Business for sale in United Kingdom – North Midlands – England – Am156-agricultural machinery dealership-north & midlands

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Business for sale in United Kingdom - Am156-agricultural machinery dealership-north & midlands

Asking Price: 1,600,000 £ Real Estate: Lease
Sales Revenue: 6,900,000 £
Net Profit: 1 £
Year Established: 1983
Employees: 7FT
# of family members employed: Not Disclosed
Location criteria:
United Kingdom/England/North Midlands

Business types:

Agriculture, forestry, fishing & hunting

Business categories:

Other Agriculture

Business description

turner butler are delighted to offer to the market the opportunity to acquire a highly reputable and established agricultural machinery dealership, successfully operating from two prime sites, with regional exclusivity for many of the leading global manufacturers it represents. Established some 30 years ago, this dynamic business specialises in the sales, service and after sales care of commercial tractors and material handlers, whilst also selling ground preparation and grass maintenance equipment and mowers. The business sells both new and used machinery and curently holds some 9 prestigious franchises with major global manufacturers, enjoying regional exclusivity with many of them. The business currently operates from 2 modern branch locations, ideally situated close to their customer base. Head office accounts for circa 60% of sales with the newer branch contributing 40%. Both sites can operate autonimously and have fully equiped offices, parts departments, workshops and sales centres. Both sites have key members of staff and a structured well defined workforce. The company has an established presence within the marketplace and is known as a specialist in the fields of material handling, tractors and ground preparation (seeding, planting and drilling). Providing a highly personal yet knowledgeable service to its customers, the business ensures they acquire the most suitable piece of equipment to meet their needs. The business boasts some 300 regular clients, the majority of whom are farmers and estate owners. Having built upon its sterling franchise relationshships over the years, the vendor has invested a significant amount of capital some 7 years ago into the new purpose built branch, this new branch has complemented the excellent work that is generated from head office. The business is curently being marketed as leasehold but both sites are available as a freehold option should a new owner so require, subject to negotiation.

Additional information

Additional information: Not Disclosed
Support & training: The owners will provide full business familiarisation, training and handover as required to ensure a smooth transfer of the business to the new owners
Reasons for selling: The vendor is planning his exit strategy
Financing available: Not Disclosed
Inventory / Stock value: Not Disclosed

Real Estate

Ownership: no
Lease: yes
Lease terms: The business operates from 2 prime operational sites. Both are leasehold. Head Office:- Current rent is circa £13750 p.a. Rates are circa £10,300 p.a. Branch (Site 2)- Current rent is circa £20,000 p.a. Rates are circa £9,000 p.a.
Location: The business operates from 2 prime operational sites. Both are leasehold. However both freeholds are available as part of the sale should a new owner so require. Freehold value of head office site is circa £225,000. Freehold value of site 2 is also circa £265,000. Head Office- located on a well known industrial estate. Total area of site is circa one third of an acre. Building is circa 4,500 square feet and comprises sales offices, parts department, service department, service centre and fully equipped workshops with ramps etc. External forecourt and on-site parking. Site is very secure with alarms, CCTV, barriers etc. Current rent is circa £13750 p.a. Rates are circa £10,300 p.a. Branch (Site 2)- purpose built facility on an industrial estate with excellent access to major roads. Site is circa half an acre. Building is circa 5,500 square feet. Current rent is circa £20,000 p.a. Rates are circa £9,000 p.a.

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