Fork Truck Instructor/Operator Training Centre

Cardiff, Wales
REF: 02389

Asking Price:
£75,000
Annual Turnover:
£150,000
Annual Net Profit:
£28,000
Reduced
Recently Sold
REF: 02389
Photo of Fork Truck Instructor/Operator Training Centre
Photo of Fork Truck Instructor/Operator Training Centre
Photo of Fork Truck Instructor/Operator Training Centre
Photo of Fork Truck Instructor/Operator Training Centre

Overview

Tenure:
Leasehold
Established:
1992
  • Forklift training center highly regarded throughout Wales
  • Large base of repeat government, business and private customers
  • Little competition in Wales, or throughout the UK
  • Skilled and experienced staff employed in-house
  • Rock solid base for launching growth initiatives

Forklifts are vital to the ongoing operations of any business that requires them. Consequently, organizations will not risk having unqualified drivers operate their forklifts to avoid unnecessary expenses, insurance nightmares, and most importantly, personal injury.

Twenty plus years ago the owners of this business identified that a nationwide shortage in forklift truck drivers was owed to a lack in training facilities. Seeing the tremendously long-term potential, they founded this business.

Today, it is one of only a few such establishments across the country and the foremost forklift-training center in Wales, with loyal customers paying £245 per trainee per one-day course.

Forklifts were first introduced approximately one century ago and have since been adopted by a wide array of industries. Forklifting shows no sign of abating, rather, heavy industry, consumerism and ecommerce are increasing reliance on these workhorses. Total new forklift shipments in the UK in 2015 are breaking through pre-2008 recession numbers (10% annual growth). Obviously, these market trends require additional qualified forklift operators.

As the top forklift training facility in Wales and possibly the UK, with ongoing annual growth, this business is poised to play a significant part in the market rebound. The business’ high quality, immaculate premises are specially fitted for forklift training, with an expansive hands-on training floor, a large number of modern forklifts and a study area for operating theory. All staff members are experienced operators and teachers. The business has long-standing relationships with local governments and an extensive list of businesses. These and more are the basis for the business’ substantial turnover (£150K) and for it to capture the aforementioned increases in demand.

Intelligent Business Transfer are pleased to offer for sale a supremely well established and trusted forklift training business.

With first rate facilities and highly skilled staff members capable of training new operators as well as instructors at its training centre or on-site at customer locations, the business has built a large repeat customer base of individuals, government bodies and firms who require forklift truck operatives for industry, warehousing, packaging, etc.

As with any mission critical function, organizations will prefer to have their forklift operators trained by top ranked institutions. Hence, word of mouth spread of a training centre’s capabilities weighs heavily in this industry and has been the sole driver of new business to this facility to date. As such, an immediate growth strategy for a buyer would be to engage in any number of marketing activities such as trade publication advertising, a website upgrade or establishing a social media presence (already being planned). New owners could also widen the business’ sphere of exposure beyond its current, self-set 30-mile radius.

The current owners have decided to retire and are seeking a replacement who will tend to their faithful clients. They have retained Intelligent Business Transfer to find an established training centre or perhaps an investor looking to enter the training business as suitable buyers, and have agreed to help with transition for up to 6 months.

Features

Online Presence

Website: www.itsukltd.com/

Location

Property

Annual Rent
£14,500
Annual Rates
£7,000
Lease Term (Years)
TBC
Lease Expiry (Years)
TBC
Accommodation Included
TBC
EPC Rating
C 51-75

Financial & More

Annual Turnover
XXXX
Annual Net Profit
XXXX
Stock at Valuation
XXXX
Company Accounts
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Trading Entity
XXXX
Management Structure
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Number of Employees
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Current Ownership
XXXX

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