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| Financials |
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| Asking price: | £75,000 | | Sales revenue: | £100,000 | | Net profit: | £31,000 |
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| Business description |
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This business was set up back in 2004 by the current owner and in that time the business has established itself as a flexible and highly responsive haulage company providing specialist HIAB transport services to companies both large and small. Because the business is itself small, it has carved out a niche in the area and has earned a reputation for delivering a quick, reliable and professional delivery service both locally and throughout the UK if required.
The company has a core customer base of some 10-15 very regular clients who use the business on a monthly basis. Clients include civil engineering companies, building companies, waste companies and piling businesses. In addition to this it also has a number of other clients who use their services on an ad-hoc basis. The majority of customers are local to the North West.
Equipment:
The business carries out its services with a 45-Tonne HIAB wagon. The vehicle is modern, well maintained and has an estimated value of circa £85,000.
Key Strengths:
Key strengths of the business include its excellent reputation for fulfilling clients needs effectively giving them piece of mind that the loading, delivery and un-loading will be made safely and on time. Other strengths include:
• Immediate response
• Flexible hours/ delivery times
• Competitive Rates
• Impressive customer base
• Levels of repeat business
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.
The business consistently achieves turnover circa £100,000 per annum with an impressive operating profit of circa £36,000. The business has low overheads and a desirable customer base. This business represents an ideal acquisition opportunity for a similar company looking to expand its services or geographical spread. Alternatively it represents an ideal lifestyle opportunity for an individual looking to work for themselves with consistent revenues being achieved. |
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| General information |
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| Years established: | 2004 | | Employees: | The vendor works full time in the business. He also has a pool of sub-contractors he can call upon if need be to cover other types of haulage requirements. | | Trading hours: | As required. The vendor has a flexible approach to work and this is demonstrated by the impressive client base this business enjoys. |
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| Location |
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| There are no premises associated with this sale. The business is run from a home office environment. It does however rent a parking space for the wagon in a local yard that is safe and secure. Rental for this is circa £180 per month. |
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| Expansion potential |
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| The business is well positioned for future growth as it has established itself in the market locally and to a lesser extent regionally. It currently undertakes no sales or marketing activities or advertising. The business has grown and now enjoys consistent turnover year on year. The only reason the turnover has not continued to grow is that it requires new investment in the way of more vehicles and staff. The demand is there, the customers want to use this businesses services but the vendor is unable to invest in further infrastructure at this time. The very fact that this business has several large and well –known customers opens the doors to many additional opportunities with existing and other prospective customers. |
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| Competition / Market |
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| The business currently undertakes no traditional forms of advertising preferring to rely on repeat business, referrals and world of mouth recommendations from existing clients. In saying that the vendor does undertake telesales/cold calling if need be. The business would benefit from the development of a website as well as a proactive sales campaign where a new owner able to inject new resource into the business. |
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| Support & training |
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| The current owner would be happy to provide full training and support at handover. He would even consider staying on for an agree period is fo required by a new owner, subject to negotiation. |
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| Reasons for selling |
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| The vendor believes the business is currently at a stage where it needs new investment in vehicles and manpower in order to expand further. The demand for work is there, the vendor just does not have access to such funds to exploit these opportunities. As such he feels he has taken the business as far as he can and it would be better if a new owner with additional resources were in place. |
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