AN OPPORTUNITY TO ACQUIRE A WELL-ESTABLISHED FLUID TRANSFER AND HYDRAULIC HOSE SPECIALIST BASED CLOSE TO THE M1
HOSETECH HYDRAULICS
UNIT 3 LINDRICK WAY, BARLBOROUGH, CHESTERFIELD, DERBYSHIRE, S43 4XE
An exceptional opportunity to acquire this well-established provider of fluid transfer solutions and on-site repairs specialising in hydraulic hoses, pipe fittings & couplings which has built up an enviable reputation with a large and loyal customer base coming from far and wide, situated in anexcellent location just off the M1 within a modern unit.
- Long established business with excellent potential for growth and expansion
- Prime location close to the M1 motorway network within a modern unit
- Fully equipped to operate immediately
Only available due to the owner’s retirement, a viewing is essential to appreciate the opportunity on offer.
PRICE: OFFERS INVITED IN THE REGION OF £200,000 - £250,000
Location: The modern premises are located in Barlborough, close to Junction 30 of the M1 Motorway with excellent road links, being approx. 14 miles to the south east of Sheffield, approx. 28 miles north of Nottingham, and approx. 30 miles north of Derby. The business also come with two fully equipped vans which allow repairs to be carried out on site allowing the potential to cover a huge geographical area.
Description: The business was established in 1998 as a family business, on which basis it continues today. The business specialises in both emergency and none-0emergency work, and has grown to become a highly regarded provider of fluid transfer solutions and on-site repairs specialising in hydraulic hoses, pipe fittings & couplings.
Hosetech offers a comprehensive range of fluid transfer solutions, products & services to industries including agriculture, automotive, construction & plant hire, environmental, manufacturing, material handling, mining & quarrying, transport & logistics, and utilities. The majority of work undertaken is replacing burst or damaged hydraulic hoses, with each service engineer operating from a mobile workshop from which hydraulic hose assemblies can be made on site.
The business also manufactures a range of specialist products including bespoke power packs and other bespoke solutions for fluid handling solutions from the modern and fully equipped premises, which include exceptional workshop and office space.
The business does not currently have a huge online presence, instead mostly relying on its long-established reputation and prominent position, however this is an area which provides exceptional potential for growth with a website and further social media advertising.
Business: Whilst the business has been impacted by the Coronavirus (COVID-19) pandemic, the current owners have adapted to the ever-changing conditions beautifully, and therefore the business is for sale providing a rare and exciting opportunity to acquire an already successful business with excellent potential for growth as desired, and which has performed very consistently over many years.
The turnover in FYE 2020 was in excess of £725,000 despite the pandemic, having shown consistent turnover in previous years, with excellent income provided for the family team.
Full accounting information can be made available following on from a viewing.
Premises: We have not seen the formal lease documentation, but understand the premises to be held on a 6-year lease commencing from April 2019, with approximately 2.5 years unexpired term. Rent is currently payable at a rate of £20,538 per annum exclusive, payable quarterly in advance at a rate of £5,134.50. Service charges are payable in addition at a rate of £140.50 per quarter.
Rating Assessment:
There are no business rates payable at the present time for qualifying occupiers
EPC Rating: Energy rating D - Valid until 17 May 2025 - Certificate number 0950-4953-0355-4270-7020
Viewing: Strictly by appointment with Fishwick & Co. (01246 558995)
Email: info@fishwickandco.com