Supplier of Irrigation Equipment to UK Growers

Offered for sale are the assets and goodwill of a company arm that supplies and hires out hose reel irrigators and irrigation pumps to growers nationwide.

As a main importer for a large European brand, the business was one of the earliest adopters of phone app equipment management technology. Consequently, the business has transformed the efficiency of the machines it supplies and reduced labour involved in running them, giving it an edge within the market.

The sale is offered due to the owners wishing to focus on other, core areas of the parent company.

Offers invited.

Key Highlights

– Has introduced a number of new technologies that assist clients in streamlining their processes and operate machinery more precisely, effectively, and efficiently.

– Has 77 active customers within the agriculture and horticulture sector.

– Operates from premises that are shared with the parent company where a new owner could potentially rent some storage space. Alternatively, the business is relocatable.

– Having dedicated few resources and staff to growth to date, there is huge scope for further development through hiring dedicated staff to fulfil service and marketing roles.

– Developing proactive marketing strategies by introducing further online advertising and attending or exhibiting at national trade shows would facilitate rapid growth.

Financial Highlights

– Net asset value in YE23 of circa £1.1m.

– Expanding customer base, with circa 50% of sales derived from new customers each month.

– Outturn of circa £850k in revenue for YE24 for the hose reel and pump arm of the business, with an EBITDA of £64k.