| | Long Established National Haulage and Warehousing Company For Sale | | Seller ref: GP159
Advert ID: 897344 | | | Suffolk, United Kingdom | |  | | Financials | |  | | Asking price: | £1,500,000 | | Sales revenue: | £2,600,000 | | Net profit: | £341,290 |
| | | | Business description | | Highly Respected and Long Established National Haulage and Warehousing Company
This well-established and respected road haulier company specialises in imported goods, haulage and warehousing. The company has earned a reputation for its expertise in the industry, on-time freight deliveries, high safety standards, efficient, well-maintained owner / driver vehicles, with skilled and experienced drivers, professional attitude, ethics and advantageous location.
This full service enterprise maintains an extensive base of satisfied repeat accounts that appreciate prompt service and expert freight handling and warehousing. Handling all types of good and raw materials, the company is one of the market leading imported goods haulers in the region.
This company is an ideal investment, especially with its solid profit margins and recognised established name in the industry. A constantly growing base of satisfied repeat accounts and clientele, as well as new referrals and customers have allowed this establishment to provide them a strong proven record of dependability and quality service.
Based close to the major Ports in Suffolk of Ipswich and Felixstowe, with direct links to the National Road Network, the Warehouse is ideally located for National Haulage, and expansion further a field.
The leasehold facility includes a warehouse of approximately 20,000 square feet, with on-site offices of circa 600 sq ft on a mezzanine floor. The lease runs to 2010, but has the flexibility of a 12 month notice period. The company employs owner drives directly, some of whom have worked with the company since its inception over 20 years ago. This offers a great continuity of service, and reliability, but offers the company flexibility that has proven an excellent business model over the years, both good and tough.
Customer Service:
This business prides itself on always being able to respond to customers needs, offering a high level of customer service where every request is responded to in a timely manner. They provide the highest level of customer care, and have built a long list of reliable and conscientious drivers who show the company name in the best light at all times. Thus ensuring their future employment, and the consistent return of clients both large and small .
Key Strengths:
The business is situated in an excellent geographical location and since it was founded has gone from strength to strength, maintaining a quality service. The flexibility of the business has proven a great asset, and will continue to pay dividends. As the largest and longest running company with this business model in the region, the company has built a long list of drivers that are the envy of competitors. With a great margin and profit level, the business enjoys a high level of financial stability in a competitive sector.
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.
Year: Turnover Levels: Gross Profit: Net Profit:
2006 £3.2 Million £831 K £321 K
2007 £3.4 Million £886 K £367 K
2008 £3.4 Million £896 K £341 K
The company holds circa £450 K in the Bank as working capital, which is included in the asking price, along with a further circa £50 K of assets. |
| | | General information | | | Employees: | Alongside the current Director, the company employs a Transport Manager who has been with the business for 12 years, and would consider staying on with the company under new ownership to provide continuity of service. The company employs a further 8 full time staff, including a Warehouse Manager, Transport Assistant, Warehouse Operatives, and Office Administrators. Alongside this, the company has an exceptional list of Owner / Drivers built up over the years whom the company call upon. Some of these sub-contractors have been driving for the business for over 20 years. They are all very reliable and always endeavour to show the company in the best light. | | Trading hours: | Monday – Friday: 8:00 am – 7:00 pm
Saturday: As necessary |
| | | Property | | | Leasehold | | Lease terms: Rent £70,000 per annum
Rates £30,000 per annum |
| | | Location | | Leasehold (renewable in 2010, with 12 month break-out / notice period)
Rent £70,000 per annum
Rates £30,000 per annum
Square footage circa 20,000 sq ft
Mezzanine Floor with circa 600 sq ft of office space.
Fully alarmed, with Red-Care alarms direct to Police. Secure roller shutter door, and outside closed-circuit television. |
| | | Expansion potential | | | There are several avenues for growth and expansion. Growth through inward investment, expanding the client base, marketing and increasing the staff levels to expand into other locations and abroad. Strategic promotion of the company could provide additional lucrative profits for an enthusiastic new owner. |
| | | Competition / Market | | | The company has limited advertising and marketing currently, and has been built through recommendation and referral. There is a great opportunity for a new owner to capitalise on this, and introduce a web presence, which would help with automation also. |
| | | Support & training | | | The vendor will stay on board to hand over the business and assist with making sure there is continuity to service. |
| | | Reasons for selling | | | The vendor has successfully grown and ran the business for over fifteen years. He is now looking to enjoy his retirement, and hand over the business to a new owner, with the desire to capitalise on the potential offered. |
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