Financial And Data Courier Service For Sale

Business description

Impressive client list and repeat custom
Turnover £1,215,995 per annum and very profitable
Services Major Financial Institutions and Data Processing Organisations
Unique opportunity within business sector
Repeat custom built upon an outstanding reputation

Meridian Business Sales are delighted to offer to the market this well established and highly regarded business that was established by our clients in 1983. The only reason we now have the pleasure to offer this exceptional £1.2 million turnover business to the market is due to our clients' wish to retire.

The business offers a bespoke courier service, focusing on world-class customer service and state-of-the-art technology and is responsible for the safe handling of millions of pounds worth of cargo every day of the year. Our clients' customers are well known High St. banks, building societies and financial groups.

The majority of the turnover is generated from many long-term contracted accounts, invoiced and paid monthly. There is huge potential to expand these existing accounts and to develop new customers. The present business runs nationally 24 hours a day, 7 days a week, transporting time-critical cheques and documents to the banks clearing houses in London, Glasgow and Edinburgh. There are currently 22 drivers operating a fleet of vehicles ranging in size from 500cwt up to 7.5 tonne tail lifts. All of these vehicles are fitted with the latest satellite tracking equipment for both security and customer reasons. A detailed report showing the position and route of a specific vehicle is essential when handling both valuable and time-critical cargo.

All business is charged on a variable pence per mile basis. Rarely do business opportunities like this become available and early viewing is recommended for this unique highly profitable venture.

Additional Information

Holds at present 'Goods in Transit' insurance, including consequential loss to the value of £20,000 per vehicle

The current owners will happily assist in any transition period.


Current Premises

The business depot is a one storey detached former railway warehouse which has been adapted for both office and vehicle use.

The highly secure building with surrounding metal fencing and a 3 camera exterior CCTV system, consists of 2 offices, kitchen, WC and portable cabin. There is ample floor space and in-house vehicle repair/fitting area.

There is a 6000 litre diesel storage tank for filling all vehicles along with secure site parking.


Letting Terms

Rolling 6 month lease
£10,000 per annum rent

Property information

Property:

Leasehold

Location:

This exceptional business is run from home but has a central vehicle depot and additional offices in Golborne, Wigan. Originally used for railway carriage storage this one storey detached building situated on a main road through Golborne town centre, has perfect access to the entire national motorway network via the A580, M6 and M62.

This business has the advantage of being re-locatable to any part of the country but our client suggests that it should still be close to one of the many bank clearing centres e.g. London, Bootle, Milton Keynes, Northampton or Scotland.

However, it would be more beneficial to keep the business located within the Northwest due to it's proximity to one of the businesses major clients and additionally the businesses work force.

Contact the seller