Scissor-lifts are on the up
A profitable Hastings machinery equipment hire business, specialising in mobile platform and height-access equipment rentals, is on the market for sale.
Bayleys Napier is marketing HB Platform Hire via an expressions of interest campaign — offers closing at
2pm on February 22.
The business includes $1.9 million of modern plant and equipment; a substantial database of commercial clients throughout greater Hawke’s Bay; a well-trained administrative and operations staff; all back-office IT collateral and computer systems.
Bayleys’ Rodger Howie describes an impressive record of revenue surpluses — net profit having grown by
39.8 per cent over the last two full financial years.
The locally-owned company’s range of machinery includes both diesel and battery-powered platform hoists, he adds.
Height access equipment includes rough terrain four-wheel drive scissor lifts ranging in reach from eight-to-12 metres; battery-powered scissor lifts ranging in reach from 6-12 metres and self-propelled Z-booms capable of reaching heights of between 12-18 metres.
And HB Platform Hire operates from two Hastings premises:
● A 2259sq m yard at 304 Jervois St has 330sq m of equipment storage warehousing and adjacent administration offices.
● A a 1089sq m site at 207 Hastings St North, has 170sq m of equipment storage warehousing and an adjacent workshop.
It employs four full time staff: an office manager, a qualified service technician and two operational personnel responsible for the delivery and collection of equipment and dayto-day machinery maintenance. Three of these staff members have been with the company since it began trading.
Sales have increased by 50 per cent over the past three full years of trading — clocking in at $1.2 million on the year-to-March 31, 2018, says Howie.
“The business has a diverse customer base in the commercial construction sector, ranging from electricians, engineers, construction and maintenance industries, through to cool store, warehousing and manufacturing, decorators, and fruit growers.”
As a safety-focused business, operators of HB Platform Hire maintains current elevated work platform (EWP) certification.
Having benefited from the region’s commercial and industrial building boom over the previous five-to-six years, the business having invested heavily in updated plant and machinery to meet the growing demand.
“Our vendors will also consider any offers to purchase its two freehold properties,” says Howie.
“However, they will only consider offers to purchase the land and buildings in conjunction with the business,”
“To grow revenues to a new level, a new owner could look at expanding the equipment hire range to include the likes of scaffolding, power generation, earth-moving and digging machinery, or trailer hire for example.”
Howie says sales have increased by 50 percent over the past three full years of trading – clocking in at $1.2 million on the year to March 31, 2018.
“This business trades lean — there are no flashy showrooms or company vehicles, so overheads are kept at minimum.
“This allows it to charge out its equipment and machine hire at extremely competitive rates.”