Sector |
Turnover |
Location |
|---|---|---|
| Vehicle Rental | £600k | Scotland Central Belt |
Business Opportunity:
An opportunity exists to purchase the business and assets of an Award Winning Vehicle Hire Business operating in Scotland. The Company has been trading over 3 years and has built up good local customer base providing repeat business, the Company has also recently been awarded approved status on the Centre of Procurement Expertise framework for the local government sector, this is expected to provide future growth for the business. Management would be willing to be retained for a transitional period, subject to agreeing terms.
The purchase will be executed at the earliest opportunity. All interested parties will be requested to sign a non-disclosure agreement and specifically deal with Middleton Barton Asset Valuation Limited as appointed agent on behalf of the Vendor.
Business Overview:
- Established Business
- Ongoing Work in Progress
- Extensive Hire Fleet
- Established on Government Procurement Framework Contract
- Intellectual Property
- Establish Local Client base
- Leasehold trading premises
Financial Information:
| Financial Statements for: |
Management Accounts 10 Months to 30/4/2024 (£) |
12 Months to 30/6/2023 (£) |
12 Months to 30/6/2022 (£) |
| Turnover |
537,510 |
303,875 |
71,564 |
| Gross Profit |
431,594 |
203,062 |
15,129 |
| Net Profit/(Loss) |
122,711 |
(9,690) |
(31,673) |
Assets Available for Sale:
- Unencumbered & Encumbered Hire Fleet
- Contracts / Work-In-Progress
- Client Base
- Goodwill & Intellectual Property
Location:
Scotland Central Belt.
Deadline for Offers:
Expressions of interest to be provided by 8th November 2024. All offers to be supported by proof of funds.
Further Information:
For further information or to request a non-disclosure agreement please contact Tom McWilliam at our Glasgow office on 0141 478 0732.