanding delivery area and advertising. The company operates locally (within 15 miles radius) and has been at the forefront of renting quality tool, plant and equipment to the local trade and DIY markets.Originally established in 1985, the core business is hire of tools, equipment, and plant to Do It Yourself (DIY) and trade customers. The business predominantly serves the DIY market (circa 75%), which means they are not reliant on just a few trade customers. Main benefits of this are –1. The business has a monopoly in the area of tool, plant and equipment hire with literally no competition – the nearest Tool, Plant and Equipment Hire shop is 20 minutes away. People don’t want a three-quarter hour round trip to hire something.2. Maidenhead is a commuter town with train services to/from London every 15 minutes, with fast trains to Paddington taking just 20 minutes. So huge growth is expected.3. Growing market – driven by Cross Rail/Elizabeth Line, over 6,600 new flats and homes have been built or granted planning consent locally. The golf course development alone will see up to 2,000 new homes being constructed in 2025. There’s little or no space in most flats or apartments to store anything, even a step ladder, so hire is the only option.4. This business is part of the “circular economy” where sustainability is a priority. There is a growing trend to “hire - not buy”, especially amongst the environmentally conscious younger generation and professionals.5. With its nearly 40-year history, the business enjoys a great reputation and there is significant repeat business. from a loyal client base.
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