Hilton Smythe welcomes to the market PR Firman Fork Trucks Ltd which was established in 1974 by the current owner, who is now looking to retire.
One of the premier fork lift companies in the East of England, enjoys a reputation second to none for the quality of its work and the integrity with which it is run.
Suitable either as a bolt on for an existing operator due to the ease of relocation or to an owner worker, this business offers a good return to the new vendor and also presents many opportunities to expand on a very solid base.
Containing all the necessary equipment and having more than adequate storage, it is ready to go and presents a perfect opportunity for a working owner.
This is a really solid concern that will appeal either to a larger company wishing to expand or as a start up with a readymade order book, a large list of clients and a good stock of machines bringing in income. The client base covers multi-national companies through to the smallest of cottage industries and supplies machines that range from huge container handlers down to tiny pallet trucks with everything in between.
There are currently numerous trucks which are either hired out on short or long term hire for between £80 per week and £120 per week or available for sale.
The business which primarily deals with repairs and LOLER (lifting operations lifting equipment regulations) tests with sales and hire being a smaller part of the business which could be grown to create more income.
There are two engineers employed, one full time and the other works three days a week. In our opinion, a new owner could easily and rapidly expand all areas of the concern to make an immediate impact on growth and profits. Especially if there is not a current website which could be created in order to grow the sales and hiring of the trucks.
Hilton Smythe highly advise early viewing to avoid disappointment.
TENUREWe are advised the business is being sold as a Leasehold business opportunity.
New lease granted on an annual basis with a rent of £8,000 per annum.
There are currently no business rates to be paid.
HOURSThe business opening hours:
Monday-Friday: 8am - 6pm
STAFFThe business is run and managed by our client, with the help of 3 members of staff, one full time engineer, one engineer working a 3-day week and a part time secretary.
FINANCIAL PROFILEPR Firman generated an advised turnover of circa £205,285 as of the 2016 accounts, with a gross profit of 48%.
EXTRA NOTESDue to the up and coming retirement the owner has not replaced the trucks that have been sold and this is a definite area, along with the creation of a website that the turnover could be vastly improved.
PR Firman Fork Truck Ltd is located in the village of East Harling within Norfolk on the Roudham Park Industrial Estate with many other businesses.
There is ample parking outside the premises.
Roudham Park Estate is located a mile from the main A11 between Thetford and Norwich and with major links to London.
There is a 4000-square foot former Nissen hut where the business currently operates from, providing the space for on going repairs and storage of the trucks.
There is parking outside for the larger trucks.
All plant, machinery and tools are to be sold with the business