* Included in Asking Price
Agricultural Machinery Dealership
Multi Franchise Operation
Location North & Midlands
Asking Price £ 1,600,000
2 Locations: North / Midlands Leasehold
(freehold option is available)
Asking Price: £1.6 Million
Asking price includes:
Consistent Turnover circa £6.9 Million per annum
Gross Profits circa £655,000 p.a.
Stock/Net Assets valued at approx £1 Million
2 high profile leasehold premises
Major dealership for many prestigious global brands
Fully equipped workshops
30 years successful trading
Superb structured workforce inc. management
Large regular client base
Training and handover
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.
|Facilities:||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.|
|Competition:||The business advertises in the leading national farmer’s magazine and also does some local marketing from time to time. It also undertakes some email marketing and mailshots to existing customers (specifically in relation to parts, service and consumable items).
The company has its own website where it lists equipment for sale, both new and used.
However, the business enjoys its best form of marketing via word of mouth recommendations and referrals and has excellent customer retention levels and enjoys good levels of repeat business.|
|Growth Potential:||The business has grown steadily since inception. Over the years it has developed its franchise partnerships and has an excellent range of “in demand” manufacturers keen to work with it. The business has managed to maintain performance over recent years despite very difficult trading conditions and is expecting to see future growth in line with market predictions.
The vendor has continued to invest in the business and there are opportunities to grow it further by developing a specialist tractor franchise and moving into the “harvesting” equipment sales arena.|
|Training/Support:||The owners will provide full business familiarisation, training and handover as required to ensure a smooth transfer of the business to the new owners. May also consider staying on for a further period should a new owner so require, subject to negotiation.|
|Sale Reason:||The vendor is planning his exit strategy.|
Seller Reference #AM156
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