South West Refrigerated Courier And Transport Company For Sale

Business description

Refrigerated Courier & Transport Company

Temperature controlled transportation and distribution of chilled and frozen goods

This logistics business offers the complete range of temperature controlled food distribution services across the United Kingdom.

A privately owned business, established in 1995, it has since grown and now operates a fleet of twenty four refrigerated vans and lorries, and has fostered a number of strategic trading relationships across the country, delivering and collecting samples and pallets for a number of food production and wholesale companies.

The company has developed a bespoke computerised transport booking system that ensures essential due diligence of every delivery on either the company’s own vehicles or that of an associated company. Every vehicle is fitted with satellite tracking, temperature loggers and a hands free telephone system.

The operation has a database of around seventy core customers that incorporate deliveries to the main supermarket chains, educational establishments, restaurants, coffee shops plus staff canteens of blue chip companies. There is a significant volume of stable repeat business due to a well earned reputation for reliability, consistency and professional approach.

Equipment:

• Bespoke booking and delivery software
• Vehicle tracking software
• Fleet of liveried vans and lorries
• Fridge and freezer facility
• Office equipment and furniture

Customer Service:

The transport of perishable goods is a challenging and exacting market place. Clients in this sector are all too aware that the wrong logistics provider could be a costly mistake. The team of staff have been chosen for their significant experience in the temperature controlled transport arena. Their knowledge and contacts mean that they can meet the most challenging of briefs. Such has been the success of their efforts they can now boast vehicle movements almost twenty four hours a day, seven days a week. Client care is not viewed as a chore but as an enjoyable part of the working day. Long standing trading relationships are a reflection of this attitude.

Financial Information:

The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.

Turnover for the present financial year is circa £2,440,000 with gross profits being around £595,000. Adjusted net profits are in the region of £289,000. Shareholders’ funds are approximately £738,000.

Property information

Property:

Leasehold

Lease terms:

Rent and rates and water charges total £14,000 per annum.

Location:

The premises are located on a small industrial site close to the town centre and major trunk roads. It covers circa 2000 sq ft with offices, toilets a reception area and a meeting room. There is parking for around thirty vehicles. Security is covered by a CCTV system that can be monitored remotely. Rent and rates and water charges total £14,000 per annum.

Business Operation

Expansion potential:

This market enjoys consistent growth. Personal, dependable service has brought growth and expansion for this business. The company policy is still focused on a continued commitment to providing a high quality service for all clients.

One client has specifically involved the business in the strategic plans for its next five year development programme and sees the relationship as an inherent part of that planning process.

Competition / Market:

Marketing is limited to referral and recommendation. The company has a fully operational website and is a member of a number of trade associations. The fleet of vehicles are fully branded.

Reasons for selling:

The managing director has invested fifteen years into the business and now feels that it requires a new owner with fresh energy to drive the company forward again. The vendor wishes to realise the fruits of his efforts and to pursue other business ventures.

Employees:

The director prides himself on the professionalism of his staff and holds them in high regard. In addition to the Managing Director and share holder there is a structured management team supported by administrative staff and twenty five drivers.

Years established:

1995

Other information

Support & training:

The vendor is very keen to see the business he started continue to flourish. He is more than willing to provide a handover for a period of time to be agreed as part of the overall sales negotiation.